AI-driven travel tech company FLYR has collaborated with hospitality solutions provider RateGain, to enhance revenue management for hotels.
As part of the collaboration, FLYR's RMS will be integrated with RateGain's channel management and distribution solutions.
The partnership is expected to address a common challenge faced by hoteliers - the complexity and increased operational costs associated with using multiple platforms for business management.
More than 40% of hoteliers now say that disparate platforms contribute to these inefficiencies.
By combining their technologies, the two companies will offer a unified system that promises to streamline revenue management and reduce the need for multiple logins for different tasks.
Hoteliers will benefit from the seamless integration of FLYR's AI-driven RMS and RateGain's channel management solutions, gaining access to real-time market data directly within the FLYR platform.
This integration allows for comprehensive rate shopping at competitors' member rates across various points of sale, including mobile apps and websites.
RateGain Americas president Peter Strebel said: “In today’s market, hotels need holistic solutions that offer comprehensive forecasting, pricing, and distribution management tools. FLYR’s deep expertise in artificial intelligence, automation, and commercial optimisation tools makes it the perfect fit to accelerate our capabilities.
“The main advantage for customers and stakeholders is the synergy that will lead to better data, improved functions, and faster access to the newest features of rate shopping. This partnership will undoubtedly unlock new profitable opportunities for hoteliers to achieve higher ROI.”
The collaboration also introduces Navigator, RateGain's new rate intelligence platform, with features such as parity monitoring, cluster views, and identification of high-demand dates.
Navigator will empower hoteliers with actionable insights, helping them make informed decisions based on demand, competitive rates, and rate parity.
The combined solution from FLYR and RateGain is now available to all current and prospective customers.
Hoteliers using this system can expect a streamlined revenue management process and increased operational efficiency.
In December last year, BWH Hotels Scandinavia chose FLYR for Hospitality as its revenue management system (RMS).
