RateGain Launches Navigator
To meet the evolving needs of commercial teams with actionable insights
RateGain Travel Technologies Limited (RateGain), a global provider of SaaS solutions for travel and hospitality, today announced the launch of their unified rate insights platform Navigator that would help commercial teams track demand, monitor competition, and fix parity issues in a single window making it easy to maximize RevPAR and reduce manual efforts.
Today, commercial teams in hotels are getting smaller, with overlapping responsibilities across revenue management, distribution, and marketing. With increased responsibilities, the amount of data to process has increased significantly with team members combining data from different sources to get the right insights.
Navigator will help commercial teams eliminate extra effort, bringing everything on one screen helping revenue management, marketing, and distribution rely on a single source of truth and act faster on insights.
With the traveler today doing extensive online research spanning various devices, and multiple sites to hunt for offers and discounts, the way travel is booked has fundamentally changed. This shift generates a wealth of data, offering opportunities and challenges for revenue teams. While this data is invaluable, it complicates their daily tasks, prompting a need for solutions that efficiently analyses and distil this information into actionable insights.
Traditional rate shopping tools have provided a one-dimensional view of rates, with inconsistent data from limited sources, leading to extra effort and missed RevPAR targets. Most hotels, use website and social media data to track intent and manually manage parity in their systems making the entire process extremely labor intensive and unproductive.
Navigator addresses the challenges faced by revenue managers providing them insights needed by every team member to stay ahead of the competition and achieve their revenue targets by tracking 150 Bn+ Searches & 60 Mn+ Bookings data across 1100+ sources and 700+ global and regional OTAs, Meta Sites, and Partner Sites.
It transcends traditional rate shopping by offering a robust suite leveraging advanced analytics and AI capabilities, empowering commercial teams with three capabilities:
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Demand Navigator: Predict accurate demand, identify source markets, and analyze date-level demand trends.
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Rate Navigator: Analyze rate trends over time, identify optimal pricing strategies, and gain insights into the competitive landscape.
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Parity Navigator: Monitor rate parity, receive discrepancy alerts, and track everyday violations across channels.
"With Navigator, we're providing the revenue team managers with a holistic solution that addresses their evolving needs," said Bhanu Chopra, CEO of RateGain. "We understand that they require more than just rates to achieve increased RevPAR. Navigator bridges this gap by offering unparalleled intel and helping them navigate through complex market dynamics."
"Navigator isn't just a tool; it's a strategic ally for revenue management teams," added Mayank Rastogi, SVP & GM at RateGain. "We've crafted it to be the ultimate solution, addressing every facet of their evolving needs. From demand forecasting to rate optimization, Navigator equips revenue teams with the insights and clarity needed to navigate the complexities of today's hospitality landscape with confidence.
