Can Proptech Remedy the Asset-heavy/ Asset-light Dilemma?
Written by: Victoria Loing In a globalized world and really aggressive setting, lodges are preventing to stay leaders of their market. Which manufacturers to develop? How one can retain clients? Which modern expertise to implement? Which enterprise mannequin technique to observe? These are a non-exhaustive checklist of questions resort teams ask themselves to carry out in a continually evolving setting. This weblog will concentrate on the asset-heavy/asset-light technique difficulty and the way innovation akin to property expertise (proptech) can clear up the issue. Let’s begin with the context: actual property is an asset in hospitality but additionally a legal responsibility.…
RateGain Empowers Virgin Voyages with Rate Intelligence
New Delhi, June 27, 2023: RateGain Travel Technologies Limited (RateGain), the leading SaaS (Software as a Service) provider for travel and hospitality, announced today that it has been selected by the North American-headquartered, Virgin Voyages to provide comprehensive Cruise Rate Intelligence data. Virgin Voyages, an innovative cruise line co-owned by the Virgin Group and Bain Capital, is redefining sea travel for the modern traveler set to enhance its competitive edge with the deployment of RateGain’s advanced data analytics and connectivity solutions. With the global cruise industry on the road to recovery and an expected influx of passengers in the coming…
Unleashing the Power of Hotel Technology
In today’s digitally-driven world, the hospitality industry is increasingly leveraging cutting-edge technology to revolutionize guest experiences and streamline operations. From property management systems to online booking platforms, hotel technology plays a pivotal role in enhancing efficiency, personalization and overall guest satisfaction. Let us delve into the diverse facets of hotel technology and how it is reshaping the landscape of the hospitality industry. 1. Property Management Systems (PMS) for streaming operations Property management systems are the backbone of hotel operations, encompassing various functionalities like reservations, guest profiles, check-in/out, billing and more. PMS software automates and centralizes these processes, allowing hotels to…
A Virtual Education Preview from Solution Providers
How does an industry that is required to offer a relaxed, discreet, unobtrusive, and unencumbered experience for guests and members, reconcile those goals with offering guests and members a secure environment? Every company is responsible for creating and maintaining a safe environment for its employees. Understanding that there is potential for danger, hospitality properties need to counter it with preemptive response planning. It is imperative for organizations to implement appropriate security measures, collaborate with local authorities and train staff in proper prevention and reaction methods. Employers can provide a safe and secure working environment by using a thorough security system…
A Guide to Effective Channel Management for Hospitality Businesses
In the modern era of digitalization, managing your online distribution channels is crucial for the triumph of your esteemed hospitality enterprise. A professional channel manager can facilitate you in efficiently allocating your inventory to various online travel agencies, direct booking engines, and metasearch engines, thereby expanding your outreach and maximizing your revenue. In this comprehensive article, we shall delve into the nuances of a channel manager, how it functions, and how it can be instrumental in unlocking new avenues of revenue for your business. What is a channel manager? A channel manager is a software application that allows hotels, vacation…
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…
How the Hotel and Travel Industry Can Monetize Non-Fungible Tokens
Written by: Dominika Duziak Editor’s Note: This blog post will feature podcast episodes from the HospitalityVerse Podcast, a new series that discusses the latest trends in hospitality technology, including discussions on the Metaverse, blockchain, NFTS and more. Remember NFT: one of the hottest buzzwords of 2021? Looks like last year’s hype died down — impacted by the “crypto winter” and the FTX meltdown. Just to recap: non-fungible tokens (NFTs) represent unique digital assets recorded on a blockchain that certifies their authenticity and ownership. Typically, when we talk about NFTs, we think of digital art and collectibles. Christie’s, one of the…