CNG selects RateGain for hotel pricing intelligence
CHICAGO (February 8, 2005) : RateGain, a leading US-based provider of Innovative Price intelligence solutions, has been selected by leading technology and travel services provider CNG Group plc to provide the Irish-based operation with quality data about competitive Internet rates for hotels.

With an inventory of over 25,000 hotels, CNG’s private rate hotel programme for travel agents and affiliates is one of the biggest in the world. CNG also owns the major consumer-facing hotel booking web site, placestostay.com.

Through its HotelGain solution, RateGain will provide CNG with a real time flow of competitive hotel pricing data to support revenue management processes and systems.

“RateGain’s pricing intelligence solution will help us assess and adjust our private rate hotel pricing in a highly competitive marketplace,” said Anneke Weenen, CNG’s director of revenue.

About CNG
CNG Travel Group plc designs and develops integrated technology solutions for the global travel industry. CNG’s proprietary Travel Lodging Connector (TLC) software enables travel agents and over 1,200 affiliate partners to book with over 25,000 hotels at private rates comparable to those of major online booking services while earning enhanced commissions. As well as owning Tzell Travel, one of the largest corporate travel agencies in the USA, CNG also owns consumer hotel booking portal placestostay.com, one of the US’s largest online hotel booking directories, available in seven languages and providing booking access to thousands of hotels worldwide. Founded by CEO Finbarr Power in 1999, CNG floated on the London Stock Exchange’s AIM market in May 2004, raising £22m. It is currently capitalised at £62 million and employs over 350 staff in Europe and the USA. www.cngtravel.com
www.placestostay.com

About RateGain
RateGain is a software services company providing Internet-based competitive pricing intelligence to the travel industry. The mission is to deliver a comprehensive view of Internet based pricing information to merchant travel portals, airlines, hotel chains, travel inventory consolidators, online retail industry and market research firms.