Condor Ferries Chooses RateGain for Next-Gen Revenue Management

Integrates with RateGain’s Advanced Revenue Management Product, FerryGain, to Receive Accurate Forecasting and Pricing Recommendations

5 November 2018

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London, November 05, 2018: RateGain Technologies, the market leader in BI , distribution and revenue management, for travel and hospitality industry, today announced its strategic partnership with Condor Ferries, one of the leading operators of passenger and freight ferry services, to streamline and enhance their revenue management capabilities. The integration with FerryGain would allow the ferry services operating company to accurately forecast the demand of their sailings and receive effective price recommendations by way of data, reports, and alerts. This partnership is part of Condor's digital strategy to improve customer experience and forecast demand.

The easy-to-use interface (UI) of FerryGain would facilitate Condor Ferries with strong analytics and Business Intelligence (BI) reports and would provide filters to choose sailing dates, vessels, etc. for forecasting and price recommendation.

FerryGain is a new age revenue management tool designed specifically for the ferries, to provide them with accurate forecasting and pricing insights using various advanced Machine Learning techniques. By integrating with the booking engine, it also offers price recommendation alerts and allows users to provide feedback on the price recommended.

About Condor Ferries:

Founded in 1964, Condor Ferries is an operator of passenger and freight ferry services between the United Kingdom, the Channel Islands of Guernsey and Jersey and Brittany in Western France. The company runs the high-speed ferries, Condor Liberation, and Condor Rapide. It also operates Commodore Clipper, a conventional car, passenger and freight-carrying vessel, and Commodore Goodwill, a freight only ship. Each year, Condor Ferries carries around 800,000 passengers and 200,000 passenger vehicles. The company is also an active member of the communities within which it operates and supports numerous organisations, sports, and charities through sponsorship and travel.

For more information, please visit www.condorferries.co.uk

About RateGain:

RateGain is a leading provider of cloud-based innovative solutions for the Travel and Hospitality Industry. RateGain provides the latest technology in rate intelligence, price optimization, seamless electronic distribution, and brand engagement. Founded in 2004, RateGain has 12,000 clients around the globe including hotels, online travel agents, airlines, car rental companies, cruise liners as well as tour operators and wholesalers like IHG, Melia Hotels International, Lufthansa, Expedia, Hertz Corporation, Priceline.com, Carnival Cruise, etc. RateGain processes over 20 billion data points daily from more than 1,000 sites to provide value every day. In 2018, RateGain acquired DHISCO to become the leading, comprehensive travel and hospitality technology distribution platform. Through our unwavering commitment to excellence and our guiding principles, we help hospitality and travel companies make more revenue every day. For more information, please visit https://rategain.com/

RateGain: For further details, please contact:

Aditi Bhandari, Senior Manager - Marketing
aditi.bhandari@rategain.com

Forward-Looking Statements:

Certain statements in this release are forward-looking statements, which involve a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those in such forward-looking statements. All statements, other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to the statements containing the words 'planned', 'expects', 'believes',' strategy', 'opportunity', 'anticipates', 'hopes' or other similar words. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding impact of pending regulatory proceedings, fluctuations in earnings, our ability to manage growth, intense competition in IT services, data services and consulting services including those factors which may affect our cost advantage, wage increases in India, customer acceptance of our services, products and fee structures, our ability to attract and retain highly skilled professionals, our ability to integrate acquired assets in a cost-effective and timely manner, time and cost overruns on fixed-price, fixed-timeframe contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, the success of our brand development efforts, liability for damages on our service contracts, the success of the companies /entities in which we have made strategic investments.

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