One of India’s quickest hospitality brands, Royal Orchid & Regenta Hotels oversees a portfolio of more than 75 locations with 4,600 rooms all over the nation. The group’s lodging properties are spread out across metropolises, vacation spots, pilgrimage sites, adventure locations, and animal parks, catering to leisure and business tourists. Since 2006, Royal Orchid Hotels has been listed on the Indian Stock Exchanges.
RateGain Travel Technologies Limited (RateGain), a global SaaS company for travel and hospitality, has today announced that it has been selected by Royal Orchid Hotels to drive profitability & better connectivity with bundled solution offerings from RateGain.
Providing SaaS solutions for the travel and hospitality industries, RateGain Travel Technologies Limited works with more than 2200 clients across more than 100 countries, assisting them in accelerating monetization through client acquisition, client retention, and wallet share increase. The largest Software as a Service (“SaaS”) provider in the Indian hospitality and travel sectors, RateGain is one of the largest global processors of electronic transactions and price points for the industry.
In Q1 FY23 versus Q1 FY22, the company reported a net profit of Rs. 8.42 crore as opposed to a net loss of Rs. 1.38 crore. Net sales increased 59.2% year over year to Rs 119.30 crore Q1 FY23.
After the business announced that Royal Orchid Hotels had chosen the company’s platform, RateGain Travel Technologies increased 1.32% to Rs 294.45.
For dependable and enhanced connectivity to demand partners internationally, Royal Orchid Hotels will use RateGain’s award-winning Rate Intelligence solutions packaged with the channel manager platform.
The Group will be assisted in optimizing its pricing structure by the most recent market trends and competitive rates by RateGain’s Real-time Rate Intelligence Solution, OPTIMA. Users of Optima can monitor rates through a user-friendly interface for mobile, meta, member, and market channels (Geographic point of sale).
The company will be able to provide distinctive booking services to its guests and increase its exposure across continents thanks to RateGain’s Channel Manager and a wide network of demand partner companies.
Commenting on the collaboration Prashant Mehrotra, Chief Operating Officer of Regenta & Royal Orchid Hotels, stated: “We are looking for innovative solutions to have a competitive edge to optimize our pricing and have better visibility across demand partners. Travel demand is returning strongly, and tourist flow is expected to pick up. Having a single partner who can offer us a single platform for precise real-time intelligence and connection across international OTAs was crucial in the current scenario.”
RateGain’s founder and chairman, Bhanu Chopra, commented on the collaboration, saying, “We are thrilled to provide Royal Orchid Hotels our integrated solution on a solitary platform, giving them superior revenue analytics and improved connectivity to demanding channels throughout the world. Supporting the hotel portfolio of Royal Orchid Group through and beyond the present recovery is an honor.”
Always stay connected. Visit us at GeeksULTD for real-time updates.
