Marriott International announced 13 deal signings in Turkey comprising over 2,000 rooms.
25.08.2023 - 13:04 / skift.com / Peden Doma Bhutia
India-headquartered travel tech firm RateGain has set its sights on expanding in the Americas, and to spearhead this effort, it has appointed Peter Strebel as President for the Americas region, Skift has confirmed.
Strebel, who serves as the chairman of Omni Hotels & Resorts, will take over from Chinmai Sharma, who had been with RateGain for more than five years.
RateGain aims to accelerate growth and double its revenue within the next three years, and Strebel brings knowledge of the industry and experience in the region.
Strebel has held positions such as executive vice president and chief marketing officer for the Wyndham Hotel Group, where he later became the president before returning to Omni. He has also held board memberships in organizations like the American Hotel and Lodging Association (AHLA) and the Incarnation House in Dallas, Texas.
Strebel was involved in the rebranding and repositioning of Wyndham Worldwide during its acquisition by Cendant Hotel Group.
Founder Bhanu Chopra expressed confidence in Strebel: “The next phase of RateGain’s growth requires a leadership team that can help us outsize the impact we are making on our industry, and I am quite certain that Peter will help in bringing that to RateGain. His experience in leading operations, sales, and marketing will be critical for us to drive more well-rounded growth as we aim for our next big goal.”
Speaking about his new role, Strebel said, “Having built a career by continuously identifying new areas of investment and innovation to change the status quo, I believe that RateGain is also trying to do the same for the hospitality industry. The opportunity to do that for over 100,000 hotels excites me about this opportunity.”
RateGain is also adding industry veteran David Peller to its team as a board adviser. With prior experience at Google and Booking.com, Chopra said, Peller would be instrumental in helping the company scale up its technology offerings as he has also led Amazon’s travel and hospitality division.
During an earnings call on Monday, RateGain shared positive insights from the Skift Travel Health Index, projecting a promising tourism outlook for the summer, with the United States ranking at 108.
Over the past few years, RateGain bolstered its presence in the enterprise segment within the Americas region through acquisitions. As a result, the region has become a substantial contributor to the company’s overall revenue.
Earlier this year, it acquired Adara, a Silicon Valley-based firm in travel martech and predictive consumer intelligence, the company’s fourth acquisition, but the first one after it went public in 2021.
RateGain also acquired Dallas-based hotel distribution tech company Distribution Hospitality
Marriott International announced 13 deal signings in Turkey comprising over 2,000 rooms.
More than $30 million committed to help unlock paths to hotel ownership.
Here are some excerpts from Daily Lodging Report from the past week. If you’re not a subscriber, you should be. Get news on hotel deals, development, stocks, and career moves. Sign up here.
Theme park and resort operator Merlin Entertainments has appointed longtime sports and media executive Scott O’Neil as its CEO effective Tuesday. O’Neil replaces Nick Varney, who announced in April that he was retiring from the company he launched in 1999.
India-headquartered travel tech firm RateGain Travel Technologies is acquiring Adara, a Silicon Valley-based firm in travel martech and predictive consumer intelligence. The cost: a mere $16.1 million, according to RateGain’s filing on the Indian stock market, which puts Adara, long troubled with management and competition issues for the last few years, out of its misery.
Hotel company Sonesta said on Tuesday it would launch a new brand, Sonesta Essential, and offer a just-added brand, The James, to developers.
Indian online travel agency EaseMyTrip announced this week that it has acquired a 55 percent stake in hotel booking marketplace cheQin, owned by Gleego Innovations, for around $370,000.
Omni Hotels & Resorts isn’t your father’s hospitality group — literally and figuratively speaking.
Here are some excerpts from Daily Lodging Report from the past week. If you’re not a subscriber, you should be. Get news on hotel deals, development, stocks, and career moves. Sign up here, now.
Oyo, the India-based budget hotel chain and booking platform, plans to double its premium segment hotel count in Indonesia from around 200 properties to over 400 by the end of 2023.
India-based hotel ownership and asset management platform Samhi Hotels has refiled draft papers with the Indian stock market regulator Securities and Exchange Board of India (SEBI) to raise an initial public offering (IPO) of around $120 million.
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