RateGain Travel Technologies Limited (RateGain), a global provider of SaaS solutions for travel and hospitality, announced today that Air India, the flagship carrier of India owned by India's largest conglomerate the Tata Group has selected RateGain's - AirGain product to dynamically adjust prices with real-time, accurate, and high-quality airfare data to compete globally with leading airlines. As a flagship carrier, Air India offers connections to close to 90 destinations to over 30 countries across Asia, Europe, USA, Canada and Australia operating one of the largest domestic and international networks in the world. It maintains a fleet of 113 aircraft operating over 500 daily flights.
As fuel prices and inflation continue to increase costs for airlines, travelers are becoming cost conscious and looking for the best airfares. This pressure on costs as well as traveler preference is creating a need for pricing data that will allow Air India to accurately understand market shifts, monitor competitive strategy and understand the right price each time.
AirGain offers actionable insights to quickly react to market price change and stay ahead of the competition through its scalable and intuitive analytical capabilities. Airlines gain competitive intelligence by analyzing market data in real-time. In addition, AirGain's ability to track historical trends and track fare changes on the most-profitable routes makes it easy for Revenue and Commercial teams to stay on top of every market development.
Commenting on the partnership Aruna Gopalakrishnan- Executive Director Corporate Affairs said, "Air India is focused on becoming one of the most competitive airlines in the world and technology will play a big role in it. RateGain is known for helping the world's largest travel companies, and is expected to be playing a role in making Air India the preferred choice of traveller."
Bhanu Chopra, Founder and Chairman, RateGain added, "On the occasion of India completing 75 years of Independence, India's first global brand, Air India is transforming itself, just like the rest of India to compete with the best in the world. The team at RateGain is honored to be associated with this iconic brand. AirGain represents the change that the airline industry and its pricing teams are making to counter global volatility and we are certain that our insights will help Air India achieve the same."
AirGain is an innovative SaaS-based airfare pricing intelligence product designed to enhance the revenue & operational efficiency of the airlines. it offers vital pricing insights & real-time competitive intelligence data that would enable the airlines to come up with a robust revenue strategy with latest market insights.
Shares of Rategain Travel Technologies Limited was last trading in BSE at Rs. 286.50 as compared to the previous close of Rs. 279.65. The total number of shares traded during the day was 34541 in over 1699 trades.
The stock hit an intraday high of Rs. 291.15 and intraday low of 281.05. The net turnover during the day was Rs. 9880687.00.