JULY 19th, 2019, New Delhi: RateGain Technologies, the market leader in data and intelligence solutions for travel and hospitality, today announced that it has been selected by The Leela Palaces, Hotels and Resorts, commonly known as the The Leela, an award winning luxury hotel chain, for implementing Parity+, a faster and intuitive rate parity platform, to control its revenue leakage.
Leela is migrating from a competitive tool to RateGain for establishing parity in distribution landscape across demand channels. Parity+ is an end-to-end parity management product that would allow The Leela to configure smart rate shopping leveraging DHISCO data, automate wholesaler workflows reducing cost and time, benchmark capabilities, monitor meta channels, multiple POS, mobile apps and member rates, along with tracking real time parity issues. RateGain is the only company to offer a parity product, which is capable of auto fixing parity issues through smart distribution.
“RateGain’s delivery commitment, service offerings and deep expertise in hotel industry have been critical in our journey towards a successful enterprise,” said Mr. Merwin Dawson, General Manager – Revenue Management & Distribution at The Leela Palaces, Hotels & Resorts. “Parity+ caters to our rate parity concerns and assists in analyzing the recorded violations and acting upon them accordingly using a smooth and easy to use interface that has resulted in excellent business outcomes for us. The user experience and service response is something which outstands RateGain than anybody else in the market.”
Apurva Chamaria, Chief Revenue Officer, RateGain technologies commented, “We are proud to be associated with The Leela and it has been a rewarding journey. Parity+ will not only help The Leela in finding channels or properties facing maximum revenue loss due to parity issues, but also, as the only product will take automated corrective actions to resolve it. It will also enable The Leela to benchmark itself against other hotel companies, provide split dashboards for wholesale sites to distinguish parity scores between authorized and unauthorized sites, and with auto buzz and auto segmentation features will drive cost down and save time by closing loop with parity violators.”
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 The Leela Palaces, Hotels and Resorts:
Established in 1986, The Leela Palaces, Hotels and Resorts, owns and operates nine award-winning properties in major cities and magical leisure destinations across India. These include the flagship in the capital city of New Delhi, Mumbai, Bengaluru, Chennai, Gurgaon, East Delhi, Goa, Udaipur and Kovalam Beach, Kerala. Over the last three decades, The Leela group has been recognized for its unique identity among the world’s leading hotels, and received numerous accolades by prestigious publications and industry groups around the globe. Each property is a market leader in its respective location, and internationally acclaimed for excellence in luxury hospitality. The Leela is committed to providing guests with unforgettable stays in settings that capture the essence of India. The group has several new projects under development, including Bengaluru, Jaipur, Agra, Lucknow, Kathmandu, Chandigarh, with plans to expand to Maldives, Dubai, Fujairah Beach, and Seychelles. It has a marketing alliance with US-based Preferred Hotels & Resorts and is a member of the Global Hotel Alliance, Geneva, Switzerland. The Leela Palaces, Hotels and Resorts, headquartered in Mumbai, India, is owned by Hotel Leela venture Ltd, a publicly listed company.
For more information, visit www.theleela.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
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