RateGain and Lowcosttravelgroup: A Partnership to Grow Global Distribution Footprint

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. February 25, 2015

MUMBAI, INDIA. - February 25, 2015. RateGain continues to bolster its global distribution footprint, with the latest partnership with lowcosttravelgroup, a leading online travel agency that offers a huge range of accommodation and packaged holidays across beaches, cities, and ski destinations to customers worldwide.

Winners of the Travolution Rising Brand of the Year - 2010, lowcosttravelgroup has joined RateGain's next generation channel manager - RezGain- to achieve faster and more direct access to hotel inventory and rates. This new integration will help Lowcosttravelgroup to expand the range of hotels and packaged holidays available to its existing base of customers of over 350 airlines and 250,000 hotels in major source markets including in the United Kingdom, Germany, Austria, Spain, Sweden, Italy, Norway, Ireland, Denmark, and Finland.

“We are very excited about our new partnership with RateGain,” said Alex Gisbert, Chief Operating Officer of lowcosttravelgroup. “Our skilled management team understands the significance of efficient technology and how it enhances the travel shopping experience of customers, which is why we want to build our future global success alongside the proven, reliable and latest technology from RateGain. As the market leader, we will leverage our considerable network to the advantage of RezGain hotels.”

According to Bhanu Chopra, CEO, RateGain, “Our new partnership with lowcosttravelgroup confirms our ability to offer accommodation providers a breadth and depth of online booking networks that can really boost their business. We continue to embrace new technology to enable hoteliers deliver better service to their customers. The new connection also underlines RateGain's rapid growth as a premier distribution platform.” RezGain, the next generation channel manager from RateGain, gives instant control over yield management allowing hotels to handle more product types while automating the distribution process. RezGain helps properties to optimise online revenue potential by extending their distribution reach across all relevant sales channels using pooled inventory for efficient availability management.

About lowcosttravelgroup

Lowcosttravelgroup is an award-winning, consumer-facing travel brand, which offers accommodation and dynamically packaged holidays via its website and call centres since its inception in 2004. It's the UK holding company for the two trading companies namely, lowcostbeds and lowcostholidays - with over 500 employees and €700million in sales. For more information, please visit: http://www.lowcosttravelgroup.com/

About RateGain

RateGain is a leader in hospitality and travel technology solutions for revenue management decision support, rate intelligence, seamless electronic distribution and brand engagement, helping businesses around the world streamline their operations and sales. The company serves more than 5,500 customers, including independent hotels, chains and brands, as well as online travel agents, wholesalers, tour operators, car rental providers, airlines, cruise lines and other e-retail clients. Founded in 2004, RateGain is headquartered in Noida, India, with offices in Spain, the United Arab Emirates, the UK and the U.S. For more information, please visit www.rategain.com.

Media Contact:
Vikram Bahl
RateGain
[email protected]
+91 120 4975700 extn 271
Skype: vikrambahl
Twitter: @RateGain
Americas: +1 312 238 9880
Europe: +44 (0) 20 337 191 13
Asia: +91 120 4388300
www.rategain.com