Dallas, November 3rd: RateGain, a provider of SaaS solutions for travel and hospitality, announced a new update to AirGain, its dedicated pricing intelligence platform for Airlines. The latest update will help airlines get granular insights on their competitors’ historical airfare and indicate fare deviation between two dates for a period of upto 12 months.
With difficulty in predicting demand patterns, recovery in airlines continues to stay volatile due to varying travel restrictions. In such a situation, revenue and pricing teams across airlines need to focus on those routes which are helping them generate more revenue and maximize their returns.
In addition to real-time insights, this also requires pricing teams to easily track if their competition is changing prices frequently for any future high-demand date on profitable routes. AirGain’s latest update will now allow a revenue manager to track these changes easily for up to a period of one year, a capability that no other pricing system can provide today to airlines.
For any departure date, airline revenue managers will instantly track competitor fare changes between any two dates for up to 365 days through the in-built scalable visualizations provided in AirGain, helping them quickly decide what action to take based on the changes they see in the market.
Over the last one-year, pricing teams have struggled to identify repeatable patterns, and no two months or weeks have been alike- and therefore giving them the flexibility to track fares across one year will provide them with more control over their pricing strategy and monitor their competition better.
Commenting on the new release Bhanu Chopra, Chairman and Managing Director, RateGain, said, “Our product innovation philosophy is based on agility, ability and quality –and every new feature focuses on solving for these three tenets. Considering that the industry will continue to experience volatility, which can be extremely challenging for revenue and pricing teams. This release on AirGain provides both agility to revenue managers to track historical fare and the ability to take the right pricing decisions helping them maximize revenue and be confident of recovery.”
To witness AirGain in action and learn how your team can benefit and bring technology-powered transformation for your airline revenue management and pricing strategy, reserve your slot for a free demo. Visit https://rategain.com/airgain-demo/.
RateGain is a global provider of SaaS solutions for the hospitality and travel industry, offering travel and hospitality solutions that unlock new revenue every day. We are one of the largest aggregators of data points in the world for the hospitality and travel industry (Source: Phocuswright Report). For more information visit https://www.rategain.com
RateGain Travel Technologies Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares and has filed a draft red herring prospectus (“DRHP”) with the Securities and Exchange Board of India (“SEBI”). The DRHP is available on the website of the SEBI at www.sebi.gov.in as well as on the websites of the book running lead managers, Kotak Mahindra Capital Company Limited, IIFL Securities Limited and Nomura Financial Advisory and Securities (India) Private Limited, at www.investmentbank.kotak.com, www.iiflcap.com and www.nomuraholdings.com/company/group/asia/india/index.html, respectively, and the websites of the stock exchange(s) at www.nseindia.com and www.bseindia.com, respectively. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see “Risk Factors” of the RHP, when available. Potential investors should not rely on the DRHP for any investment decision.
The equity shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any other applicable law of the United States and, unless so registered, may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. Accordingly, the equity shares are being offered and sold (a) in the United States only to persons reasonably believed to be “qualified institutional buyers” (as defined in Rule 144A under the U.S. Securities Act) in transactions exempt from the registration requirements of the U.S. Securities Act, and (b) outside the United States in offshore transactions as defined in and in compliance with Regulation S and the applicable laws of the jurisdiction where those offers and sales are made. There will be no public offering in the United States.
Global Head – Marketing