HotelKey Enhances Distribution Capabilities with RateGain

RateGain Travel Technologies Limited (RateGain), a global provider of SaaS solutions for travel and hospitality, today announced that HotelKey, a leading hospitality platform, has selected RateGain to enhance its distribution capabilities. HotelKey will utilize RateGain for seamlessly connecting to GDS systems and other demand partners.

RateGain's connectivity solutions today connect to all the leading GDS systems of the world and power over 20% of all GDS transactions across all leading hotel chains. RateGain also helps enterprises with a more agile and tailored migration strategy that will enable HotelKey to perform a property-by-property migration, minimizing large-scale disruptions during the migration process.

"RateGain offers unparalleled capabilities for connecting with GDS, with decades of expertise," said Fareed Ahmad, Co-founder and CEO at HotelKey. "With RateGain's GDS connectivity, HotelKey will offer hoteliers the convenience of using our chain codes and systems for direct distribution to GDS and other demand partners. This collaboration saves time and costs for hoteliers and reinforces HotelKey as a leading hospitality company with its own GDS chain code and efficient distribution capabilities to demand partners worldwide."

Along with other benefits, RateGain's +99.5% uptime and accuracy, 24x7 support, and tableaupowered reporting allow users to analyze integration performance and swiftly address any issues.

Peter Strebel, President (Americas) at RateGain, expressed his enthusiasm for the collaboration, stating, "HotelKey's vision to empower hoteliers with efficient and streamlined distribution solutions aligns seamlessly with RateGain's commitment to providing cutting-edge connectivity. We are proud to contribute to HotelKey's global success and look forward to further enhancing their capabilities."

This partnership marks a significant milestone for both HotelKey and RateGain as they continue to redefine standards in the hospitality technology landscape, providing hoteliers with innovative solutions for global distribution.

Shares of Rategain Travel Technologies Limited was last trading in BSE at Rs. 769.40 as compared to the previous close of Rs. 833.30. The total number of shares traded during the day was 17913 in over 1767 trades.

The stock hit an intraday high of Rs. 834.10 and intraday low of 759.95. The net turnover during the day was Rs. 14191168.00.

Source : Equity Bulls

Keywords

RateGainTravelTechnologies INE0CLI01024 SaaSSolutions Travel Hospitality HotelKey