RateGain Travel Technologies Limited (RateGain), a global provider of SaaS solutions for travel and hospitality, has announced that Cem Air, one of South Africa's leading regional airlines, has selected its airline pricing solution, AirGain for real-time pricing insights from over 200+ sources to make accurate decisions. AirGain provides real-time price intelligence and rate parity solutions for both airlines and online travel agencies to track pricing across channels as well as ancillary offerings provided by airlines, which has become prevalent since the introduction of NDC. With this AirGain, the pricing team at Cem Air aims to get crucial pricing insights and competitive intelligence data, supporting Cem Air in accelerating growth in an ever-evolving market.
The user-friendly interface of AirGain makes it easy to drive swift decision-making and take note of market changes. Additionally, the platform offers real-time competitor insights across channels to minimize discrepancies and reduce revenue losses.
Cem Air will also be able to track and respond to market changes by monitoring dynamic price fluctuations. AirGain's Market Sense will help revenue teams to configure preset alerts based on parameters that are relevant for them. As a result, Cem Air will be among the first to know about significant market shifts, ensuring a competitive edge in the market.
By setting multiple alerts for various markets and competitors, Cem Air's revenue team can receive timely reports directly in their inbox, effectively eliminating the need for manual tracking of price variances. This efficiency translates to more informed decision-making, giving Cem Air an advantage in the increasingly competitive South African market.
Miles van der Molen, CEO of Cem Air, commented on the partnership, "To maintain our status as a preferred regional airline in South Africa, it is crucial for us to have a comprehensive understanding of fares offered to customers across digital platforms. AirGain's user-friendly interface provides us with in-depth, real-time insights into our market and competition, empowering us to make data-driven decisions and offer the best prices to our customers, ultimately resulting in improved revenue margins for Cem Air."
Cem Air currently operates a fleet of modern Bombardier CRJ aircraft and is committed to providing exceptional service to its customers while continually expanding its network across South Africa.
Vinay Varma, Senior Vice President, and General Manager, AirGain added, "We are delighted to partner with Cem Air and expand our presence in the thriving South African market. We recognize the significant opportunities in Africa to implement technologies that can help airlines sustain long-term growth. Cem Air's team identified AirGain as the perfect platform to address their current challenges and increase their market share in the future, and we look forward to providing them with the necessary support to achieve their goals."
AirGain is an intuitive and responsive SaaS solution by RateGain, designed for commercial teams in airlines to help them make faster and better pricing decisions through its easy-to-use interface and accurate, real-time price intelligence at any time of the day, any number of times.
Shares of Rategain Travel Technologies Limited was last trading in BSE at Rs. 396.20 as compared to the previous close of Rs. 383.80. The total number of shares traded during the day was 55149 in over 2201 trades.
The stock hit an intraday high of Rs. 398.40 and intraday low of 384.75. The net turnover during the day was Rs. 21693012.00.