New partnership between RateGain and FLYR Hospitality provides hoteliers with a holistic, streamlined solution to achieve AI-driven rate optimization across distribution channels

LOS ANGELES, Feb. 27, 2024 (GLOBE NEWSWIRE) -- FLYR, the AI-powered travel technology platform, today announced a partnership with RateGain (NSE: RATEGAIN | BSE: 543417) Travel Technologies Limited (RateGain), a global provider of SaaS solutions for travel and hospitality. The partnership will bring together FLYR’s AI-powered Revenue Optimization System (RMS) with RateGain’s industry-leading channel management and distribution solutions to help hotels improve their revenue.

Hoteliers often struggle with disparate platforms to manage their business, with over 40 percent of hoteliers citing that disparate platforms lead to increased operational costs.

Together, FLYR and RateGain will help the world’s leading hotels improve their businesses – delivering a seamless integration for revenue management. Bringing together FLYR’s AI-driven revenue optimization system (RMS) and RateGain's industry-leading channel management and distribution solutions will give hoteliers the holistic, integrated system they need without having to log on to multiple or disparate platforms for one task.

Additionally, hoteliers will now have easy access to real-time market data within the FLYR platform. Subscribers can shop at competitors’ member rates and multiple points of sale – including mobile apps and websites. The collaboration offers a host of other features like parity monitoring, cluster views, high-demand dates, and more with RateGain’s new rate intelligence platform — Navigator. Catering to the changing needs of hoteliers, Navigator empowers them with actionable insights based on multiple parameters such as demand, competitive rates, and rate parity.

Peter Strebel, RateGain’s President of Americas, said the FLYR integration will give clients a competitive edge. “In today's market, hotels need holistic solutions that offer comprehensive forecasting, pricing, and distribution management tools,” said Peter Strebel, President of Americas, RateGain. “FLYR’s deep expertise in artificial intelligence, automation, and commercial optimization tools makes it the perfect fit to accelerate our capabilities. The main advantage for customers and stakeholders is the synergy that will lead to better data, improved functions, and faster access to the newest features of rate shopping. This partnership will undoubtedly unlock new profitable opportunities for hoteliers to achieve higher ROI.”