budget rent-a-car of las vegas outperforms market with ... · ryan honig, general manager of the...

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Ryan Honig, General Manager of the largest US franchise of Budget-Rent a Car of Las Vegas wanted to stay ahead of the compe��on and regularize pricing across different pla�orms and with different brokers and aggregator sites available, as the risk of being undercut was high. However, most of these tasks were highly �me-consuming and required manual efforts, leading to several issues Outperforms Market with Real-Time Actions Budget Rent-A-Car of Las Vegas To control the market better Ryan and his team wished that they could What Ryan and his team needed Scan the market 24/7 for any flux Iden�fy the ideal cos�ng point/range Update pricing easily and effortlessly Proac�vely set the price in real �me Define strategies for addressing similar market behavior

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Ryan Honig, General Manager of the largest US franchise of Budget-Rent a Car of Las Vegas wanted to stay ahead of the compe��on and regularize pricing across different pla�orms and with different brokers and aggregator sites available, as the risk of being undercut was high.

However, most of these tasks were highly �me-consuming and required manual efforts, leading to several issues

Outperforms Market with Real-Time Actions

Budget Rent-A-Car of Las Vegas

To control the market better Ryan and his team wished that they could

What Ryan and his team needed

Scan the market 24/7 for any flux

Iden�fy the ideal cos�ng point/range

Update pricing easily and effortlessly

Proac�vely set the price in real �me

Define strategies for addressing similar market behavior

RateGain offers RevGain-Car as a one-stop pla�orm addressing these requirements. The pla�orm automates the en�re process, providing a single interface to track brokers, compe�tors, and various POS.

The rules-based engine gives sugges�ons based on historic data and on-ground purchase pa�erns. Prices can be updated directly from the pla�orm or scheduled for a later date ensuring that you never lose revenue.

Lack of reliable compe�tor rate monitoringAmbiguity regarding best-fit priceEffort duplica�on during price updatesNeed to implement new strategies for the same market trendAn average lag of 6 hours between market change and price update

Rate shopping module to extract comprehensive market overviewsPrice update scheduler to automa�cally change prices according to fixed business rulesBulk update op�on, configuring hundreds or even thousands of schedulers at one goSave strategy op�on, compiling mul�ple altera�ons to the system into one holis�c se�ngOne-click strategy implementa�on, enabling reusability of the knowledge base

Improve efficiency: Shorter change/upload �melines via bulk re-configura�onsDynamic response capabili�es by selec�ng one strategy for mul�ple use-casesReal-�me Update: Proac�ve price updates without the need for a rate shopping report or complex analy�cs

Challenges they faced

Why RateGain

What we delivered

What worked for them

Proven Results

50%+ enhancement in control over market variance15% improvement in booking and revenue with the latest releaseSignificantly shorter Average Response Time, from 6 hours to a few minutes 90%+ reduc�on in number of manual resources required

Ryan HonigGeneral Manager - Malco EnterprisesLas VegasBudget Group

RateGain con�nues to be one the best companies that we have ever partnered with! Since we operate in one of the Top 10 U.S. markets, the compe��ve pricing landscape changes by the minute. With the assistance of their pricing automa�on program, we have been able to ensure we are more compe��ve, more o�en. It permits us to execute our various pricing strategies so that we can achieve the proper balance between volume and price. In addi�on to a this invaluable program, the customer service & support provided by the RateGain team is First Class! The team is very responsive to our requests and promptly follows up on any ma�ers that we need assistance with.

RateGain is a leading provider of cloud-based innova�ve solu�ons for the Travel and Hospitality Industry. RateGain provides latest technology in rate intelligence, price op�miza�on, seamless electronic distribu�on 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 Intena-�onal, Lu�hansa, Expedia, Hertz Corpora�on, Priceline.com, Carnival Cruise, etc. Through our unwavering commitment to excellence and our guiding principles, we help hospitality and travel companies make more revenue every day. For more informa�on please visit h�ps://rategain.com/.

marke�[email protected] www.rategain.com