Press release
Lowcostbeds.com selects RateGain’s price intelligence service
Online holiday packages provider to leverage RateGain’s HotelGain solution to monitor prices of its competitorsCHICAGO (January 10, 2006) – RateGain (rategain.com), a leading US-based software services company providing web-based competitive price intelligence to the travel industry, has announced that online holiday packages provider Lowcostbeds.com has chosen its HotelGain solution for online travel agents.
As per the agreement, Lowcostbeds.com will use HotelGain to monitor prices of its competitors.
HotelGain Net Report is adept in providing a complete overview of the competitive market in one easy use interface. HotelGain has already emerged as an indispensable tool in overall revenue management, rate checking and channel management.
Bhanu Chopra, Chief Executive Officer, RateGain IT Solutions Private Limited, said: “We are delighted to announce that Lowcostbeds.com has chosen our HotelGain solution for monitoring prices of their competitors.”
Chopra added: “Combination of great marketing, ease of use of website and importantly great deals enable consumers to go for online travel bookings. However, all this can go in vain if online buyers aren’t offered the best or lowest price in today’s era of `price guarantee’ offering. So it’s imperative for online travel intermediaries like Lowcostbeds.com to be equipped with precise information on travel inventory and pricing of its competitors. That’s where an innovative company like RateGain helps our clients to guarantee the best to their customers. Through our HotelGain price intelligence service, we enable clients like Lowcostbeds.com to adopt optimal pricing strategy.”
Paul Evans, the founder of Lowcostbeds.com, said, “RateGain’s price intelligence service will help us assess and adjust our hotel pricing in a highly competitive marketplace to enable us to place a price guarantee on our inventory.”
With the HotelGain solution, the clients not only have the base price but also have the capability to “slice and dice” it for finding trends. Proactively, one can have information about variance in inventory pricing vis-à-vis competitors, finding out which is the cheapest hotel under each star segment, what is the status of the inventory on competitors websites, how many properties are priced lower or higher to client’s competitor and much more.
Chopra said, “Apart from that you have the flexibility to set business rules through which you could have simple e-mail alerts whenever a specific price or an inventory threshold changes on the competitor websites. These reports can be fully customized to client specifications to the extent that you could directly integrate it to your internal applications via a XML hook, have the reports in Excel and additional trend analysis features on client requests.”
Salient features of the HotelGain Net Report:
· Real time tool - That tracks your competition over different websites including branded and regional websites anytime anywhere.
· Dataviews – helps in understanding demand supply and price trends.
· Archives – All the previously run reports are archived online.
· Price Alerts – Price movements delivered on mobile or e-mail which are easy to use with customized search filters.
· Discussion forum – Enables sharing of reports with colleagues online.
Meet RateGain team in forthcoming trade events:
FITUR - Madrid - Jan 25 - Jan 29, 2006 - Stand# 8E 501 (Pavilion 8)
TRAVEL TECHNOLOGY SHOW - London - Jan 31-Feb 1, 2006 - Stand# 560
ITB - Berlin - March 8th - March 12th, 2006
About RateGain:
RateGain is a leading US-based software services company providing web-based competitive price intelligence to the travel industry. The company specializes in rate shopping tool with its portfolio comprising HotelGain for hotels and online travel agents, AirGain for airlines and CarGain for car rental companies. RateGain, with offices in Chicago and New Delhi, has over 100 employees.
Media contact:
Dush Mehta
RateGain
Email: dmehta@rategain.com
Tel: +1-312-238-9027
Website: www.rategain.com
Address:
635, N Dearborn,
Suite 1106
Chicago, IL 60610
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