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RateGain to Acquire Myhotelshop to Help Hotels Optimize Guest Acquisition
Friday 24 September 2021

US-based SaaS solutions for travel and hospitality RateGain Travel Technologies Ltd has entered into a definitive agreement for the acquisition of myhotelshop, a company incorporated in Germany, which provides a platform to help hotels improve direct guest acquisition.

Together, myhotelshop and RateGain will now offer hotels the ability to reach more customers at higher returns.

The agreement is in line with RateGain's mission to become the leading revenue maximization platform for the hospitality and travel industry.

As COVID-19 accelerated digitization of customer interactions, according to Phocuswright nine out of 10 travelers engage with travel online.

The research also shows that most travelers do not shop and book from the same source with a majority of online shoppers searching on OTAs and booking on hotel websites.

In the midst of multiple channels including intermediaries, metasearch and OTAs hotels are struggling to create the optimum distribution strategy that helps them drive more bookings and lower acquisition costs.

This increases the need for hotels to move away from disparate systems and have a single provider that can help them get better control on guest acquisition and reduce dependency on one channel.

Myhotelshop offers reporting, bid management and campaign intelligence platform for metasearch publishers and other travel products that enables hotel suppliers, OTAs, and agency clients to reach more customers at higher returns.

RateGain is a provider of SaaS solutions for the hospitality and travel industry, offering travel and hospitality solutions that unlock new revenue every day.

RateGain is an aggregator of data points in the world for the hospitality and travel industry.

Established in January 2012, headquartered in Leipzig, Germany, myhotelshop provides solutions to increase direct sales of hotels and make it a profitable distribution channel by optimizing, managing and distributing hotel content and campaigns to demand partners and driving the online success of its hotel partners.
Date Published: 24/09/2021