Budget Car Rental Franchise in Canada uses AI to increase revenue by $1 Million with RateGain

RateGain Travel Technologies, the leading provider of SaaS products for travel and hospitality, today shared that Budget Car & Truck Rental of Calgary, one of the leading franchises in Canada leveraged RateGain's Rev-AI's cutting-edge AI technologies to increase revenue by $1 million.

Rev-AI is designed to simplify demand forecasting and pricing strategies, streamline pricing updates, accelerate decision-making processes, and provide insights for strategic fleet decisions.

Due to these features Budget Calgary was able to reϐine their demand predictions and pricing strategies with a 90-day advance forecast, update prices 15,000 times per hour, and confidently executed a strategic $1-million fleet decision.

"The Rev-AI tools have been a game-changer in enhancing our strategies for revenue management and overall business performance. Their data-driven insights have been pivotal in helping us stay competitive and adapt effectively to market shifts, thereby maximizing profitability. Thanks to Rev-AI, we've been able to make well-informed decisions, ensuring our business's long-term success and keeping us at the forefront of industry trends." - Wade L Stender, Senior Manager of Revenue & Reservations at Budget Car & Truck Rental of Calgary.

Car rental businesses across 25000+ locations use RateGain's Car Rental Solutions including RevAI to optimize their business margins.

Shares of Rategain Travel Technologies Limited was last trading in BSE at Rs. 736.25 as compared to the previous close of Rs. 743.90. The total number of shares traded during the day was 42417 in over 3615 trades.

The stock hit an intraday high of Rs. 755.95 and intraday low of 713.95. The net turnover during the day was Rs. 31142293.00.

Source : Equity Bulls

Keywords

RateGainTravelTechnologies INE0CLI01024 BudgetCar Truck Rental Calgary AITechnology