Country for PR: United Kingdom
Contributor: PR Newswire Europe
Tuesday, June 18 2019 - 08:00
AsiaNet
RateGain Acquires BCV to Help Hotel Chains Maximize Guest Lifetime Value
CHICAGO, June 18, 2019 /PRNewswire-AsiaNet/--

RateGain today announced the acquisition of BCV, the only hospitality focused 
social media provider with the capacity to monitor and engage the social 
universe 24 X 7. BCV, a RateGain company, will now offer a comprehensive Guest 
Experience Cloud platform [www.rategain.com/guest-experience-cloud-platform]  
with an arsenal of proprietary digital products designed to increase direct 
sales, provide unparalleled guest interactions, and mitigate negative 
experiences helping hotel chains maximize the guest lifetime value.This 
acquisition will further help RateGain unlock revenue across hotel chains, 
airlines, car rentals, OTAs, cruise lines, package providers, TMCs, and 
vacation rentals.

This comprehensive Guest Experience Cloud platform combines the power of BCV's 
social media listening, analytics,creative and engagement capabilities with 
RateGain's AI-driven cognitive revenue management and smart distribution 
solutions.

Commenting on the acquisition Bhanu Chopra, Founder & CEO, RateGain said,"We 
are delighted to welcome Benji, Ari, Cece and the BCV team to the RateGain 
family. RateGain and BCV will replace the traditional waterfall methodology of 
data collection, analysis and action with a more agile model that would bring 
revenue management, sales and marketing together, breaking down the traditional 
silos to generate unprecedented visibility and control to influence & impact 
the guest journey and directly measure impact on booking and Net RevPAR to 
maximize guest lifetime value."

Commenting on the acquisition Benji Greenberg,Co-founder & Chief Executive 
Officer, BCV said, "We couldn't be more excited to be a part of the global 
RateGain family. This deal will also increase our ability to bring 'deep 
learning' powered applications for the travel and hospitality industry in the 
near future.The new integrated platform will give 125,000+ hotel properties, 
access to millions of proprietary social profiles to serve the right message, 
to the right guest,on the right channel, every day elevating the brand 
experience for guests across the research, plan,book and experience journey. We 
will now have access to far more rate intelligence to ensure we're hitting the 
right person across the right platform while increasing guest lifetime value 
for hotels."

RateGain now will be a global award-winning team with the end to end solution 
capability of maximizing revenue every day,including guest experience cloud, 
cognitive revenue management and smart distribution solutions that process over 
240 billion data points, tracks online conversations across 3,95,000 hotels 
globally and connects to 1,500+ demand partners impacting over $13 billion in 
revenue annually.

About RateGain
RateGain is a leading provider of cloud-based innovative solutions for the 
Travel & Hospitality Industry. RateGain provides the latest technology in rate 
intelligence, price optimization, seamless electronic distribution, & brand 
engagement. In 2018, RateGain acquired DHISCO to become the leading, 
comprehensive travel & hospitality technology distribution platform.Please 
visit www.rategain.com

About BCV
BCV is the leading provider of technology enabled social media solutions for 
the hospitality industry. Partnering with 400+ hotels across 20+ leading hotel 
chains and management companies,BCV drives results and delivers ROI via expert 
social media strategy and execution tailored specifically to the needs of 
hotels.Please visit www.bcvsocial.com 
 
Photo - 
https://mma.prnewswire.com/media/923439/BCV_Is_Now_a_RateGain_Company.jpg   
Logo - https://mma.prnewswire.com/media/923440/RateGain_Logo.jpg   
Logo - https://mma.prnewswire.com/media/923438/BCV_Logo.jpg
 
Media Contact
Shweta Rawat
Head of Marketing-RateGain    
shweta.rawat@rategain.com     
+91-98100-30811

Ankit Chaturvedi
Brand Manager-RateGain   
ankit.chaturvedi@rategain.com    
+91-9654502760
 
Source:  RateGain