The partnership will give OYO access to the largest demand network in hospitality distribution.
June 6, 2019, London: RateGain Technologies, the global leader in providing innovative price intelligence, revenue management and distribution solutions for the travel and hospitality industries today announced a strategic global partnership with OYO Hotels & Homes, the world’s 6th largest chain of hotels, homes, and living spaces to extend its distribution platform RezGain to OYO. RateGain will enable OYO to leverage RezGain to make the OYO inventory available on 700 + OTA’s across more than 80 countries.
Through this strategic partnership, RateGain will provide distribution to OYO to reach global and regional demand channels to spur its expansion. It will also support OYO’s efforts to standardize across its vast portfolio and increase its reach worldwide by offering access to new channels. RateGain will also partner with OYO to drive innovation in distribution by testing next-generation distribution technologies that will help hotel chains like OYO in optimizing their distribution while dramatically shortening their time-to-market.
With connections to over 287 global demand partners, 600 long-tail OTAs, TMCs, all major GDS systems and 100’s of wholesalers, RateGain provides the hospitality industry with the world’s largest distribution ecosystem through its distribution platform which includes the DHISCO switch and the RezGain channel manager.
Commenting on the development Apurva Chamaria, Chief Revenue Officer, RateGain said, “We are excited to work with the dynamic OYO Hotels & Homes teams and support their mission “to increase occupancy and revenue by bringing quality living spaces to a billion plus people” by providing our distribution platform and enabling their efforts to expand their network to new channels and marketplaces across the globe. We are also thrilled about partnering with another hospitality innovator to market test the next generation of distribution solutions, which will leverage Artificial Intelligence and Machine Learning to redefine what distribution looks like.”
Talking about the partnership, Abhinav Sinha, Global Chief Operating Officer, OYO Hotels & Homes, said, “We are excited to have RateGain as our global distribution technology partner and to support us in our endeavours of reaching out to travelers across the world. We selected the RateGain distribution platform after evaluating multiple solutions because of the cutting edge features offered and the comprehensiveness of the distribution capability. At OYO, our mission is to create a perfect space in every place by ensuring the best possible experience for our guests, and having RateGain as a strategic distribution partner supports this vision.”
With 126,000+ properties on board and enabling 5m+ transactions per year, RateGain is a leader in the hospitality distribution landscape. The distribution platform consisting of RezGain channel management and DHISCO enables hospitality distribution across all continents from independent hotel groups to all major hotels chains.
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 influencing 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
RateGain Media Contact:
· Aditi Bhandari, Senior Manager Marketing
About OYO Hotels and Homes:
OYO is the world’s 6th largest hotel chain operating from Tokyo to Texas and the world’s fastest growing chain of hotels, homes & spaces! With the @Leisure Group joining the chain, OYO today has footprints in more than 800 cities across 24 countries – UK, US, India, China, Malaysia, Nepal, the UK, UAE, Indonesia, Saudi Arabia, the Philippines and more recently Japan. With over 18,000 buildings and 636,000 units under management and more than 45,000-holiday homes, OYO is backed by leading investors, including the SoftBank Vision Fund, Sequoia Capital, Lightspeed Ventures, Hero Enterprise, and China Lodging Group. For more information, log on to https://www.oyorooms.com/