HotelKey, the leading cloud-based property management platform for hotels, announced a partnership with RateGain Travel Technologies Limited (RateGain), a global provider of SaaS solutions for travel and hospitality, to integrate RateGain's global distribution, central reservations, and pricing capabilities into HotelKey's PMS platform. The integration will roll out across HotelKey's portfolio of more than 4,000 properties, with hundreds of properties already accessing the combined capabilities.
"We are excited to bring RateGain's next-gen pricing and distribution capabilities to our partner hotels," said HotelKey Co-Founder and President, Aditya Thyagarajan. "RateGain is an unparalleled innovator, and bringing their revenue-generating capabilities to HotelKey's intuitive property management system is a huge plus for hotel owners and operators. We look forward to accelerating our partnership in the months ahead."
Through the collaboration, hotels on the HotelKey platform will see RateGain's pricing and distribution tools on the HotelKey platform. This will enable hoteliers to save time and achieve efficiencies, making better distribution decisions faster and, ultimately, saving money as well as building revenue.
"RateGain's mission is to generate more revenue every day for hotels, and we are delighted now to include hotels on the HotelKey platform among our partners," said Chinmai Sharma, President of the Americas at RateGain. "The HotelKey-RateGain partnership moves in the direction of providing a one-stop-shop for hoteliers looking for better ways to run their properties, train their employees, and maximize pricing, distribution, and revenue. We are excited to continue building out our collaboration with HotelKey."
Along with other benefits, HotelKey and RateGain's mobile-first API integration provides hoteliers with a seamless transition to the new offering, with each property gaining access to real-time inventory management and efficient oversight of third-party distribution and price parity across channels.
RateGain's platform is designed to help hoteliers grow revenues by improving pricing, generating more bookings, and optimizing conversions across distribution channels. RateGain works with 23 of the industry's top 30 hotel chains, and powers more than 191,000 hotels to unlock more revenue, acquire more customers, and provide outstanding on-property experiences.
Shares of Rategain Travel Technologies Limited was last trading in BSE at Rs. 344.95 as compared to the previous close of Rs. 366.10. The total number of shares traded during the day was 96803 in over 3360 trades.
The stock hit an intraday high of Rs. 366.60 and intraday low of 343.10. The net turnover during the day was Rs. 34443263.00.