RateGain chosen by Grupo Posadas to bolster recovery in Latin America; stock surges ~3%

23 Jun 2022 , 11:57 AM

RateGain Travel Technologies Limited (RateGain), a global SaaS company for travel and hospitality, announced today that it has been chosen by Posadas, the parent company of Live Aqua, Gamma, Grand Fiesta Americana, Fiesta Americana, Fiesta Inn, The Explorean, IOH, and one Hotels, to provide business intelligence solutions, rate parity technology, and data intelligence to increase profitability and forecasting functionalities.

As Mexico's largest and most internationally renowned hotelier, founded four decades ago with an impressive history of business growth and brand expansion, the company is poised for an excellent growth recovery as Latin American travel demand recovers and tourists flock to Mexico as an alluring travel and vacation destination.

RateGain's award-winning BI solutions will be implemented across all of Posadas' properties and brands in Mexico, along with Room Only Rate Shopper OPTIMA, Package (Hotel + Flight) price intelligence, PARITY+, and Test Reservation service.

Grupo Posadas will benefit from RateGain's Real-time Rate Intelligence Solution - OPTIMA to optimize its pricing strategy in accordance with current market trends and competitor rates. Optima users can track rates across multiple channels — Mobile, Meta, Member, and Market — using an easy-to-use platform (Geographic point of sale).

With its built-in workflows and automation, RateGain's Parity+ assists in tracking pricing across various demand partners and channels. It will ensure Posadas has the correct prices across all channels, preventing revenue leakage.

Rategain Travel is currently trading at Rs256.05 up by Rs8 or 3.23% from its previous closing of Rs248.05 on the BSE. The scrip opened at Rs254.90 and has touched intraday high and low of Rs262.45 and Rs253 respectively.