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What Makes Rategain The Best Travel Technology Solutions Provider In The Market - Technology Market - Nairaland

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What Makes Rategain The Best Travel Technology Solutions Provider In The Market by erricravi(m): 11:14am On Feb 07, 2020
The travel industry has undergone a massive shift in the past ten years or so. As with many industries, the internet has truly changed everything. Gone are the days when one had to put ads in the local newspaper to attract customers or maintain a lot of paperwork to manage finances and bookings. Of course, one can still utilise these methods, but using a traditional approach like this is not going to be enough to thrive in a competitive environment.

If one has to taste real success as a travel & hospitality company in 2020, they need to focus on several technologies to stay ahead of their competitors. Keeping in mind the demands of the travel industry, RateGain, a leading travel technology company has come up with travel technology solutions using an AI-driven revenue management tool for rate intelligence, frictionless travel distribution and guest experience cloud-based solutions thus helping customers across the world in building strategies to unlock new revenue every day.

RateGain is the #1 digital partner to engage the connected traveller and help the distribution manager, and revenue manager overcome the challenges of a dynamically changing industry.

Let’s look at some of the travel software solutions provided by RateGain:

Rate Parity

As more digital touchpoints continue to engage the travellers, it becomes crucial for suppliers and demand partners to stay in sync of delivering the right price across every channel. Thus Rate Parity helps in:

● Maintaining Parity across all channels
● Detect the violations and validate it
● Provide meta visibility
● Define strategies to minimise revenue loss
● Enhancing the brand reputation

Revenue Management System

As competition increases with online bookings, response to market shifts and changes has never been so imperative. Especially for small and medium-sized enterprises having small teams, it gets tough to prioritise between day to day operations and building a robust revenue strategy at the same time. To effectively chart out a strategy for both, a revenue management system comes to the rescue, thus helping in:

● Real-time analysis of the demand and supply of the market
● Rate recommendations based on real-time and historical data
● Key Performance data - compared to revenue goals
● Revenue estimates
● Clustered dashboard to track all properties
● Competitor rate intelligence
● Highlighting days which can yield better revenue using a market compression indicator.

Competitor Rate Intelligence

RateGain offers real time rate intelligence to assess competition in the market and provides recommendations based on recent market shifts and lets you decide on the price. Their rate intelligence products sources the data from public databases and websites accessed by the new age traveller. They provide solutions to OTAs, Package Providers, Airlines, Hotels, Car Rentals and cruise lines. The price points given using the tool helps revenue managers to make various decisions and thus reducing guesswork.

Distribution Channel Manager

RateGain offers travel sellers, such as wholesalers, OTAs, TMCs, and GDSs access to the world’s most extensive inventory of accommodation providers. Thus helping them grow by increasing their offerings and giving travellers more choices. This smart channel manager helps in the following ways:

● Taps into industry’s largest ecosystem of demand channels
● Travel sellers get access to more than 125000+ hotels
● To easily connect to DHISCO SWITCH and grow hotel partnerships instead of resource-intensive and restrictive direct connections.

Guest Experience Cloud Platform

An industry first platform to enhance guest experience and maximise their lifetime value, RateGain’s guest experience cloud platform combines their social media analytics capabilities and revenue management and distribution solutions to bring all verticals into one common offering. The platform creates profiles of guests based on their likes, dislikes and lets hotel owners place them at the center of the revenue strategy. Since social media plays a huge role in maintaining online reputation, the dashboard also highlights interactions and conversations based on sentiment which helps in crisis management and mitigating future occurrences of negative experiences.

The travel industry is always evolving, which means travel companies should keep themselves updated with the methods, technology, software, and trends. To stay competitive in this highly dynamic market, companies need to focus on leveraging next gen products and solutions. RateGain is the only software provider in this segment offering a variety of products for the entire hospitality industry which makes it the best travel technology software solutions provider in the market.

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