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REVENUE MANAGEMENT
Elevating Revenue Management: Safir Hotels & Resorts' Success with RateGain Solutions
Not yet verified
This case study hasn't been verified by Safir Hotels & Resorts yet
Safir Hotels & Resorts, led by Galal Farag, Corporate Director of Revenue Management and Distribution, partnered with RateGain to overcome challenges in rate parity, market share, and revenue optimization. With over 25 years of industry experience, Farag implemented best practices in competitive analysis and market modeling to drive transformative growth.
Why it matters:
The partnership yielded a 4x revenue growth, showcasing the power of strategic revenue management and distribution solutions.
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Connected to unique local and global channels Achieved 1.4x revenue growth YoY Processed over 3.9 million ARIs in a year
Top 3 Core Objectives:
o enhance operational efficiency, improve revenue management, and achieve fair market share growth.
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Specific goal: Maintain consistent rate parity across OTAs.
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OTA connectivity: Expand rate visibility and reach through effective OTA connectivity.
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Market share: Secure fair market share within the competitive OTA segment.
Innovators Mentioned
Safir Hotels & Resorts
RateGain
Galal Farag
The hotelier hasn't yet verified the case study.
Corporate Director of Revenue Management and Distribution
Safir Hotels & Resorts
"The partnership with RateGain has been transformative for Safir Hotels & Resorts, yielding 4x growth in our revenue."
Galal Farag
Corporate Director of Revenue Management and Distribution
👍 Corporate Director of Revenue Management and Distribution
Galal Farag
said that 4x growth in revenue:
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"The partnership with RateGain has been transformative for Safir Hotels & Resorts, yielding 4x growth in our revenue."
⚖️ The selection process:
During their research process, Galal Farag
evaluated RateGain's product differentiators, customer support, and holistic value as a strategic partner and ultimately decided that RateGain was the best fit solution:
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Corporate Director of Revenue Management and Distribution Galal Farag said, about their decision: "The partnership with RateGain has been transformative for Safir Hotels & Resorts, yielding 4x growth in our revenue."
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The results:
The collaboration between Safir Hotels & Resorts and RateGain has been transformational, addressing core challenges in revenue management and distribution. By leveraging RateGain's cutting-edge solutions, Safir Hotels achieved significant improvements in connectivity, operational efficiency, and revenue growth, securing a stronger competitive position in the hospitality industry.
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Direct Connectivity: Safir Hotels connected to 15 unique local and global channels via GDS, ensuring streamlined distribution and improved market access.
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Revenue Growth: Achieved an impressive 1.4x year-over-year revenue growth, demonstrating the impact of RateGain's solutions on financial performance.
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nhanced Rate Management: Successfully processed over 3.9 million ARIs (Availability, Rates, and Inventory) within a year, ensuring real-time updates and operational efficiency.
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