RateGain recognised as a Preferred Connectivity Partner by Expedia Group; stock zooms ~3.5%

9 Mar 2022 , 09:41 AM

In its press release on Wednesday, RateGain Travel Technologies Limited (RateGain), a global provider of SaaS solutions for travel and hospitality, announced its Preferred Connectivity Partner recognition with Expedia Group.

The Expedia Group recognizes and rewards top connectivity providers under its Connectivity Partner Program — including channel managers, property management systems, central reservation systems, and other vendors who maintain high-quality connections and help connected lodging properties grow their business on Expedia Group websites and better serve travelers.

To execute this partnership, RateGain will work with Expedia Group’s leadership team, and provide feedback to help in shaping future products and technology solutions. With this, RateGain will have early access to new Expedia Group tools and features that it can use in its software to help the industry and its customers make faster decisions and unlock more revenue.

Commenting on the achievement, Chinmai Sharma, President- Americas at RateGain, said, “RateGain and Expedia have had a long-standing and deep partnership spanning more than a decade across different brands and product lines. We share their passion to provide travelers a seamless and real-time experience of planning, searching, and booking travel because where you book matters! We are delighted to have been recognized as a Preferred connectivity partner and look forward to working with Expedia’s connectivity and leadership team to solve the industry’s challenges of tomorrow”.

Under Expedia group’s Connectivity Partner Program, Preferred status is awarded annually to an exclusive group of top-performing lodging connectivity software providers who offer excellent quality software connections and advanced tools and capabilities.

Rategain Travel Technologies Ltd is currently trading at Rs294.25 up by Rs9.7 or 3.41% from its previous closing of Rs284.55 on the BSE. The scrip opened at Rs291.70 and has touched an intraday high and low of Rs294.95 and Rs287.75 respectively.