Moneycontrol PRO
Open App

RateGain Travel Tech spikes after onboarding client

RateGain said Sonder has connected with RateGain’s Connectivity Switch Platform introducing its own dedicated chain code, SS.

September 21, 2022 / 10:20 AM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Shares of RateGain Travel Tech rose on September 21 after the company signed a deal with Sonder Holdings – a hospitality company – to provide its services.

RateGain said Sonder has connected with RateGain’s Connectivity Switch Platform introducing its own dedicated chain code, SS. This makes it faster and easier for agents to search for Sonder availability on travel reservation systems.

Sonder offers both hotel and apartment-style properties in over 40 cities worldwide, including top business destinations like New York City, London, Dubai, Paris, Toronto, and Philadelphia.

“Partnering with Sonder will give their inventory the broadest exposure to all distribution channels, including the top Global Distribution System (GDS) platforms, at a time when demand for corporate travel is rebounding, and business travellers are seeking new accommodation options which break the mould of a traditional hotel,” said Chinmai Sharma, president – Americas, RateGain.

A Sonder survey of US travellers earlier this year found that 92 percent of business travellers consider the design of their accommodation important, 11 points higher than all travellers surveyed, the company claimed.

Close
Shares of RateGain added about 7 percent to its previous close to trade around Rs 294 per share on BSE.
Moneycontrol News
first published: Sep 21, 2022 10:20 am
Sections
ISO 27001 - BSI Assurance Mark