RateGain Technologies, the market leader in business intelligence and distribution solutions for travel and hospitality , today announced the roll out of important updates to its rate shopping solution, CarGain, with an aim to help the car rental firms derive key price intelligence insights in a more efficient and streamlined manner.

CarGain will now come with an easy to use analytics dashboard that will help car rental managers and revenue analysts track every transaction easily. A one of its kind intuitive dashboard, Transactional analytics will play a critical role in saving effort and improve pricing accuracy by providing access to competitive market data as well as events, weather and airline data all at one place.

In addition to these changes, RateGain has incorporated customer feedback to provide more control to the user and transparency to set up reports, map locations as well as get a better view of daily statistics.

The upgrades and release of new features are aimed at helping car rental companies derive of every size be more in control and get the maximum value by getting more meaningful insights in a simple and intuitive manner, to further enhance their planning and pricing capabilities, leading to increased productivity and revenue maximization.

According to Apurva Chamaria, CRO, RateGain Technologies, “Car rentals is a dynamic business worldwide, and the introduction of app-based operators has put technology at the center of this business and increased competition drastically. The new update takes into account the major demand indicators like weather, holiday, events and airline data in a single screen. This keep the Revenue and Pricing department stay at the top of their game.  The new features of CarGain will help car rentals deal better with these dynamic changes easily while improving the user experience. We have done significant investments in interface design and data delivery formats, which would give more power to the car rental companies to establish themselves and conduct their businesses profitably.”

Adds Apurva, “At RateGain, we are always connected with the customers’ changing needs, and we continuously endeavor to innovate with our existing products to help subscribers solve their everyday challenges in price intelligence, and thereby offer them more value. The significant adoption of CarGain by the industry players and their growing success stories drove us to make these enhancements to the product, and we hope that the users derive maximum benefits from our updated tool.”

RateGain offers comprehensive market intelligence to the car rental providers through a suite of products which helps them outperform their competition and improve their market presence.

About RateGain

RateGain is the #1 provider of SaaS products, which help travel, and hospitality companies make more revenue every day. RateGain offers products, which help with rate intelligence, cognitive revenue management, smart e-distribution, and brand engagement. RateGain is proud to support 500,000+ hotel properties globally impacting 13 Bn $ revenue by providing 240 billion rate and availability updates & powering over 30 Million bookings. RateGain is trusted by 25 out of the top 30 OTAs, tour operators and wholesalers, 23 of the top 30 hotel chains, 7 out of the top 10 car rental companies, top 5 cruise lines, and many leading airlines worldwide. In 2018, RateGain acquired DHISCO, which made it the only company in the world to offer end-to-end smart distribution.

For more information, visit www.rategain.com

Forward-looking statements

Certain statements in this release are forward-looking statements, which involve some risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those in such forward-looking statements. All statements, other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to the statements containing the words ‘planned,’ ‘expects,’ ‘believes,’’ strategy,’ ‘opportunity,’ ‘anticipates,’ ‘hopes’ or other similar words. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding impact of pending regulatory proceedings, fluctuations in earnings, our ability to manage growth, intense competition in IT services, data services and consulting services including those factors which may affect our cost advantage, wage increases in India, customer acceptance of our services, products and fee structures, our ability to attract and retain highly skilled professionals, our ability to integrate acquired assets in a cost-effective and timely manner, time and cost overruns on fixed-price, fixed-timeframe contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, the success of our brand development efforts, liability for damages.