WE BELIEVE IN TRAVEL
Why We Still Believe in Travel
Harmeet Singh
Chief Executive Officer
Travel is a need and a choice. You can travel whichever way you want, become a tourist and engage with locals, or be an explorer and understand the culture, history and at times trace your common ancestry. Travel can fight ignorance, bring peace, foster knowledge, stop wars, feed people, create economies, and most importantly travel can recover and the RateGain Family Strongly believes in it. It is almost poetic that right before world tourism day, China, where the virus originated, saw for the first time, higher bookings than the pre-pandemic levels.
Across the globe, all our employees, are working to help travel and hospitality partners with insights, access to technology and advice that helps them find new guests, connect to new relevant partners and unlock new revenue. We still believe in travel and the opportunities it can create for our world, We still believe in a better tomorrow.
We have constantly been investing in sharing insights and on the occasion of WORLD TOURISM DAY commit to not only share insights but give opportunities to those who have been part of the industry, to continue their contribution and help local hotels in the smallest of destinations recover and get access to the most-advanced technology.
Stay tuned as we continue to announce more initiatives and in case you also believe in travel join us.
Staycations are Here to Stay As Guests Start Holiday Planning
We are now moving closer to the Holiday season, and with parts of Europe going back in lockdown, hotels are not witnessing a high volume of Year-end travel chatter on social media. However, an encouraging trend for hotels is a 4x increase in chatter on staycations, giving hope that guests would be booking longer stays during the holiday season, a trend that we are already seeing in our bookings data. Get more trends at our ‘We believe in travel’ page.
We Believe Travelers Are More Curious Than Before
BCV, A RateGain company and hospitality’s proven social media partner works with leading luxury properties to manage their guest experience and the analytics from these messages, clearly tell us, that more people are willing to travel, more people are taking care of restrictions and last but not the least, each HOTEL is handling more guest messages than ever before. Our analytics state that as compared to Aug 2019, each hotel is handling 44% more messages. To understand what these messages were about, see our analysis
We Believe Travelers Are Booking And Not Just Looking
DHISCO, the industry’s most reliable distribution partner, trusted by all major hotel chains globally, is becoming the nerve center of recovery data and more importantly, optimism as we get insights that hint towards travel recovery. Analyzing 2019 vs 2020 Look to Book ratios on a logarithmic scale shows how after the pandemic, the ratios are closely trending to pre-pandemic levels and in some cases going lower than 2019 levels, proving that impulse travel might not be a thing of the past.
We Believe That Some Countries Will Recover By End Of 2020
The world’s top 16 tourism markets are slowly inching towards 2019 levels and RateGain is tracking this recovery week on week. Led by China, United States, UAE, Germany, Thailand, and India, some of the biggest tourism markets are seeing active interest from travelers, and we believe this will improve as we approach the end of 2020.
IF YOU BELIEVE IN TRAVEL
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We are helping the industry get back, get access to the best-in-class technology. Join us as we build a better tomorrow
Contribute to Our Belief
If you have been part of the industry and are looking to partner with us to help hotels in your region find travelers, talk to us
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