Latin America’s Hospitality Industry is Ready to Take the AI Leap into the Future
The COVID-19 pandemic has had a profound impact on the travel industry, challenging travel companies to adapt to changing consumer preferences, adopt new technologies, and innovate their business models. Against this backdrop, WTM Latin America 2023 – the leading global event for the Latin American travel industry – brought together industry leaders to discuss the key trends and strategies shaping the future of travel. From the positive impact of AI and the emerging trend of ChatGPT in hospitality to the importance of personalized service in increasing guest loyalty, the discussions at the trade show highlighted the industry’s focus on leveraging…
Expedia Recognizes RateGain as an Elite Connectivity Partner for 2023
Dallas, 16th March 2023: RateGain Travel Technologies Limited, a global provider of SaaS solutions for travel and hospitality, today announced its Elite Connectivity Partners status with the Expedia Group. The Expedia Group recognizes and rewards a select few connectivity partners who achieved excellent results on various performance metrics, such as maintaining high-quality connections and helping lodging partners grow their business on the Expedia Group marketplace. This also means that RateGain will work directly with the Expedia Group to help shape their future products and technology solutions. Comment on the achievements, Chinmai Sharma, President – Americas at RateGain, said, “Our goal…
HotelKey Partners With Rate Gain To Provide Competitive Pricing And Distribution For HotelKey Customers Worldwide
Dallas, February 23, 2023: HotelKey, the leading cloud-based property management platform for hotels, announced a partnership with RateGain Travel Technologies Limited (RateGain), a global provider of SaaS solutions for travel and hospitality, to integrate RateGain’s global distribution, central reservations, and pricing capabilities into HotelKey’s platform PMS. The integration will roll out across HotelKey’s portfolio of more than 4,000 properties, with hundreds of properties already accessing the combined capabilities. “We are excited to bring RateGain’s next-gen pricing and distribution capabilities to our partner hotels,” said HotelKey Co-Founder and President, Aditya Thyagarajan. “RateGain is an unparalleled innovator, and bringing their revenue-generating capabilities…
CBRE Forecasts Enhanced RevPAR Growth in 2023 Despite Economic Headwinds
Written by: Rachael Rothman and Matt Mowell Despite projections of persistent inflation and a moderate economic recession, CBRE’s November 2022 Hotel Horizons® forecast calls for a 5.8 percent increase in rooms revenue per available room (RevPAR) in 2023. This is up from CBRE’s previous forecast of a 5.6 percent increase in RevPAR for 2023. Propelling CBRE’s increased outlook for RevPAR is an expected 4.2 percent rise in average daily rate (ADR), driven in part by the continuation of above long-run average inflation. For 2023, CBRE is forecasting the Consumer Price Index in the US to increase by 3.5 percent YoY.…