RateGain Travel Technologies shines on entering into strategic partnership with Kamat Hotels
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RateGain Travel Technologies is currently trading at Rs. 720.45, up by 16.80 points or 2.39% from its previous closing of Rs. 703.65 on the BSE.
The scrip opened at Rs. 705.00 and has touched a high and low of Rs. 721.75 and Rs. 703.65 respectively. So far 4864 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 921.10 on 16-Feb-2024 and a 52 week low of Rs. 621.05 on 15-Apr-2024.
Last one week high and low of the scrip stood at Rs. 721.75 and Rs. 670.05 respectively. The current market cap of the company is Rs. 8486.65 crore.
The promoters holding in the company stood at 48.22%, while Institutions and Non-Institutions held 30.77% and 21.02% respectively.
RateGain Travel Technologies has entered into a strategic partnership with Kamat Hotels, a renowned hospitality chain with a strong presence in India. This collaboration will empower Kamat Hotels (India) to significantly increase returns from direct bookings, improve brand visibility, and enhance the overall guest acquisition across 18 of its five-star luxurious Ecotels, Heritage Hotels and Leisure resorts.
This partnership aims to elevate Kamat Hotels (India) brand conversions and expand its digital footprint across India. RateGain’s solutions, backed by forward-looking intelligence and scientific parity monitoring, will enable Kamat Hotels (India) to deliver highly targeted marketing campaigns and thus, increase direct revenue, boost brand visibility in India and achieve a superior return on advertising spend (ROAS).
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.
