Paris (PRWEB) September 3, 2005
Global Hotel Discount a pioneer and innovator in the field of online hotel reservations market is launching the industry first live data supply and demand indicator.
The Global Hotel Discount Index or GHDi is calculated real time based on the average discount offered by GHD member hotels to GHD web users and card holders worldwide, the live data is derived from the price tables created by over 1,600 hotels in 105 countries.
ÂThe GHDi use is not limited to communicating the average discount offered by member hotels to Global Hotel Discount members, but it is a reliable indicator of the broader state of supply and demand in the hotel industry,Â commented Mr. Nawar Alsaadi, GHD Founder and General Manager.
ÂFrom our experience the average discount shrinks in periods of high demand and expand in periods of low demand, making the GHD Indicator the only real-time indicator in the market showing the fluctuations of demand and supply in the hotel industry,Â added Mr. Anes Alti, GHD commercial manager.
In addition to the GHD Global Index, Global Hotel Discount will be launching the GHD Regional Index or GHDri, the GHDri will provide information related to the average discount offered in a specific geographic area such as Europe, North America, South America, Asia and Australia, hence providing more relevant data about the fluctuations in seasonal demand on the regional level.
ÂGlobal Hotel Discount unique commission-free business model is what allowed us to launch the GHD Index, all fluctuation in the site discount rate are purely supply and demand driven, hence making the Global Hotel Discount Index accurately reflective of the hotel industry conditions globally and regionally at any given date,Â highlighted, Mr. Nawar Alsaadi.
It is worth mentioning that the Global Hotel Discount base discount is 10%, thus fluctuations of value in the discount index are those beyond the 10% discount range.
Global Hotel Discount will continue to work actively to further enhance and improve the hotel industry transparency and to provide better information and services for both its customers and hotel members.
Global Hotel Discount based in Paris, France, is a commission-free reservation company founded by independent hotel owners. The company owns http://www.globalhoteldiscount.com, a commission free reservation portal offering direct access to over 1600 hotels in 105 countries. In addition the company offers the Global Hotel Discount Card, a discount card offering between 10% and 30% discount throughout the Global Hotel Discount Card network.
Global Hotel Discount website and discount program is free for hotels to participate in. The only requirement is to offer a minimum 10% discount on the hotels full seasonal rates to GHD website members and card holders.
Website: http://www.globalhoteldiscount.com - Media contact: Mr. Nawar Alsaadi Â tel: 331-4579079, fax: 331-457973.