RateGain Technologies, today announced that it has been chosen by Newmark Hotels, Reserves & Lodges, a leading South African boutique hotel management company, for its real-time rate intelligence solution, that would empower the Group in developing an effective rate strategy for all its properties and ultimately help them achieve the goal of revenue maximization.
The integration with RateGain’s Rate Shopper would allow the Group to leverage the power of price intelligence and take control of vital functions like rate intelligence, tracking of OTA ranks, access to market supply data, getting insights into comp-set & Vacation rentals pricing strategy, etc. Being able to scan rates across multiple OTAs and meta sites, the highly advanced solution would aggregate fresh market data at all times to provide actionable insights through interactive UX & UI. This would further enable the Group to take quick and efficient pricing decisions to ensure that they optimally price their inventory.
Commenting on the partnership, Paul Elliott, Head of Sales – RateGain Africa, said, “Newmark is one of the oldest and well-established chains of the South African market, and we are absolutely delighted to partner with them. Our advanced rate-tracking tool, Optima is built with the most superior technology base and would allow the Group to efficiently track OTA rankings, events, market supply etc that help the hotels to make best pricing decisions for all its properties and gradually attain greater profitability over the period of time. We look forward to delivering high-quality granular data to the hotel and contribute to their bottom line”
According to Ryan Roach, Director of Revenue at Newmark, “We are happy to commence our association with the leading technology solutions provider. The industry is evolving constantly, and pricing has assumed a paramount role in the current scenario. RateGain, with their customized rate intelligence solution, powerful data analytics, and robust product development team would help us plan our prices in a faster and more accurate way as per the market situation, and help us stay ahead of our competition. We can’t wait to see positive results out of this association.”
RateGain launched Optima in October 2016, with an aim to offer advanced pricing solutions, with new age features like mob rates, AirBnB, Geolocation price tracking, to the hospitality industry, enabling their faster and effective growth with time.
Newmark Hotels, Reserves & Lodges is a boutique hotel management company with a heritage spanning over 40 years. Headquartered in Cape Town, South Africa, the company consists of a wide portfolio of boutique hotels and lodges including the Victoria & Alfred Hotel, Dock House Boutique Hotel & Spa, Queen Victoria Hotel, La Splendida Hotel, Motswari Private Game Reserve, Nkomazi Game Reserve, Drostdy Hotel and Chuini Zanzibar Beach Lodge.
For more information, please visit www.newmarkhotels.com .
Founded in 2004, RateGain is a leading provider of cloud-based innovative solutions for the Travel and Hospitality industry. RateGain provides the latest technology in the field of Revenue, Reputation and Online distribution. With continued innovation and excellence in customer focus, the company serves over 12,000 clients and numerous industry partners globally.
For more information, please visit www.rategain.com