Following are the highlights of the release:
- Cluster Dashboard: View multiple properties in a single dashboard through a highly intuitive interface which enables eyeballing rates across check in dates easier than ever before. The dashboard is equipped with a “Market Positioning Widget” giving you a graphical view of your price positioning vis-à-vis your competitors. A “Market Compression” indicator highlighting dates where you can yield better due to supply in the market going down and much more. All these insights are made available in an excel format as well for a consolidated view across properties.
- Iterative LOS: Gone are the days when you had to analyse rates across multiple LOSs to check if any of your competitors are putting min. LOS restrictions. With our new smart shopping capabilities, now you can easily identify minimum LOS rate restrictions placed by your competitors for obtaining higher yields on all your channels.
According to Bhanu Chopra, CEO, RateGain, “We are pleased to announce the introduction of the new Cluster Dashboard in our rate shopping tool, a unique feature that would help our clients analyse their competition in a quick, comprehensive way so that they respond quickly to the market changes. The launch of Cluster Dashboard is a response to the clients’ growing need to have all the important competitive real-time information bundled together at one place, without having the need to switch to different sections. We hope that the new feature adds value and the users make the most of it.”
Optima is RateGain’s advanced rate shopping tool, which offers comprehensive rate intelligence to a growing number of hotels across the globe by efficiently tracking all OTAs, meta-search sites and other leading platforms. The Product had recently introduced a ‘Lightning Refresh’ feature in Optima, which gave hotels access to real-time competitor rates across various distribution channels.
RateGain is a leading provider of cloud-based innovative solutions for the Travel and Hospitality Industry. RateGain provides the latest technology in rate intelligence, price optimization, seamless electronic distribution, and brand engagement. Founded in 2004, RateGain has 12,000 clients around the globe including hotels, online travel agents, airlines, car rental companies, cruise liners as well as tour operators and wholesalers like IHG, Melia Hotels International, Lufthansa, Expedia, Hertz Corporation, Priceline.com, Carnival Cruise, etc. Through our unwavering commitment to excellence and our guiding principles, we help hospitality and travel companies make more revenue every day
Certain statements in this release are forward-looking statements, which involve a number of 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 on our service contracts, the success of the companies /entities in which we have made strategic investments.