RateGain Travel Technologies shines on getting selected by Caesars Entertainment for rate intelligence
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RateGain Travel Technologies is currently trading at Rs. 372.50, up by 7.45 points or 2.04% from its previous closing of Rs. 365.05 on the BSE.
The scrip opened at Rs. 368.95 and has touched a high and low of Rs. 382.00 and Rs. 368.75 respectively. So far 30025 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 525.00 on 18-Jan-2022 and a 52 week low of Rs. 275.25 on 07-Mar-2022.
Last one week high and low of the scrip stood at Rs. 394.00 and Rs. 352.00 respectively. The current market cap of the company is Rs. 4023.06 crore.
The promoters holding in the company stood at 56.29%, while Institutions and Non-Institutions held 17.98% and 25.73% respectively.
RateGain Travel Technologies has been selected by Caesars Entertainment, Inc. (Caesars), the largest gaming company in the United States, to provide real-time rate intelligence to boost hotel performance, profitability, and RevPar.
As part of the deal, Caesars will be implementing RateGain's products OPTIMA, PARITY+, and Closed Loop rate parity (Test Reservation) across 50+ properties throughout the United States. Caesars selected RateGain's OPTIMA, which will provide real-time competitive intelligence. Its MarketDRONE Narratives feature will help every Caesars property get actionable insights to insure its industry leading position against sudden market changes.
RateGain Travel Technologies is among the leading distribution technology companies globally and it the largest Software as a Service (SaaS) company in the hospitality and travel industry in India.
