London, February 12, 2019: RateGain Technologies, the market leader in business intelligence and distribution solutions for travel and hospitality, today announced the launch of AirSight, the next generation solution for airlines, allowing them to gain complete access to comprehensive historical competitive intelligence for airlines. Historical data is essential for today’s airlines to easily identify demand trends and get insights that are vital for an effective go-to-market pricing strategy. Based on both real-time market trends and validated by historical market data, Airlines can now improve time to market and also take better decisions.
According to Apurva Chamaria, Chief Revenue Officer, RateGain, “Historical data serves as a key input for airlines, as it helps them draw valuable insights essential to make informed decisions and develop an effective revenue strategy for themselves. We work with world’s fastest growing airlines and they have shown keen interest in using historical data to drive more accuracy at every price point, and as airlines look at growing in new sectors, historical data on existing markets would help them drive efficiency allowing them to spend more time in developing new markets”.
AirSight aggregates and offers extensive data of airlines from across 19500+ airports and 1550+ websites, and presents them in a user-friendly, easy-to-understand format, thereby lending airline revenue managers a perfect view of the industry and its essential trends. Airlines will employ this data in ancillary price optimisation, expected marginal seat revenue, fuel efficiency and most profitable routes. This data will also help them align their operations effectively.
Apurva also said, “At RateGain, our AIML data science and digital engineering teams are committed to pre-empt and solve every problem that hinders the growth of airlines across the world. RateGain’s ability to effectively handle big data and next-generation machine learning capabilities makes it easier for revenue managers to not worry about any technology and infrastructure issues at their end and only focus on building and executing the right pricing strategy.”
AirGain launched in 2017, is an innovative SaaS-based airfare pricing intelligence product designed to enhance the revenue & operational efficiency of the fastest growing airlines in the world and is trusted by forward-looking airlines like 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 500,000+ hotel properties globally impacting 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.
For more information, visit www.rategain.com
RateGain Media Contact:
Aditi Bhandari, Senior Manager Marketing
Certain statements in this release are forward-looking statements, which involve some risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those in such forward-looking statements. All statements, other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to the statements containing the words ‘planned,’ ‘expects,’ ‘believes,’’ strategy,’ ‘opportunity,’ ‘anticipates,’ ‘hopes’ or other similar words. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding impact of pending regulatory proceedings, fluctuations in earnings, our ability to manage growth, intense competition in IT services, data services and consulting services including those factors which may affect our cost advantage, wage increases in India, customer acceptance of our services, products and fee structures, our ability to attract and retain highly skilled professionals, our ability to integrate acquired assets in a cost-effective and timely manner, time and cost overruns on fixed-price, fixed-timeframe contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, the success of our brand development efforts, liability for damages.