What drove your March quarter performance?
There were multiple factors which provided impetus to RateGain’s growth. The relaxation of Covid-19 norms in Europe and Asia – is helping international travel to bounce back and is driving our distribution business expand was a prominent one. There is also a rising need to do more with lesser resources – which is pushing digitsation and automation. Digitisation and automation are no longer initiatives for hospitality – these are now strategies to win and hotels are relying on Martech products. The industry has recognised that it is now time to onboard technology and to do it fast in order to get more accurate insights at the earliest and RateGain’s DaaS solution are helping with that.
Can you walk us through your recent deal wins, and the outlook over the same?
We enabled 50+ new pairings between existing supply partners and demand partners helped in driving growth. This included connecting the top five hotel chains of the world to regional leading OTAs such as Rakuten as well as new emerging OTAs such as Hopper, which is now the fastest growing mobile first travel application in the United States.
FY22 was a year when our Martech division recovered from the pandemic and delivered the biggest sales in the history of the division. The Martech business unit with a recurring revenue of 98.6 per cent contributed to 33 per cent of the revenue. Growth has been driven by an increase in existing volumes in our metasearch product which grew by 175 per cent YoY on net revenue. The business unit continues to see considerable demand for its metasearch offerings as more hotels try…