homemarket NewsRategain Travel gains over 3% on securing order from Air Seychelles to offer revenue management solution

Rategain Travel gains over 3% on securing order from Air Seychelles to offer revenue management solution

RateGain Travel Share Price | The AirGain platform, developed by RateGain, offers revenue management solutions, including real-time price intelligence and rate parity solutions, benefiting both airlines and online travel agencies.

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By CNBCTV18.com Feb 6, 2024 10:33:01 AM IST (Published)

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Rategain Travel gains over 3% on securing order from Air Seychelles to offer revenue management solution
RateGain Travel Technologies Ltd shares gained 3.5% on Tuesday, February 6, after the company secured an order from Air Seychelles for its AirGain platform.

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This collaboration will offer Air Seychelles access to real-time competitive pricing insights for its domestic and global routes, RateGain said in a stocke exchange filing.
The AirGain platform, developed by RateGain, offers revenue management solutions, including real-time price intelligence and rate parity solutions, benefiting both airlines and online travel agencies.
The partnership comes at a time when the aviation industry is witnessing rapid expansion and heightened competition.
This partnership signifies a strategic step for Air Seychelles, providing it real-time competitive pricing insights—a key element for its ongoing expansion and competitive advantage in regional and global markets.
By harnessing AirGain's capabilities, Air Seychelles will monitor vital routes, promptly adapting to market dynamics, and presenting attractively priced offerings to its clientele. This will elevate its market agility and appeal to travellers.
Established in 1977, Air Seychelles has become a prominent figure in the African aviation sector, prioritising a premium passenger experience. With a modern fleet, the airline is known for its hospitality, punctuality, and commitment to safety.
"As we see the emergence of new tourist destinations in the Indian Ocean, it is important for airlines to stay updated on new demand coming into the region and adjust prices accordingly,"Vinay Varma — Senior Vice President and General Manager, AirGain.
AirGain, a user-friendly and dynamic SaaS solution developed by RateGain, is designed for airline commercial teams. The platform facilitates quicker and more informed pricing decisions with its intuitive user interface and precise real-time price intelligence, accessible anytime and as frequently as needed.
At 9.43am, shares of RateGain Travel Technologies were trading 2.36% higher at ₹867.3 apiece on BSE.

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