Barcelona, Spain, April 21, 2022 /PRNewswire/ — RateGain Travel Technologies Limited (RateGain), a provider of SaaS solutions for travel and hospitality, today announced that it has been selected by Caesars Entertainment, Inc. (Caesars), the world’s largest gaming company in United Statesto provide real-time rate information to improve hotel performance, profitability and RevPar.
As part of the agreement, Caesars will implement RateGain products OPTIMA, PARITY+ and closed-loop rate parity (test booking) at more than 50 properties across United States.
Caesars has selected RateGain’s OPTIMA, which will provide real-time competitive intelligence. Its MarketDRONE Narratives feature will help every Caesars property gain actionable insights to secure its industry-leading position against sudden market shifts.
Through an easy-to-use multilingual platform, OPTIMA offers a wide variety of buying channels, as well as automated market insights helping Caesars revenue team gain operational efficiency, including modern features that are lacking in other price intelligence products on the market.
Additionally, pricing teams will also detect revenue leaks to ensure Caesars is in sync with all of its demand partners to deliver the right prices across all channels and validate any rate parity breaches, helping to strengthen transparency and to control the pricing strategy of the hotel chain.
Looking optimistic about the future of travel, Pavan Kapur, SVP, Business Operations for Caesars Entertainment, commented, “RateGain’s innovative products help us maintain our competitiveness in all of our markets by enabling our teams to take informed pricing decisions.
Commenting on the partnership, Chinmai Sharma, President Americas at RateGain, said, “The Caesars team has always been a leader in identifying market trends and embracing them to provide their customers with the best experience every time. point-of-contact. Delivering the right price for every property across all channels is a big part of that experience, and we’re thrilled Caesars chose us to help them improve pricing efficiency and margins in the new normal. »
Since the beginning of 2021, RateGain has launched AI-driven products to help the hospitality industry recover and adapt quickly to the pandemic, as part of which it launched Demand AI to accurately predict the Demand changes and Content AI to improve conversions between demand partners.
About Caesars Entertainment, Inc.
Caesars Entertainment, Inc. (NASDAQ: CZR) is the largest casino entertainment company in the United States and one of the most diverse casino entertainment providers in the world. Since its beginnings in Reno, NV, in 1937, Caesars Entertainment, Inc. has grown through the development of new resorts, expansions and acquisitions. Caesars Entertainment, Inc.’s resorts primarily operate under the Caesars®, Harrah’s®, Horseshoe® and Eldorado® brands. For more information, please visit. www.caesars.com/company.
RateGain Travel Technologies Limited is a global travel and hospitality SaaS solutions provider that works with over 2,200 customers in over 100 countries, helping them accelerate revenue generation through acquisition, retention and expansion of wallet sharing. RateGain works with the Top 23 of the 30 hotel chains, the Top 25 of the 30 online travel agencies and all the top car rental companies, including 8 Global Fortune500 companies. For more information, please visit www.rategain.com
SOURCE Rategain Technologies