Hot Pursuit     21-Apr-22
RateGain gains on deal with Caesars Entertainment
RateGain Travel Technologies rose 3.04% to Rs 376.15 after the company was selected by Caesars Entertainment for providing real-time rate intelligence.

The rate intelligence will help Caesars to boost their hotel performance, profitability, and revenue per available room (RevPAR).

Caesars Entertainment is the largest casino-entertainment company in the US and one of the world's most diversified casino-entertainment providers.

As part of the deal, Caesars will be implementing RateGain's products 'OPTIMA', 'PARITY+', and 'closed loop rate parity' across 50 plus properties throughout the United States.

Chinmai Sharma, president (Americas) at RateGain, said, "The team at Caesars has always been a leader in identifying trends in the market and adopting them to provide their guests the best experience across every touchpoint.

Delivering the right price for each property across every channel is a big part of that experience, and we are delighted that Caesars has selected us to help them improve pricing efficiency and margins in the new normal."

RateGain Travel Technologies is engaged in offering travel and hospitality solutions for hotels, airlines, online travel agents (OTAs), meta-search companies, vacation rentals, package providers, car rentals, rail, travel management companies, cruises, and ferries.

On a consolidated basis, the company reported a net profit of Rs 0.09 crore in Q3 December 2021 as compared with net loss of Rs 11.14 crore in Q3 December 2020. Net sales surged 57.4% YoY to Rs 99.01 crore in Q3 FY22.

Previous News
  Indices trade with modest gains; VIX slides 3.68%
 ( Market Commentary - Mid-Session 13-Jun-24   12:35 )
  RateGain partners with Best Airlines Rep for providing accurate pricing intelligence
 ( Hot Pursuit - 30-Nov-23   10:42 )
  RateGain appoints Yogeesh Chandra as chief strategy officer
 ( Hot Pursuit - 28-Apr-23   08:37 )
  RateGain Travel Technologies appoints Yogeesh Chandra as Chief Strategy Officer
 ( Corporate News - 28-Apr-23   08:45 )
  Air Cairo selects RateGain's AirGain to optimize airfare in real-time
 ( Corporate News - 16-Feb-23   09:07 )
  Rategain Travel Tech subscribed 75%
 ( IPO Centre - IPO News 08-Dec-21   18:04 )
  RateGain Travel Technologies partners with mobile-first travel marketplace - Hopper
 ( Corporate News - 22-Feb-22   09:26 )
  Rategain Travel Tech subscribed 41%
 ( IPO Centre - IPO News 07-Dec-21   17:37 )
  RateGain Travel Technologies wins in four categories at 2022 Hotel Tech Awards
 ( Corporate News - 17-Jan-22   11:00 )
  RateGain partners with Green Motion for providing revenue management solutions
 ( Hot Pursuit - 13-Jun-24   11:17 )
  RateGain partners with FLYR
 ( Corporate News - 28-Feb-24   15:31 )
Other Stories
  Lemon Tree launches its first property in Jharkhand
  16-Jul-24   08:50
  Waaree Renewable gains on bagging solar project
  15-Jul-24   15:49
  HDFC Life Q1 PAT climbs 15% YoY to Rs 478 cr
  15-Jul-24   15:45
  HDFC AMC hits record high after Q1 PAT rises 26% YoY to Rs 604 cr in FY25
  15-Jul-24   15:36
  Shipping Corporation of India Ltd leads losers in 'A' group
  15-Jul-24   15:00
  Bank of Maharashtra rallies after Q1 PAT climbs 46% YoY to Rs 1,293 cr in FY25
  15-Jul-24   14:49
  Mishtann Foods drops after Q1 PAT grows 3.4% YoY
  15-Jul-24   14:48
  Sheetal Cool Products Ltd leads losers in 'B' group
  15-Jul-24   14:45
  Volumes spurt at Godfrey Phillips India Ltd counter
  15-Jul-24   14:30
  MTNL hits 52-week high on appointing Ravi A Robert as the CMD
  15-Jul-24   14:18
Back Top