(11 Feb 2021) RateGain Technologies has formed a global strategic partnership with IDeaS, a leading provider of revenue management solutions for the hospitality industry, to deliver real-time and AI-powered rate intelligence to more than 100,000 hotels across the globe.
The partnership will help hotels access accurate and real-time data at scale through RateGain’s OPTIMA, powered by AI-driven dataSURE, which ensures up to 99% data sufficiency.
Also, OPTIMA gives hotels access to features such as Cluster Dashboards, Airbnb insights, Geo Source tracking, LoS restrictions tracking, and Lightning refresh.
“This partnership allows IDeaS’ clients to improve operational efficiency, receive on-the-go updates, and optimize revenue management strategies against their comp set by leveraging real-time market data,” said Joseph Martino, Chief Business Development Officer, IDeaS. “As RateGain and IDeaS continue to solve the day-to-day business challenges hotels encounter, products such as Optima ensure our mutual clients have access to real-time competitive rates, knowledge of market positioning, and an understanding of how the market is behaving in terms of events, Airbnb supply, and competitive promotional plans. This enables hotels to make informed decisions to boost bookings before it’s too late.”
Chinmai Sharma, President Americas, RateGain, added, “In the Post-COVID world, pricing teams need help in getting a real-time view of the market and through this integration, we aim to both reduce the effort and improve their ability to monitor the market. RateGain has clocked up to 99% sufficiency while providing rate shopping data via this new connectivity. We are certain hoteliers would see an immediate benefit from this new partnership.”