Predict your next investment

INTERNET | Internet Software & Services / Billing, Expense Management and Procurement
rateboard.info

See what CB Insights has to offer

Stage

Acquired | Acquired

Total Raised

$530K

About RateBoard

RateBoard is a provider of revenue management software for hotels in order to optimize their distribution based on information and price suggestions.

RateBoard Headquarter Location

Anichstrasse 5A

Innsbruck, A-6020,

Austria

+43 664 4567803

Latest RateBoard News

protel and RateBoard. Hospitality Technology Titans Team Up to Bring Back Profitable Hospitality!

Aug 21, 2020

Celebrating RateBoards’s 100th Integration via the protel Marketplace. share this article protel Marketplace Welcomes RateBoard — Photo: protel protel, the global software solutions company, announced today that another one of its Technology Partners, RateBoard , a revolutionary revenue management software, has successfully completed the milestone of 100 integrations into hotels around the world via the protel Marketplace. Another success story for the industry during a time when good news is very rare. These 100+ integrations have been seamless. The protel Marketplace allows all developers the opportunity to be exposed to a global market of over 14,000 hotels and this fantastic milestone. This milestone is further evidence of how building platform technology, which is not closed to outside developers, is so important to not only the hotel industry but all industries around the world. "Nothing is more valuable than a long and trusting partnership, as it is through such collaborations that we are able to deliver value to our joint customers. Knowing that 100 more hotels now enjoy this value, makes us very proud" said Wilco de Weerd, Director of Partnerships for protel. The most beneficial factors for the industry arising from the  RateBoard and protel Marketplace partnership are as follows: Access to 1200+ integrations with the protel Marketplace Integrations are available for all protel products When investing in RateBoard , hotels cant expect an annual revenue increase of 8 to 15 percent. All room rates can be adapted in RateBoard and will be sent to all booking platforms automatically through the protel integration. RateBoard is a high-quality technology company that employs experienced revenue managers to increase the average room rate and thereby improve revenue and increase profit for any size of hotel. The algorithm calculates the daily profitable price suggestions based on the most relevant data. RateBoard´s stable price algorithm takes the following data into consideration: Historical and actual booking situation Competitors We think that simplifying the integration process, making it rapid and reliable while reducing costs, will lead to the industry innovation breakthroughs that have long been promised.Allowing hotels to pick, mix and test cutting-edge technologies across the whole group, combining existing solutions with new functions from vendors otherwise outside their practical reach, will invigorate the market. About protel | Hotel software made in Germany protel solutions form a robust technology stack for all hotel business types, with a worldwide team of local partners to support it. The ground-breaking app store, accessible directly via the protel PMS, has rapidly changed the way hotels and their technology vendors do business. Formed 25 years ago in Dortmund, Germany, shaped by one of the most dynamic overseas investment markets in the world, the beating heart of this modern software company serves only hospitality. The first cloud-native PMS and apps went live in 2009, and two consecutive Olympic villages - "the largest hotels on Earth" - were built on protel. Operations expanded internationally to over 90 countries, leading to branch offices in Dubai, Vienna, and Atlanta. Currently, more than 14,000 hotels worldwide choose to power their business with protel. Continuing to influence the technological change collectively known as "the hospitality industry," protel speaks fluent hotel. Talk to us today  www.protel.net

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing RateBoard

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

RateBoard is included in 2 Expert Collections, including Hotel Tech.

H

Hotel Tech

342 items

Tech-enabled companies offering services and products focused on hotels. This collection includes hotel booking services, virtual concierge solutions, staff management and products for connected rooms, among others.

F

Fintech

10,750 items

Excludes US-based companies

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.