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

In an interview with BW Disrupt, Yogeesh Chandra- Global Head of Corporate Development, RateGain, talks about funding and monetization status, competitors, responses post lockdown and more. 1. How did the idea come to start the business? The idea of RateGain came after our Founder Bhanu Chopra embarked on his consulting career, where he would travel over the weekends with a limited budget and would look for the best deal online to do the maximum number of trips. ...

Kushal Kolthe, a senior revenue manager at holiday home rental company Vista Rooms, was put on leave without pay in late March. “Initially some of us were asked to take a sabbatical but as the Covid situation worsened, we were told to go on LWP. They were very upfront and transparent about it,” says the Mumbai resident. “Of course I wasn’t really happy about it but I understood it’s a difficult decision.” In the intervening months, Kolthe tried to start a brand with...

Visioning a Post-COVID Era in Revenue Management — Special Series This article was published as part of the Visioning a post-COVID Era Special Series Visit this viewpoint in the Hospitality Net's World Panel. I have heard about the need for Revenue Management in the industry circles during this pandemic. The logic is if we are running 20% occupancy, then do we even need a Revenue Manager? This old school approach forgets the critical commercial role that toda...

Improved Recovery in Mumbai and Delhi likely to help hotels open in September In the last update, we shared, we were hopeful of seeing a steady recovery in bookings and were certain that the government would allow hotels in the Delhi-NCR, Mumbai, and Bengaluru to operate. However the increase in cases in Bengaluru and the number of daily cases hovering around the 1000 mark in Delhi and Mumbai have made it difficult for the hospitality industry to make a strong case t...

The Indian hospitality industry is desperate for the revenge travel phenomenon to enter India. The sinister sounding term "Revenge Travel" gained momentum after people in China started travelling within the country to satiate their wanderlusting instincts amid the coronavirus travel bans. The Indian hospitality industry has been desperately awaiting for this phenomenon to happen in India and it remains to be seen, if or when it happens here. Here's what experts ...

As per a recent report released by Indeed, job searches for roles in the hospitality and tourism sector have been on the rise since May, coinciding with the easing of lockdown measures across the country. Searches by job seekers saw a 30 per cent increase between May and August 2020. In these times of turmoil giving way to transformation, HR leaders have developed creative means like hackathons and other brainstorming sessions to stimulate creativity, innova...

Although the fallout from COVID-19 has hit domestic travel hard, with the US Travel Association estimating $402 billion in cumulative losses since March, there is a silver lining in an increase in consumers wanting to travel locally. RateGain has found a 4x increase in staycations, in which consumers travel by car to a hotel located an average of two to four hours away, and expect this trend to continue into 2021. Hotels have a tremendous opportunity to capitalize o...

COVID-19 has had deep and far-reaching impact on the tourism industry. And, while the world waits for a universally-safe vaccine, most businesses – especially hotels – are starting to plan for the future. How will consumer tastes change as a result of the pandemic? The “new guest” of the immediate post-COVID era will have different needs and expectations of their hotel stay. Property managers can start building services and amenities that meet the demands of the ...