RateGain enters China with its first strategic partnership with New Century Hotels & Resorts

Oct. 10, 2011 - PRLog -- RateGain proudly announces its entry in the Chinese market by signing New Century Hotels & Resorts as its first customer. As per the agreement, in the first phase of the implementation, 14 of the group’s properties would start distributing their inventory online through ChannelGain, which is being integrated with their existing Kunlun CRS. Before this, 37 of New Century’s properties across China have already subscribed to PriceGain-Hotels and are using it to implement a competitive online pricing strategy.

New Century Hotels and Resorts ranked the second largest hotel group, and the largest private high-grade hotel chain in China. According to “Hotels”, the group was selected to be the 83rd among top 100 hotel groups in the world in 2008. With “China Famous Trademark”, New Century owns four product series, namely, “New Century Grand Hotel”（upscale hotel), “New Century Resort”(upscale resort), “New Century Hotel” (midscale hotel), Manju hotels”（deluxe hotel) and “boutique hotel”（dayu kaiyua).

Up to now, this company manages and signs more than 90 hotels, and has over 30,000 guest rooms in total, spreading in different municipalities and provincial cities across China.

The group’s properties were using an existing Kunlun CRS and distributing their inventory through traditional and limited online channels. There was an immediate need to integrate their CRS with an online channel management solution that can be customized to its specifications. RateGain understood and evaluated their concerns regarding CRS integration and offered a customized yet cost effectiveness integration solution with Kunlun CRS. Cathy Tao, Director of Revenue, New Century Hotels & Resorts said, “Our group is growing very fast in mainland China. RateGain is an important tool for keeping rate parity which is the key of our on line distribution especially promoting our brand website. ChannelGain also provides us with complete integration with overseas OTAs!”

Bhanu Chopra, CEO, RateGain said, “China is one of the biggest hospitality markets and we are happy to set foot in this market with New Century Group as our first client. There is a growing demand for the next generation channel management solutions in this market that are more robust, scalable and can be integrated with their existing CRS & PMSs. This association with New Century has started solely on our technological merits and ability to offer customized solutions to our clients.”

About New Century Hotels & Resorts:
New Century Hotel Group ranked the second largest hotel group, and the largest private high-star chain hotel group in China. This group has won numerous awards such as “Golden Star Award of Chinese Hotels”, “Golden Pillow Award of Chinese Hotels” and “China Hotel Starlight Award” and so on.  “HOTELS”, the authoritative magazine in the world’s hotel industry, the group was selected to be the 83rd among top 100 hotel groups in the world in 2008.With “China Famous Trademark”, New Century owns four product series, namely, “New Century Grand Hotel” (upscale hotel), “New Century Resort” (upscale resort), “New Century Hotel” (midscale hotel), “Manju hotels” (deluxe hotel) and “boutique hotel” (dayu kaiyuan). Up to now, this company manages and signs more than 90 hotels, and has over 30,000 guest rooms in total, spreading in different municipalities and provincial cities across China.


About RateGain:
RateGain offers web-based solutions to leading online travel agents, airlines, wholesalers and hotels across 70 countries.  The company is a leader in SaaS based solutions in channel management, online brand reputation management, competitive price intelligence, and social media marketing. RateGain products for the travel industry have earned numerous awards for innovation. Established in 2004, RateGain is headquartered in India with offices in the US, Thailand, Spain, Dubai and the UK. For more information, please visit www.rategain.com.

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RateGain is a Travel Technology Company offering innovative and value-driven e-business solutions to the hospitality and travel industry.