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OTA Savings by X·quic™ Announces Strategic Alliance with Preferred Travel Group

OTA Savings by x·quic™ Announces Strategic Alliance with Preferred Travel Group

x·quic™, the leader in AI-powered online travel agent (OTA) reconciliation, is thrilled to announce its new partnership with Preferred Travel Group™ as an Alliance Partner. This collaboration gives Preferred Travel Group access to the most cutting-edge OTA reconciliation technology and services and allows Preferred Hotels to save time and money on OTA Commissions.

Nimesh Shah, CEO of x·quic™, expressed his enthusiasm about the partnership: “Joining forces with Preferred Travel Group as Alliance Partners is a significant milestone for us. Our service is specifically designed for independent luxury resorts and upscale properties with unique challenges due to their stature and scale. We conduct a deep-dive into the specifics of each property, ensuring that they optimize their time and financial resources regardless of the complexity of their reservations.”

x·quic™ has already analyzed over $25M in OTA reservations for select Preferred hotel properties like Hotel Nikko San Francisco. Jason Ngo, Director of Sales and Revenue at Hotel Nikko San Francisco, reports substantial savings: “In just one year, we saved about $100,000, and we've cut down approximately 667 labor hours annually, which is equivalent to the workload of one-third of a full-time manager.”

x·quic™ even flags and prevents fraudulent reservations, ensuring hotels do not incur unnecessary OTA commissions and inaccurate room inventory. Jay Nelliot, CFO of Watergate, highlights the protective benefits: “We’ve seen a notable increase in fraudulent reservations. Thanks to x·quic, we no longer pay commissions on these bookings. They truly have our interests at heart.”

As a Preferred Travel Group Alliance Partner, x·quic™ will now offer its OTA Savings service to the Preferred Travel Group hotel portfolio which includes the world’s largest collection of luxury independent hotels and resorts.

To commemorate this new alliance, OTA Savings by x·quic™ is offering a complimentary Revenue Audit for hotels within the Preferred Travel Group.

Request your complimentary OTA Savings Audit

About Preferred Travel Group

With a portfolio of over 1,100 hotels, resorts, and residences spanning 80 countries, Preferred Travel Group™ is home to the largest global collection of independent hotels and resorts. The Alliance Partner program is dedicated to integrating the most innovative companies within the hospitality sector to enhance service excellence.

About OTA Savings by x·quic™

As the foremost provider of OTA reconciliation, OTA Savings by x·quic™ revolutionizes how hotels manage and reconcile every OTA reservation and transaction. Their advanced AI-driven technology eliminates the need for manual reconciliation, ensuring near-perfect accuracy and significant cost reductions. Recent studies by x·quic™ reveal that 97.2% of hotels overpay OTA commissions or leave funds on virtual cards. OTA Savings by x·quic™ nearly eliminates these.

Media Contact:

Raul Vega, President
LEVEL 5 Hospitality, LLC

Posted by on May 9, 2024.

Categories: Technology

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