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.” Key Features - Taking different criteria into consideration - such as location, number of rooms, room types, star rating, amenities, historical/ future rates AND business traveler reviews and ratings - identify a better comp-set of hotel properties to aid the RFP process itself. - Tracking future BAR rates (365 days or more) of all the hotels in the program. To know details, please feel free to contact us. - Ongoing powerful access to Loss (lower rates available than their negotiated rates) or Saving (negotiated rates lower than any available online rate) reports on hotel spend week on week, month on month and quarter on quarter. This intelligence provides the ongoing insight to hotel program performance against negotiated rates. To know more about PriceGain-Audit, please visit http://www.rategain.com/pricegain_audit.html. About RateGain RateGain, one of the most awarded hospitality and travel technology companies, offers innovative web-based solutions to top Online Travel Agents, Airlines, Wholesalers and Hotels across 65 countries. Our solutions are in the areas of Online Channel Management, Guest Satisfaction Audit, Competitive Price Intelligence, Reputation Management and Social Media Marketing. Established in 2004, RateGain is headquartered in Noida, India with offices in the US, Thailand, Spain, Dubai and the UK. For more information, please visit www.rategain.com.