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Flyr Partners with RateGain to Offer Hoteliers with a holistic solution for AI‐Driven Rate Optimization across Distribution Channels



Posted On : 2024-02-28 15:02:39( TIMEZONE : IST )

Flyr Partners with RateGain to Offer Hoteliers with a holistic solution for AI‐Driven Rate Optimization across Distribution Channels

RateGain Travel Technologies Limited (RateGain), a global provider of SaaS solutions for travel and hospitality, today announced a global partnership with FLYR, an AI-powered travel technology provider. The partnership brings together RateGain's channel management and distribution solutions with FLYR's AI-powered Revenue Optimization System (RMS) to help hotels improve their revenue.

This partnership will provide hotels on Flyr with a holistic, integrated system they need without having to log on to multiple or disparate platforms thereby increasing operational efϐiciency and reducing operational costs, while providing accurate and rich insights.

Commercial teams will be able to easily access real-time market data, shop at competitors' member rates and multiple points of sale including mobile apps and brand.com, and monitor rate parity - all within the Revenue Management Systems platform itself.

The collaboration extends further with the integration of RateGain's Navigator, a rate insights platform. Navigator enriches the user experience with features such as cluster views, identiϐication of high-demand dates, and machine learning capabilities to address data sufficiency issues. Empowering hoteliers with actionable insights derived from comprehensive parameters including demand trends, competitive rates, and rate parity, Navigator meets the evolving needs of the industry.

"In today's market, hotels need holistic solutions that offer comprehensive forecasting, pricing, and distribution management tools," said Peter Strebel, President of Americas, RateGain. "FLYR's deep expertise in artiϐicial intelligence, automation, and commercial optimization tools makes it the perfect ϐit to accelerate our capabilities. The main advantage for hotels is the synergy that will lead to better data, improved functions, and faster access to the newest features of rate shopping. This partnership will undoubtedly unlock new proϐitable opportunities for hoteliers to achieve higher ROI."

"Working with industry leaders like RateGain is integral to our strategic growth ambitions as FLYR continues to push the boundaries of innovation and foster deeper partner collaborations to deliver even greater value to our clients," said Jens Munch, CEO of FLYR Hospitality." By combining our strengths, we're conϐident that together, our cloud-based solutions will deliver highly successful outcomes for hotels looking to maximize revenue."

The partnership solution between FLYR and RateGain is now available to all existing and new customers. Hoteliers stand to gain from the combined advantages of these systems, which promise a more streamlined revenue management process, heightened efϐiciency, and enhanced performance. This partnership underscores the shared dedication of both companies to providing solutions that propel success within the hospitality sector.

Shares of Rategain Travel Technologies Limited was last trading in BSE at Rs. 833.10 as compared to the previous close of Rs. 821.10. The total number of shares traded during the day was 9654 in over 644 trades.

The stock hit an intraday high of Rs. 841.40 and intraday low of 823.05. The net turnover during the day was Rs. 8049136.00.

Source : Equity Bulls

Keywords

RateGainTravelTechnologies INE0CLI01024 GlobalPartnership FLYR