Dallas – RateGain Technologies, the leading SaaS Company for travel and hospitality, today announced a global strategic partnership with IDeaS, a pioneer and global technology leader offering revenue management solutions, to deliver real-time and AI-powered rate intelligence to more than 100,000 hotels across the globe.
The need to address real-time changes is critical in the Post-COVID world as the hospitality industry tries to tackle demand and price volatility. To solve for revenue optimization, IDeaS strengthened its existing partnership with RateGain whereby RateGain dynamic data is now integrated with IDeaS applications. The partnership will help hotels now access accurate and real-time data at scale through RateGain’s OPTIMA, powered by AI-driven dataSURE, which ensures up to 99% data sufficiency. In addition, hotels will also get access to industry-leading features such as Cluster Dashboards, Airbnb insights, Geo Source tracking, LoS restrictions tracking and Lightning refresh.
“This partnership allows IDeaS’ clients to improve operational efficiency, receive on-the-go updates, and optimize revenue management strategies against their comp set by leveraging real-time market data. As RateGain and IDeaS continue to solve the day-to-day business challenges hotels encounter, products such as Optima ensure our mutual clients have access to real-time competitive rates, knowledge of market positioning, and an understanding of how the market is behaving in terms of events, Airbnb supply, and competitive promotional plans. This enables hotels to make informed decisions to boost bookings before it’s too late,” said Joseph Martino, Chief Business Development Officer, IDeaS.
Commenting on the partnership, Chinmai Sharma, President Americas, RateGain, said, “We have enjoyed an outstanding relationship with IDeaS over the years, and this collaboration will further enhance this partnership. In the Post-COVID world, Pricing teams need help in getting a real-time view of the market and through this integration, we aim to both reduce the effort and improve their ability to monitor the market. RateGain has clocked up to 99% sufficiency while providing rate shopping data via this new connectivity. We are certain hoteliers would see an immediate benefit from this new partnership.”
IDeaS, a SAS company, is the world’s leading provider of revenue management software and services. With over 30 years of expertise, IDeaS delivers revenue science to more than 15,000 clients in 143 countries. Combining industry knowledge with innovative, data-analytics technology, IDeaS creates sophisticated yet simple ways to empower revenue leaders with precise, automated decisions they can trust. Results delivered. Revenue transformed. Discover greater profitability at ideas.com.
Certain statements in this release are forward-looking statements, which involve some risks, uncertainties, assumptions, and other factors that could cause actual results to differ materially from those in such forward-looking statements. All statements, other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to the statements containing the words ‘planned,’ ‘expects,’ ‘believes,” strategy,’ ‘opportunity,’ ‘anticipates,’ ‘hopes’ or other similar words. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding impact of pending regulatory proceedings, fluctuations in earnings, our ability to manage growth, intense competition in IT services, data services and consulting services including those factors which may affect our cost advantage, wage increases in India, customer acceptance of our services, products and fee structures, our ability to attract and retain highly skilled professionals, our ability to integrate acquired assets in a cost-effective and timely manner, time and cost overruns on fixed-price, fixed-timeframe contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, the success of our brand development efforts, liability for damages.
RateGain is a leading provider of SaaS products, which help travel and hospitality companies with cognitive revenue management, smart e-distribution, and brand engagement to make more revenue every day. RateGain is proud to support 250,000+ hotel properties globally by providing 240 billion rate and availability updates & powering over 30 Million bookings. RateGain is trusted by 25 out of the top 30 OTAs, world’s fastest-growing airlines, 23 of the top 30 hotel chains, tour operators and wholesalers, all top car rental companies, largest cruise lines, and the largest travel management companies. In 2018, RateGain acquired DHISCO, which made it the only company in the world to offer end-to-end smart Distribution. In June 2019, RateGain acquired award-winning BCV to offer guest experience cloud to maximize guest lifetime value for hospitality chains. For more information, visit https://rategain.com.