RateGain Travel Technologies rose 1.32 per cent to Rs 294.45 after Royal Orchid Hotels selected the platform for real-time pricing insights and better connectivity. Royal Orchid & Regenta Hotels is India’s fastest-growing hospitality brand, managing a portfolio of more than 75 properties with 4,600 rooms across the country. 

RateGain will provide real-time competitive pricing intelligence and improved connectivity to a wide network of Online Travel Agents (OTAs) around the globe. The platform will enable the group to deliver unique booking experiences to its guests and boost its visibility across continents.

Commenting on the partnership Prashant Mehrotra, chief operating officer of Regenta and Royal Orchid Hotels, said: “As travel demand is returning strongly and with tourists flow expected to pick up, we are looking for innovative solutions to have a competitive edge to optimize our pricing and have better visibility across demand partners. In the current environment with many uncertainties looming, it was essential to have one partner who can provide us with a single platform for accurate real-time intelligence and connectivity across global OTAs, making it seamless and efficient for us to manage.”

The company is a global provider of Software as a Service (“SaaS”) solutions for travel and hospitality. It works with over 2200+ customers in over 100+ countries, helping them accelerate revenue generation through acquisition, retention and wallet share expansion.

RateGain Travel Technologies reported a net profit of Rs 8.42 crore compared with a net loss of Rs 1.38 crore in the first quarter of FY23 over FY22. Net sales rose 59.2 per cent yearly to Rs 119.30 crore in the first quarter of FY23.