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 providing revenue management solutions to more than 100,000 hotels in real time and AI-powered rate information deploy the globe.
The need to take real-time changes into account is critical in the post-COVID world as the hospitality industry seeks to cope with fluctuations in demand and price. To optimize sales, IDeaS has strengthened its existing partnership with RateGain, with RateGain’s dynamic data now being integrated into IDeaS applications. The partnership will now help hotels to access accurate and real-time data on a large scale via RateGains OPTIMA, which is based on AI-controlled dataSURE, thereby ensuring a data supply of up to 99%. In addition, hotels get access to industry leading features like cluster dashboards, Airbnb insights, geo source tracking, LoS restriction tracking and Lightning updates.
“This partnership enables IDeaS customers to improve operational efficiency, get updates on the go, and optimize revenue management strategies based on their real-time market data. As RateGain and IDeaS continue to solve day-to-day problems, companies like Optima make sure That our mutual customers have real-time access to competitive rates, knowledge of market positioning and an understanding of how the market is doing in terms of events, Airbnb offerings and competitive promotional plans enables hotels to make informed decisions about bookings speed up before it’s too late, “he said Joseph Martino, IDeaS Chief Business Development Officer.
Comment on partnership, Chinmai Sharma, President Americas, RateGain“We have built an excellent relationship with IDeaS over the years and this collaboration will further enhance that partnership. In the post-COVID world, pricing teams need help getting a real-time view of the market and through this integration we both want to reduce the effort as well as improve the ability to monitor the market. RateGain has achieved sufficient availability of up to 99% and is offering rate purchase data through this new connectivity. We are sure that hoteliers would benefit immediately from this new partnership. “
About IDeaS
IDeaS, a SAS company, is the world’s leading provider of revenue management software and services. With over 30 years of experience, IDeaS delivers Revenue Science to more than 15,000 customers in 143 countries. Combining industry knowledge with innovative data analysis technology, IDeaS creates sophisticated yet simple ways to enable sales leaders to make precise, automated decisions they can trust. Results delivered. Transformed sales. Discover higher profitability at ideas.com.
Forward-Looking Statements
Certain statements in this press release are forward-looking statements that involve certain risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those expressed in such forward-looking statements. All statements, other than historical facts, are statements that may be considered forward-looking statements including, but not limited to, statements containing the words “planned,” “expects,” “believes,” “strategy”, “opportunity” contain. “anticipates”, “hopes” or other similar words. The risks and uncertainties associated with these statements include, but are not limited to, risks and uncertainties regarding the effects of pending regulatory proceedings, fluctuations in earnings, our ability to manage growth, and intense competition in IT services, data services and advisory services, including these factors This can have an impact on our cost advantage, wage increases in India, customer acceptance of our services, products and fee structures, our ability to attract and retain highly qualified professionals, our ability to integrate acquired assets inexpensively and in a timely manner, in terms of time and cost overruns Fixed price contracts, contracts with fixed time frames, customer concentration, immigration restrictions, our ability to manage our international operations, a lower demand for technology in our main focus problems, disruptions in telecommunications networks, our ability to successfully complete and integrate potential acquisitions, the success of our brand development efforts, liability for damage.
About RateGain
RateGain is a leading provider of SaaS products that use cognitive revenue management, intelligent e-distribution and brand loyalty to help travel and hotel companies generate more revenue every day. RateGain is proud to support 250,000+ hotel properties worldwide by providing 240 billion price and availability updates and making over 30 million bookings. RateGain is trusted by 25 of the 30 largest OTAs, the world’s fastest growing airlines, 23 of the 30 largest hotel chains, tour operators and wholesalers, all of the leading car rental companies, the largest cruise lines and the largest travel management companies. In 2018 RateGain acquired DHISCO, making it the only company in the world that offered end-to-end intelligent distribution. In June 2019, RateGain acquired the award-winning BCV to offer a Guest Experience Cloud that can maximize the value of guest lifetime for hotel chains. For more information, visit https://rategain.com.
