London, September 18, 2019 : RateGain Technologies, today announced that its real-time airline pricing intelligence solution, AirGain will now be able to provide apple to apple mapping of rates for Airlines. This new feature will help airline revenue managers easily understand the break up of each price point by giving visibility into fare components such as tax breakup, FBC rules, fare family and other ancilliary components helping them execute a more competitive pricing strategy.
As more airlines move to adopt the NDC, Airlines need to get intelligence that helps them make better decisions and compete effecitvely. Today, 90% of the airlines have to rely on intelligence delivered through APIs with little knowledge of its recency, increasing the risk substantially while building the pricing strategy for their airline.
According to Apurva Chamaria, Chief Revenue Officer, RateGain, “Airlines have been working with limited intelligence for years to take pricing decisions based on intuition and their past knowledge of the market. However, as ancilliary takes center stage, we cannot ignore that airline fares have multiple components which are volatile to market fluctuations impacting the total fare. We wanted airline revenue managers to have the power to be able to drill down to the actual price of the seat and track any fluctuations in the fare components giving them more control than ever before and helping them become future ready in the era of NDC.”
AirGain launched in 2017, is an innovative SaaS pricing solution trusted by the world’s fastest growing airlines to access real-time data and monitor parity for unlocking new revenue everyday. Some of the airlines that trust AirGain are Lufthansa, Singapore Airlines, Allegiant Air, Brussels Airlines, Bangkok Airways, Indigo and many more.
RateGain is the #1 provider of SaaS products, which help travel, and hospitality companies make more revenue every day. RateGain offers products, which help with rate intelligence, cognitive revenue management, smart e-distribution, and brand engagement. RateGain is proud to support 125,000+ hotel properties globally influencing 13 Bn $ revenue by providing 240 billion rate and availability updates & powering over 30 Million bookings. RateGain is trusted by 25 out of the top 30 OTAs, tour operators and wholesalers, 23 of the top 30 hotel chains, 7 out of the top 10 car rental companies, top 5 cruise lines, and many leading airlines worldwide. In 2018, RateGain acquired DHISCO, which made it the only company in the world to offer end-to-end smart distribution. In June 2019, RateGain acquired award-winning BCV to offer guest experience cloud to maximize guest lifetime value for hospitality chains. For more information, visit www.rategain.com
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AVP Marketing -RateGain