Tips & Best Practices for Hospitality & Travel Professionals | RateGain Blog

With airlines in acute need of capital, revenue and pricing managers will need a change in their approach and working model in the new normal to reorient the airline revenue management framework Restricted movements across the world due to the COVID-19 pandemic have severely affected the airline industry, making 2020 one of the worst years in its history since 9/11 attacks and 2008 global financial crisis combined. With an 85% decrease in global air travel, a rep...

Donna Choate discovered a car rental subscription program by accident. She needed a new car, but she wanted to avoid the hassle of ownership — the auto loan, insurance and maintenance. Was there something that let her skip all of that? That's when Choate, a podcaster from Atlanta, heard about Hertz My Car, a new option that's billed as an alternative to vehicle ownership and leasing. For $1,100 a month, which includes the cost of the vehicle and basic insuranc...

EXCLUSIVE: New data suggests a widening red state/blue state travel divide America doesn't just vote along party lines. It travels on them, too. That's the conclusion of a controversial new study by RateGain, a software company that specializes in travel. It crunched hotel reservation data for Thanksgiving week and compared it to the same period a year ago. And what it found was surprising. The red state/blue state divide extends to travel — and it might do mor...

RateGain software helps businesses to stay competitive and capture business in these challenging times (Photo of Thessaloniki market by H Kakarouhas). News from travel technology: RateGain This week we look at the role of travel technology and how it can help organisations to win business and stay competitive in the post covid environment. We talk with Barcelona based Fritz Müller, Vice President of Enterprise Clients at RateGain. Thanks to their extensive data co...

Skift Global Recovery Index, which provides granular insights on travel and hospitality industry recovery, shows that currently, we stand at 42% recovery compared to last year. The recovery index is growing week-on-week, but it is still a long journey ahead. The COVID-19 pandemic has left the Travel and Hospitality industry in a state of disturbance, confusion, and uncertainty. The challenges faced by hoteliers are multi-faceted. In simple words, it can be put as to...

Efficient distribution is fundamental for the long-term health of your hotel chain. Getting each property’s inventory in front of the right guests at the right time at the right price means that you can convert more guests and enjoy profitable revenue management. Managing distribution efficiently requires a unique skill that combines a nuanced approach with a deft touch and a data-driven mind. It is a superpower really; the ability to tailor your distribution so ...

Mantras for Success The most preferred way to succeed is to choose a ZigZag path, and that means learning from various roles. One should get into a position, squeeze out the most from that, and then move to another one to learn something new. Doing this will eventually lead to the identification of the most appropriate role. Persistence is key to success. Showing tenacity and endurance helps us in the market place by preparing well for the future. Timing is everythin...

In the past, exploring opportunities in new source markets and demand channels came with both risk and time-consuming implementations on the part of the hotelier. To start, the exploration in itself was challenging, blind, and often left to vague promises and hope. It was hard to know what channels were producing, what the real target audience was, and what their buying power was. In simple words, “is this audience a good fit for my hotel, and will the revenue gener...

Go back to your last vacation! I, of course, don’t intend to make you feel bad, but think of why you planned it? Who told you about the attractions? Places to visit? There is a 50-50 chance that you either got inspired by Instagram or were influenced by a friend who went for that trip. However, with the situation changing so dynamically, it is difficult to plan based on the experiences shared by our loved ones. This, of course, is a cause of concern for Hotels as...