RateGain revenue optimization products will enable the hospitality industry to increase their revenue by multi-fold.
Cinnamon Hotels & Resorts, a prestigious chain of distinct hotels and resorts in Sri Lanka and the Maldives, recently announced it has selected RateGain’s leading products; PriceGain and RezGain to take its price intelligence and channel management to the next level for their Sri Lanka Resorts sector. It plans to implement a healthy balanced pricing strategy to maximize its revenues in real-time and maintain a competitive edge.
The hospitality-lifestyle brand caters to thousands of customers every year from around the world and has set aggressive business goals, including increasing asset value and profitability for its franchises.
RateGain helps Cinnamon Hotels compare constant tactical pricing trends at a very granular level via PriceGain, its comprehensive rate intelligence tool. PriceGain’s real time report generation quickly gathers intelligence on up-to date transient rates and optimize them to fit into Cinnamon’s competitive set. RateGain further distributes these optimized prices on multiple OTAs and eases the task of creating promotions and discounts across social media with the help of its channel manager, RezGain.
Kamesh Shukla, S.V.P. Sales at RateGain commented “Sri Lanka is a growing online travel market and we are excited to get into an agreement with Cinnamon Hotels and Resorts. RateGain has been successful in providing its customers with simplified, accurate, and comprehensive data expeditiously. Our ability to monitor pricing from thousands of channels including hotel brand sites, OTAs and metasearch sites in real-time empowers the hotels.”
About Cinnamon Hotels & Resorts
Cinnamon Hotels & Resorts is a distinct and diverse chain of hotels and resorts in Sri Lanka and Maldives. Launched in 2005, the chain currently comprises of fourteen properties, which includes three city properties in Colombo, eight resorts around Sri Lanka and three resorts in the Maldives. The chain bestows legendary Sri Lankan hospitality through comfort, creativity, discovery and inspired living.