January 06, 2020, Beijing : RateGain Technologies, the market leader in hospitality and travel technology solutions, today announced that it has been selected by HaoQiao International for DHISCO Switch Connectivity and RezGain Channel Manager to access 125,000+ properties and 1,500+ demand partners.

With a goal to establish itself as a leader in the B2B hotel reservation industry and expand the business scope to Travel Destination market, HaoQiao needed a partner that not only connects them to biggest hotel chains but also with largest supply partners across the globe. RateGain provides top-notch connectivity solutions to achieve frictionless distribution. DHISCO Connectivity is a solution for any circumstance with a comprehensive set of flexible connectivity options. It is always available for its booking and shopping solutions, consistently reliable despite 130% increase in transaction volume and realizes consistent transaction times of <50 milliseconds in its environment. With RezGain, the smart channel manager, HaoQiao would achieve 99.9% accuracy of rates pushed through channels, reliable connectivity with >99.5+ % success rates and automated mapping ensuring 100% mapped rates. Using RateGain’s Smart Distribution platform, HaoQiao would also be able to accelerate global B2B business expansion by simplifying contracting and setup processes, getting top-grade enterprise market analytics and 80% reduction in mapping effort-using AI enabled mapping recommender.

“We wanted a partner that not only helps us with worldwide expansion but also has a strong reputation of meeting agreed commitments to partners. Connection to multiple demand and supply partners needs flexibility to connect to multiple interfaces, 99%+ availability round the year, reliability under peak volumes, agility and scalability. DHISCO switch and RezGain channel manager provides all of them and hence, RateGain was our partner of choice after a stringent evaluation”, said Mr. Fisk Yu, CEO, HaoQiao.

DHISCO Connectivity comes with virtually any configuration including seamless, ARI push, shop-to-push and shop-to-cache with change discovery and notifications features. It provides access to 200,000 + properties and 1,500+ demand partners across 191+ countries. RezGain centralizes distribution, adjusts according to demand and updates inventory and rates with utmost accuracy. As a result, channel management is automated, which in turn, saves time and resources, reduces error rates and avoids overbooking. The synergy of DHISCO and RezGain would help HaoQiao to achieve distribution speed and efficiency”, says Apurva Chamaria, Chief Revenue Officer, RateGain.

About RateGain:

RateGain is the #1 provider of SaaS products, which help travel, and hospitality companies make more revenue every day. RateGain offers products, which help with rate intelligence, cognitive revenue management, smart e-distribution, and brand engagement. RateGain is proud to support 125,000+ hotel properties globally influencing 13 Bn $ revenue by providing 240 billion rate and availability updates & powering over 30 Million bookings. RateGain is trusted by 25 out of the top 30 OTAs, tour operators and wholesalers, 23 out of the top 30 hotel chains, 7 out of the top 10 car rental companies, top 5 cruise lines, and many leading airlines worldwide. In 2018, RateGain acquired DHISCO, which made it the only company in the world to offer end-to-end frictionless distribution. In June 2019, RateGain acquired award-winning BCV to offer guest experience cloud to maximize guest lifetime value for hospitality chains.
For more information, visit www.rategain.com

About HaoQiao:

Relying on its convenient, advanced, intelligent search technique, haoqiao.com has established cooperation relationship with over 420 upstream suppliers and consolidated 1,000,000 hotels from 220 countries. Nowadays, it provides over 20,000 distributors from time to time with in-depth search, membership management, payment on account, timely confirmation, 7*24h customer support and other professional services. Haoqiao.com carries out cooperation with travel agencies by means of B2B and API. Any travel agency may apply for a haoqiao.com account to use haoqiao.com (website+App) booking. The travel agencies may also apply for API service. Meanwhile, haoqiao.com carries out cooperation with suppliers by means of API connection and e-Booking with stable interface and excellent user experience.
For more information, visit www.haoqiao.com

Forward-looking Statements:

Certain statements in this release are forward-looking statements, which involve some risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those in such forward-looking statements. All statements, other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to the statements containing the words ‘planned,’ ‘expects,’ ‘believes,’’ strategy,’ ‘opportunity,’ ‘anticipates,’ ‘hopes’ or other similar words. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding impact of pending regulatory proceedings, fluctuations in earnings, our ability to manage growth, intense competition in IT services, data services and consulting services including those factors which may affect our cost advantage, wage increases in India, customer acceptance of our services, products and fee structures, our ability to attract and retain highly skilled professionals, our ability to integrate acquired assets in a cost-effective and timely manner, time and cost overruns on fixed-price, fixed-timeframe contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, the success of our brand development efforts, liability for damages.

For further details, please contact:
Ankit Chaturvedi
AVP Marketing -RateGain
+91 9654502760

Mia Zhang
Head of Marketing, Haoqiao
+86 010-62016080-8003