February 6, 2020, Europe : RateGain, a leader in hospitality and travel technology, is excited to share that its OPTIMA MarketDRONE product has been awarded with the Best Technology Innovation of the Year by HSMAI Europe during their annual ROC and Awards in London on January 28th, 2020.
OPTIMA MarketDRONE is a first of its kind, Artificial Intelligence enabled, cloud-based solution that tracks intra-day rates and rate plan changes by hotels in real-time. The product is enabled to push the real time updated rates in an automated fashion to Revenue Managers on a device of their choice. It is the only product in the market that provides instant alerts to Revenue Managers for real-time rate change and empowers them to respond to changes as they occur hence maximizing revenue. The product comes with an easy to navigate user interface.
The judges were industry veterans who consisted of experts such as Carl Weldon – COO Europe HFTP, Amanda Elder – CCO Kempinski Hotels, Kai Holmberg – Partner Unfold and Matthew Stephens – MD eHotelier. They said, “The jury was impressed with RateGain’s innovative solution OPTIMA MarketDRONE. This product provides the hotel industry with a unique solution to a constant problem of staying ahead of competition. The product is built upon the new-age technologies such as Artificial Intelligence and cloud. It a good example of hotel technology innovation.”
“We are honored to be selected as the winner. This award is a validation of the importance that we give to innovation. OPTIMA MarketDRONE is the result of our product and R&D teams working in unison with our customers to provide a highly dynamic yet simple to use product that clearly drives revenue higher. This is a great example of RateGain’s collaboration with our customers – solving complex needs through ease of delivery using Artificial Intelligence. With OPTIMA MarketDRONE revenue managers can be assured of staying on top of competitive landscape,” says Harmeet Singh, CEO, RateGain.
“HSMAI Region Europe have launched several initiatives aimed at marketing our industry with a view to recruiting and retaining the best talents. We are proud of how the industry is evolving and of the stellar work many companies, such as RateGain are doing to take their brands and their people and customers forward,” says Ingunn Hofseth, President and CEO of HSMAI Region Europe.
About HSMAI Europe
HSMAI is a global organization founded in the US in 1927. HSMAI Region Europe is the European arm of the organisation.
After having been active in Europe for many years on National levels, HSMAI Region Europe became a true PAN-European organisation at the end of 2015. Their European Office was relocated to London by the end of 2018.
HSMAI Region Europe is committed to growing business for the hotel, event and travel industry and their partners, and is the industry’s leading advocate for intelligent, sustainable revenue growth on a local, national and European level. The association provides practical tools, insights, and cutting edge expertise to enable knowledge sharing and enhance professional development as well as fuel sales, inspire marketing, transform businesses digitally and optimise revenue.
For more information about HSMAI Region Europe, please visit us at https://hsmai.eu/
About RateGain:
RateGain is a leading provider of SaaS products, which help travel and hospitality companies with cognitive revenue management, smart e-distribution, and brand engagement to make more revenue every day. RateGain is proud to support 125,000+ hotel properties globally by providing 240 billion rate and availability updates & powering over 30 Million bookings. RateGain is trusted by 25 out of the top 30 OTAs, world’s fastest-growing airlines, 23 of the top 30 hotel chains, tour operators and wholesalers, all top car rental companies, largest cruise lines, and the largest travel management companies. In 2018, RateGain acquired DHISCO, which made it the only company in the world to offer end-to-end smart 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
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.
Ankit Chaturvedi
AVP Marketing -RateGain
ankit.chaturvedi@rategain.com
+91 9654502760
