RateGain Travel Technologies Limited ('RateGain'), a global provider of SaaS solutions for travel and hospitality, announced that Booking.com has recognized it as a Premier Connectivity Partner for the fifth year in a row.
Booking.com's Connectivity Partner Programme recognizes leading connectivity providers, including channel managers, property management systems, and other vendors, that maintain high-quality connections.
Booking.com and RateGain have been working together for over ten years with the aim of providing seamless connectivity between travelers and hotel properties across the world. As part of this partnership, the product teams worked together last year to launch Room-Rate Management API, a part of Product API promoted by Booking.com. It empowers distribution teams to seamlessly create or retrieve room rates directly from RezGain, a smart distribution hotel channel manager software from RateGain, without signing into Booking.com's extranet. This solves numerous bandwidth challenges for hoteliers already working with a reduced workforce post-covid. Partner properties can now push these room rates to the OTA for travelers to consume from RezGain.
Commenting on this achievement, Mark Haywood, General Manager / SVP- Europe, Brazil & Africa at RateGain, said, "the post-pandemic travel patterns are difficult to predict. To help hotels globally, RateGain and Booking.com have been working together to ensure that our partner properties can access the latest technology to make faster decisions and execute them seamlessly. We are delighted to be recognized as a Premier Connectivity Partner for the efforts we are putting in and hope that the work we do together can help the industry move forward after two years of pandemic."
RezGain is the channel manager of choice at 13k properties and is preferred at more than 60 chains globally. Besides displaying best-in-class performance metrics in terms of distribution, rates, and inventory, it helps unlock new revenue streams by discovering new demand sources, expediting contracting to new channels, and benchmarking against similar properties in the region using a capability called Smart Distribution.
"We are pleased to have RateGain as a Premier Partner in 2022. This status recognises RateGain among our top providers in the Connectivity Partner Program, having delivered outstanding performance for connected accommodations while offering the widest range of Booking.com features via the RateGain platform", said Reece Evans, Area Manager Connectivity (APAC) at Booking.com
Shares of Rategain Travel Technologies Limited was last trading in BSE at Rs. 351.65 as compared to the previous close of Rs. 360.35. The total number of shares traded during the day was 15228 in over 765 trades.
The stock hit an intraday high of Rs. 359.25 and intraday low of 347.85. The net turnover during the day was Rs. 5354735.00.