TRX Offers Solutions to Hotel Property Record Standardization

TRX, Inc., has introduced Hotel Property Normalization. It provides travel and expense managers with improved reporting data, ensuring that no matter where the hotel spend data originates, costs on a property-by-property basis are correctly assigned as part of the TravelTrax reporting solution.

TravelTrax is a suite of travel data management and business intelligence solutions delivered as hosted software with support services which transforms transaction data into actionable insights and enables users to better control costs.

Online booking platforms, agency back office systems, GDSs and credit card issuers often apply inconsistent naming and referencing conventions for hotel properties, making reconciliation and effective management of hotel spend nearly impossible.

TRX’s new Hotel Property Normalization offering resolves this issue through leveraging proprietary matching algorithms, analyzing all available components of a hotel property record, refining up to 99.7 percent of the inconsistently referenced hotel properties in travel agency back office, credit card and expense reporting data.