RateGain launches PriceGain-Audit, a Rate Intelligence Solution for Corporate Travel Buyers

  • RateGain
  • 04.26.11
RateGain, an award-winning hospitality and travel technology company, today announced the launch of PriceGain-Audit, a rate intelligence solution for corporate travel buyers.

 PriceGain-Audit is a powerful solution specially customized for companies that are spending a significant amount on travel expenditure for their employees domestically, regionally or worldwide. PriceGain-Audit provides accurate and timely reports on a real time basis to compare and audit all corporate hotel bookings vis-à-vis the best rates available in the market for the same offerings.
 
Speaking at the launch, Gary Mayger, SVP & head, travel & corporate solutions said, “We are the leaders in competitive price intelligence solutions and currently provide more than 13 billion hotel rates to top online travel companies across the world. PriceGain-Audit makes perfect sense as it extends our expertise to the business travel desks of the world’s largest multi-national organizations, to local companies. I am particularly excited with this launch as it squarely addresses the challenges of optimizing corporate hotel programs and as such, you will find PriceGain-Audit is an efficient tool for aiding improved corporate travel expenditure”.

Vishal Jain, VP, product management added, “Travel procurement in global companies face a lack of transparency of negotiated rates (hotel program) benchmarked against best available rates through the year. It is hard to show clear savings to management on an ongoing basis as a result of the negotiations done during the RFP process and equally difficult to audit property quality (Business traveler review benchmarking) within the hotel program year on year. PriceGain-Audit will empower all corporate travel managers to evaluate the disparity in rates from their existing vendor hotels and assist them to compare and audit all corporate hotel bookings vis-à-vis the best available rates in the market for the same product offerings from the hotels.”




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