RateGain
RateGain® is an innovative, cloud based technology platform helping hospitality and travel companies make more revenue every day.
IDeaS and RateGain Expand Partnership to Deliver Actionable Real-time Intelligence for Hotels. Leonardo and RateGain Enhance Partnership to Drive Faster Bookings for Channel Partners with an Expanded Distribution Solution - Leonardo. Leonardo is excited to share that we have further strengthened our partnership with RateGain, a leading provider of SaaS solutions for the travel and hospitality industry.
This strengthened partnership will allow demand partners to utilize RateGain’s expertise in textual static content combined with Leonardo’s power in visual media. RateGain is pairing our content distribution capabilities to provide property and room content for up to 250,000+ properties through a single source containing visual and textual content. Our mutual travel channel partners will now be able to optimize the ingestion of property and room content by identifying and mapping static content with rates leading to optimal delivery of property and room content. More Than 100,000 Hotels May Make Better Decisions With the Help of RateGain, IDeaS and AI - Retail and Hospitality Hub. iStock/Andy As the hospitality sector has changed in the past few years, more hotels have needed to implement new technologies to adjust.
SaaS firm RateGain Technologies is poised to help them continue adjusting in its new global strategic partnership with IDeaS, a firm that offers revenue management solutions. Together, the two will provide real-time and AI-powered rate intelligence to more than 100,000 hotels around the world and try to help the industry as it copes with demand and price volatility in the current climate. Hotels will be able to access accurate and real-time data at scale through RateGain’s OPTIMA, which ensures up to 99% data sufficiency and gives the hotels access to features such as Cluster Dashboards, Airbnb insights, Geo Source tracking, LoS restrictions tracking and Lightning refresh.
“We are certain hoteliers would see an immediate benefit from this new partnership.” Avataar founder Mohan Kumar on investment priorities for the new Opportunities Fund. Payal Ganguly 18 Feb, 2021 When Mohan Kumar left Norwest Venture Partners in late 2019 to start a B2B and SaaS focused venture capital firm, Avataar Capital, he was among those catching what was then still an early shift in the Indian technology startup market.
The pandemic last year changed that. Suddenly, SaaS in particular, was on every investor’s list of priorities. Kumar decided to accelerate his firm’s investment gameplan. “We were planning to raise our second fund in late 2021 or early 2022. Indian hotels shows surge in bookings in February : RateGain, Travel News, ET TravelWorld. According to the third edition of the PULSE report published by leading travel technology company, RateGain, Indian hotels have shown commendable recovery after showing a slight lull in bookings in the month of January.
Indian hotels witnessed the highest check-ins at 24.7K during the 8th week of 2021, which is even higher than the Christmas month when recovery crossed 116%. As per the Pulse report, while India’s recovery in January slid back as it had only domestic travel to rely on, the check-in data for February gives a very promising picture of 2021. Bookings surged across key destinations for two consecutive weeks of Week 7 and Week 8. Bookings grew by over 20% in Goa in February over January, 2021. How to Optimise your Hotel’s Distribution Strategy for Maximum Profitability. As Covid-19 travel restrictions ease, hotels worldwide are witnessing a resurgence of bookings after the fallow period that was 2020.
At the same time, the lingering fear of infection means that booking volumes will take a while to return to normal. With only a finite number of rooms to sell, hotels need to employ smart strategies that enable maximum visibility on booking platforms. Here are 4 tips on how to design a hotel distribution strategy for maximum profitability in 2021. Tweak your distribution mix. Smart Distribution Software, Hospitality Channel Manager. Competitor Price Intelligence Overview for Hotels - RateGain. First Hotels Partners with RateGain for AI-enabled Competitive Intelligence and Rate Parity. Setting Out the Tech Landscape for Hotel Distribution: New Skift Research.
Technology has played a part in hotel distribution since the 1970s, when hotels copied the central reservation systems as invented by airlines, to better manage their room inventory and connect to the global distribution systems (GDS).
But truly, hotel distribution remained largely devoid of considerable tech penetration up to the turn of the century, when online booking platforms started to flex their muscle and hotels launched their own websites with booking engines, to allow customers to book their rooms online. Since then, hotel distribution has become far more complex, and technology has penetrated every layer of distribution. From channel managers to rate shoppers, from business intelligence to rate parity tools, hoteliers have a wealth of tech vendors vying for their attention.
This report is part of a two-part report series on hotel distribution. Part I discussed the different channels that hotels distribute their rooms on. India’s hotel bookings recover with the news of the vaccine; sector records 15% higher bookings YoY in December: RateGain report. New Delhi: Thanks to last-minute travel bookings, India consistently made higher travel bookings in December last year compared to 2019, according to a report by RateGain Technologies, a SaaS company for the travel and hospitality sector.
According to the report, India’s recovery was above 100% for all the weeks of December. It was observed that Indians booked last minute travel mostly to travel during the end of December and first week of January. Popular destinations such as Goa, Shimla, and Jammu still figured in the top 10 destinations for the first month of 2021. As per the report, Indians of all age groups have begun moving out of cities, filling flights to almost 100% capacity to domestic destinations as International travel was mostly restricted to UAE. Budget 2021: Expectations of the Travel & Hospitality Sector - BW Hotelier.
It's time to delete the demand shock A few days ago, FHRAI had requested the center to bring the tourism under Concurrent List.
It will lead to a better organisation of the sector with properly designated responsibilities between the Center and the state. Budget 2021: Hospitality industry lays out expectations after a year of constant low. In 2020, the hospitality industry underwent its most challenging crisis as one of the worst-hit sectors due to the COVID-19 outbreak.
According to IBEF, the tourism and hospitality industry created 39 million jobs in FY20 — eight percent of the total employment in the country. However, with travel restrictions imposed by the various governments across the globe, the hospitality industry came to a standstill, facing major salary cuts and job layoffs. Tanai Shirali, Senior Director - Operations of Mumbai’s rooftop lounge ASILO, says, “COVID-19 has shaken our already eroded foundation. Eu.usatoday. Today's Hotelier (AAHOM) - February 2021 - How hotels can attract the 3 types of travelers still active during COVID-19. Opens in modal lightbox TO SAY THAT THE PAST YEAR HAS been difficult for the hotel industry would be an understatement with COVID-19 and the associated travel restrictions resulting in a dismal 2020 for hotel bookings globally.
Things are starting to look up with traveler confidence beginning to rise, and more people thinking about travel in the coming year. According to Destination Analysts, 23.1 percent of American travelers have taken a trip by air during the pandemic, and 58.1 percent have taken a road trip. Nearly 80 percent have at least tentative trip plans for some time in the next year. Today's Hotelier (AAHOM) - February 2021 - How hotels can attract the 3 types of travelers still active during COVID-19. RateGain Launches Canvas for Car Rentals to Tackle Price Volatility in the New Normal.
How can Hotels Benefit from Dynamic Pricing Strategy? In the hotel industry, dynamic pricing involves the continual tweaking of room rates based on demand patterns at different times of the year. It is rapidly becoming a must-have for hotels for efficient revenue management that takes seasonal fluctuations into account. What is dynamic pricing in the hotel industry? Also called time-based pricing, dynamic pricing in the hotel industry is a revenue-management strategy that involves real-time tweaking of the price of rooms based on their demand and supply.
See the Green Shoots of Recovery with Smart Distribution’s latest addition “Future Demand” Airlines - RateGain. Goa, Shimla, Manali: Popular holiday spots despite coronavirus — Quartz India. On Jan. 1, Raghav Sikka made a resolution that he would visit a new place in each month of 2020. Three months later, India went into a complete lockdown due to the Covid-19 pandemic, and almost a year later, international travel from the country is still restricted.
The 25-year-old engineering student from New Delhi had to forego the white sand beaches and bustling markets of Australia, which he was planning to visit in April. However, even the once-in-a-century pandemic could not lock Sikka down in his house. In December, after months of staying at home—and tired of doing the dishes—Sikka decided he needed a change of scenery and moved to Sikkim for a staycation. “I am still stuck indoors but now with a comfortable hotel bed, away from the monotony of doing household chores, and the view from my window is everything one could wish for the rollercoaster ride this year has been,” he told Quartz. People Matters - Interstitial Site. Context and content will be king in 2021: Kamesh Shukla, Hospitality News, ET HospitalityWorld. RateGain works with over 250,000 plus properties worldwide—over 3,000 hotels are in India.
Their portfolio spreads across national and international chains, standalones, in both luxury as well as mid-scale and beyond. ETHospitalityWorld spoke with Kamesh Shukla, Executive Vice President and Head – APMEA, and asked him about his views of the year gone by and the learnings the industry could take from it. My Lessons From 2020: How Entrepreneurs Can Prepare For Chaos. December 28, 2020 6 min read Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Around 10 months back, I was sitting in my office with an established journalist for one of the biggest publications in the world, telling him about how RateGain and the travel industry is poised to conquer the next decade.
Little did we know how the entire industry would shut down for over six months and look at a long recovery path. Social media in 2021: The new MVP for hospitality. Social media has become a lifeline during the pandemic, with people turning to their devices for connections with far-flung family, friends and colleagues. The COVID-19-related social stats are staggering: a 10% jump since the start of 2020, over half the world is now active on social media. That’s four billion people, spending an average of 15% of their daily time browsing social.
In Western Europe, Instagram’s monthly user count tripled the pre-pandemic estimates, propelling that platform to over one billion users for the first time. Similar trends were seen across other platforms, such as Facebook, Snapchat and TikTok, which all registered massive spikes in usage. Surging social media use is a bright spot for brands looking to engage with consumers while stuck at home. At BCV, where we execute global social media strategies for hospitality brands, we've seen the surge firsthand. So how will this all play out in 2021? 1. 2. Also, sustainability and environmentalism are key. 3. 4. 5. 6. Context and content will be king in 2021: Kamesh Shukla, Hospitality News, ET HospitalityWorld. See the Green Shoots of Recovery with Smart Distribution’s latest addition “Future Demand” Hotels Remain a Prime Target for Hackers. Why 1989 holds the key to hospitality's recovery. Here’s How Hoteliers Can Attract New Travelers in the Post-COVID Era.
Revenue volatility in airlines is here to stay: What can revenue & pricing teams do about it? - SpeakEasy by Shweta Vashishth. Perspectives with Saurabh Prakash: How Hotels Can Get Digital Right for Recovery. Strategies for Hoteliers to Get Back to Business for Europe Market. RateGain on LinkedIn: Smart Distribution - Rategain. SaaS platform RateGain recognized as the Most Innovative Startup by ET Innovation Awards. Travel & hospitality sector will take 12-15 months to cross pre-Covid level hiring figures: Industry leaders, HR News, ETHRWorld. RateGain on LinkedIn: Smart Distribution - Rategain. SaaS platform RateGain recognized as the Most Innovative Startup by ET Innovation Awards. Here’s How Hoteliers Can Attract New Travelers in the Post-COVID Era. UNWTO Recognizes RateGain for Creating Solutions to Aid Tourism’s Recovery. Rategain — Benefits of Using AirGain as a flight price...
Perspectives with Saurabh Prakash: How Hotels Can Get Digital Right for Recovery.