RateGain Travel Technologies rises on partnering with Royal Orchid Hotels

RateGain Travel Technologies is currently trading at Rs. 293.15, up by 2.55 points or 0.88% from its previous closing of Rs. 290.60 on the BSE.

The scrip opened at Rs. 292.95 and has touched a high and low of Rs. 297.25 and Rs. 291.65 respectively. So far 10139 shares were traded on the counter.

RateGain Travel Technologies

RateGain Travel Technologies

The BSE group ‘B’ stock of face value Rs. 1 has touched a 52 week high of Rs. 525.00 on 18-Jan-2022 and a 52 week low of Rs. 236.05 on 30-Jun-2022.

Last one week high and low of the scrip stood at Rs. 311.10 and Rs. 282.35 respectively. The current market cap of the company is Rs. 3204.70 crore.

The promoters holding in the company stood at 55.91%, while Institutions and Non-Institutions held 16.63% and 27.46% respectively.

RateGain Travel Technologies (RateGain) has been selected by Royal Orchid Hotels to drive profitability & better connectivity with bundled solution offering from RateGain. As one of India’s fastest growing hospitality chains with a wide footprint catering to leisure and business travelers, the Royal Orchid group is looking to capitalize on the excellent growth recovery with a strong upcoming festival season in India and inflow of foreign tourists. Royal Orchid Hotels will be implementing RateGain’s award-winning Rate Intelligence solutions bundled together with channel manager platform for reliable and improved connectivity to demand partners globally.

With a strong recovery in travel and the country reopening, short-term demand volatility continues to make it difficult for hotels to track market changes in real-time and identify opportunities to either maximize their margins during high-demand dates or manage the impact on bookings in case demand falls. Also, with new Online Travel Agents (OTAs) emerging globally and demand increasing across digital channels, hotel chains cannot afford to miss out on new demand emerging in different geographies across the world.

To counter these challenges and maximize revenue & occupancy opportunity, Royal Orchid Hotels has selected a bundled offering from RateGain, whose technology would provide them with real-time competitive pricing intelligence and improved connectivity to a wide network of OTAs globally. By leveraging the growing inter-operability of RateGain’s products, the Group was able to fulfil its requirements across Sales, Marketing & Distribution through a seamlessly integrated single platform.

RateGain Travel Technologies is among the leading distribution technology companies globally and it the largest Software as a Service (SaaS) company in the hospitality and travel industry in India.

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