CHICAGO – July 12, 2011 – RateGain today announced that Preferred Hotel Group™ has selected the company to power its iRate solution - a customized tool that provides advance rate intelligence for hoteliers worldwide.

RateGain maintains one of the most advanced rate shopping systems in the world.  With Preferred Hotel Group’s iRate program, revenue and general managers are able to generate and view competitor rates through an easy to use interface through SaaS (cloud) based technology.  The technology allows managers to produce real time, on demand rate shop reports ,with a defined set of competitive hotels for a defined period of time and length of stay across multiple channels.

A Travel Technology Company

“Preferred Hotel Group is constantly exploring innovative solutions in order for its members to stay competitive.  RateGain provides an impressive capability to customize features for our iRate solution, and allows our member hotels easy access to view competitive pricing strategies,” explains Michelle Woodley, senior vice president of distribution and revenue management for Preferred Hotel Group. “They are the perfect partner to provide the most advanced technology and the highest levels of support to meet the business intelligence needs of our members.”
 
A leader in extraction of rates from the Web, RateGain obtains over a billion price-points monthly for its clients in the travel and hospitality industries.  The company has a deep understanding of the rate intelligence domain and the business needs of the hotel industry for this data which has helped the company in structuring products that are unmatched for reliability and comprehensiveness.
 
“Preferred Hotel Group is known for its innovation and impeccable customer service, so naturally we are quite proud to have been selected to provide our rate intelligence services for the iRate program,” says Bhanu Chopra, RateGain’s CEO.  “Their member hotels now have access to the most comprehensive and highest quality rate intelligence data for maintaining competitiveness and optimizing revenues.”
 
About RateGain
RateGain offers web-based solutions to leading online travel agents, airlines, wholesalers and hotels across 70 countries.  RateGain products for the travel industry have earned numerous awards for innovation.   The company is a leader in SaaS based solutions in channel management, online brand reputation management, competitive price intelligence, and social media marketing. Established in 2004, RateGain IT Private Solutions Limited is headquartered in India with offices in the US, Thailand, Spain, Dubai and the UK. For more information, please visit www.rategain.com.
 
About Preferred Hotel Group™ 
With a global reach of more than 850 best-in-class hotels and resorts in 70 countries, Preferred Hotel Group™ represents six distinctive brands: Preferred Hotels® & Resorts, Preferred Boutique™, Summit Hotels & Resorts™, Sterling Hotels™, Historic Hotels of America® and Preferred Residences™, a membership-based exchange program for luxury shared ownership resorts. Preferred Hotel Group also offers I Prefer™, a complimentary global guest benefit program that provides members with exclusive offers and rewards, as well as Preferred Golf™, a membership-based program that grants access to 100 of the world’s most renowned golf resorts. For more information, visit us on the web at www.PreferredHotelGroup.com, and follow us on Facebook and Twitter.