RateGain
RateGain IT Solutions Private Limited, simply known as RateGain, is software solution provider headquartered in Noida, India with offices in UK, US, Turkey, Spain, UAE and Thailand. It was started by entrepreneur Bhanu Chopra. It specializes in providing Software as a service (SaaS) solutions to hospitality and travel industry players. Its current focus areas are solutions for hoteliers, travel websites, airlines and corporate travel segments.
History
RateGain was founded in 2004. It is the brainchild of its founder and current CEO, Bhanu Chopra when he first identified the business need of providing price comparison products for travel websites to benchmark their product offering versus their competitors. Started with just a hundred thousand dollars, it recorded a growth of 2,641% in first 3 years of its operations and was valued at over $40 million in 2009.
Products & services
RateGain is primarily a product based company specializing in software as a service as the delivery model for its products. Its various products are primarily geared towards serving the hospitality and travel industry participants in a B2B model. Products of Rategain can be broadly classified into two target segments - 'for hotel industry' and 'for travel industry'.
Hotel industry
RateGain offers the following products for the hotel industry:
ChannelGain
ChannelGain is RateGain's product providing Online Channel Management for distribution of availability and rates of hotel rooms to online distribution channels like OTAs and other websites.
PriceGain(Hotels)
PriceGain (Hotels) is a tool which provides advance rate intelligence for its customer hoteliers for maintaining competitiveness and optimizing revenues. It allows its customers to monitor competitor pricing and trendsetters in the market space they operate in.
BrandGain
BrandGain is RateGain's product for Guest Satisfaction & Online Reputation Management.
Travel industry
RateGain also offers products for the travel sector:
NetReports
NetReports offers competitive price intelligence for OTAs, tour operations, airlines, cruise lines and car rental companies.
PriceGain(Air)
This product is specifically geared towards monitoring competitor pricing strategies for the airlines.
PriceGain(Audit)
PriceGain (Audit) helps travel managers and corporate travelers optimize their corporate travel expenditure.
Awards & recognition
- RateGain has ranked 1st in the year 2007 and 2nd in 2008 for Deloitte's Technology Fast 50 India Program List. In the year 2009, it was placed at 23rd position with 217% growth and 33rd in the year 2010 with a projected growth rate of 117%.
- RateGain won The Red Herring 100 Asia 2009 award.
- RateGain was voted 'Most Promising Small Enterprise Of The Year' in Emerging India Awards 2009.
See also
- ChannelGain
- Competitive intelligence
- Customer Satisfaction
- Hospitality
- Revenue Management
- Pricing strategies
- Airline Yield Management
- Yield management