20th November, 2019, Miami : RateGain, the #1 SaaS player in travel and hospitality, today announced that Norwegian Cruise Line (NCL), a pioneer in cruise line innovation for more than five decades had selected RateGain to deliver comprehensive competitive price intelligence to deliver on their pricing strategy and gain market share.
Norwegian Cruise Line would get accurate and tailored competitive price intelligence using RateGain’s dedicated product for cruise lines to deliver the best rates to NCL’s loyal customers. These actionable insights would help the revenue management team validate their pricing strategy along with improved fleet management and utilization.
“Our RateGain partnership has enabled us to capture, cleanse, and organize global cruise industry competitor price intelligence used by our analytical models within just a few months. While I have seen several vendors come and go in this space in recent years, RateGain remains engaged across multiple, diverse industries, which informs the continuous innovation in extraction technology, and the delivery of quality at scale that my organization expects”, commented Mitchell Peacock, Vice President, Enterprise Analytics and Data Strategy, Norwegian Cruise Line.
RateGain is the only provider of competitive price intelligence across six parameters which is trusted by the leading cruise liners of the world, tracking rates for more than 50% of the ships in the world.
Commenting on the partnership, Apurva Chamaria, Chief Revenue Officer, RateGain, said, “The Cruise Industry has grown by over 76% in the last ten years and will add US $ 12 billion in revenue by 2020. The key focus for the industry is to capture this new demand by offering the best rates. We are excited that Norwegian Cruise Line selected RateGain as a partner in their effort to modernize their revenue management practice and unlock new revenue every day.”.
About Norwegian Cruise Line:
Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) is a leading global cruise company which operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. With a combined fleet of 26 ships with approximately 54,400 berths, these brands offer itineraries to more than 450 destinations worldwide. The Company will introduce eleven additional ships through 2027.
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 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
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:
AVP Marketing -RateGain