Buenos Aires, Sep 9 2020: RateGain Technologies, the leading SaaS company for travel and hospitality, today announced a global strategic partnership with TARMAC, the leading revenue management consultants for the Latin American Airline industry. This partnership will allow airlines to derive unlimited competitive pricing intelligence in real-time through RateGain’s competitor pricing intelligence solution, AirGain allowing them to make more dynamic pricing changes in the post COVID world and customized revenue management approach created by TARMAC consulting.
Pre-COVID, Latin American airlines had started making the shift to LCC due to prevailing economic challenges to conserve revenue and improve profitability. With COVID impacting both travel as well as economic activities, the revenue management, and pricing teams more than ever require actionable insights that help them make better decisions faster. RateGain and TARMAC’s partnership will help airlines recover. RateGain and TARMAC’s partnership will result in the co-creation of an integrated offering where customers can leverage the actionable competitor market intelligence from real-time market data and optimize revenue management practices, leveraging TARMAC’s expertise in revenue management aimed at driving recovery in a year considered one of the worst years for Aviation since the second world war.
The offering will enable airline pricing and revenue teams to remain up to date in real-time on the evolving market conditions and optimize pricing strategy faster, leveraging actionable data-based insights delivered by AirGain. TARMAC’s expertise in creating customized revenue management strategies in context to an airline’s business objectives will then leverage these insights to help optimize processes across people development, lean process definitions, accurate information distribution, and precise technology configuration.
Commenting on the partnership Juan Afeltra, Founder, TARMAC said, “We are thrilled to have RateGain as a Partner and to collaborate on building a ‘Better Tomorrow’ for the Latin American Airline Industry”. This Partnership will help airline Revenue Management teams in Latin America to get the best of insights both local and global, with the combined expertise of TARMAC’s team and RateGain’s technology. Together we are committed to helping the industry improve market visibility and decision-making process as they recover from this crisis.”
“TARMAC’s expertise in creating customized revenue management strategies when combined with RateGain’s experience of providing the fastest growing airlines across the globe with competitor pricing intelligence, allows us to co-create technology-powered innovation as we enter the new normal for airlines. We are excited about what we can achieve together and the difference we can make in revenue management and pricing framework for the airlines in the post COVID era,” said Shweta Vashisht, Global Head of Travel Solutions, RateGain.
To know more about the partnership, how you can benefit and leverage the power of accurate data to transform airline pricing and revenue management visit http://rategain.com/partnership-contact-us/
RateGain is a leading provider of SaaS products, which help travel and hospitality companies with cognitive revenue management, smart e-distribution, and brand engagement to make more revenue every day. RateGain is proud to support 250,000+ hotel properties globally by providing 240 billion rate and availability updates & powering over 30 Million bookings. RateGain is trusted by 25 out of the top 30 OTAs, world’s fastest-growing airlines, 23 of the top 30 hotel chains, tour operators and wholesalers, all top car rental companies, largest cruise lines, and the largest travel management companies. 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 https://rategain.com
TARMAC customizes best revenue management practices to fit airlines’ needs and deliver tangible performance results. To know more visit https://www.tarmac.tech/
“Thrust and lift allow us to fly, but it’s on the runway where these combine during takeoff. It’s because of a strong TARMAC foundation that we can get up there at all”.
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.