homemarket NewsRategain Travel rises 4% on partnership with Brightline Trains for advanced pricing intelligence in US
Rategain Travel rises 4% on partnership with Brightline Trains for advanced pricing intelligence in US
RateGain Share Price | Rategain's AirGain specialises in AI-driven revenue management solutions catering to airlines, trains and online travel agencies (OTAs), providing real-time price intelligence and rate parity solutions. This collaboration empowers Brightline to tap into precise and up-to-the-minute competitive pricing data, strengthening its position within the US rail industry, RateGain Travel Technologies said in a stock exchange filing.
Shares of travel technology solutions provider RateGain Travel Technologies Ltd surged 4% on Thursday, March 21, after the company announced that its product AirGain has been selected by Brightline Trains for advanced rail and airline pricing intelligence in the United States market.
AirGain specialises in AI-driven revenue management solutions catering to airlines, trains and online travel agencies (OTAs), providing real-time price intelligence and rate parity solutions. This collaboration empowers Brightline to tap into precise and up-to-the-minute competitive pricing data, strengthening its position within the US rail industry, RateGain Travel Technologies said in a stock exchange filing.
Established with the aim of transforming rail travel in the United States, Brightline has been linking prominent cities in Florida through high-speed rail services. The company provides amenities such as premium seating, onboard dining and streamlined ticketing procedures.
Partnering with AirGain, Brightline aims to provide the most competitive fares across different service tiers, ensuring its continued dominance in the market, it said. By leveraging AirGain, Brightline will monitor crucial airline and rail rates for its major US routes, ensuring they maintain a leading edge in fare competitiveness, it added.
"Our aim is to be the top choice for rail travellers, offering a service that's not only outstanding but also competitively priced, making us an attractive alternative to air travel. AirGain's intuitive interface and reliable data, supported by excellent customer service, enable our teams to make strategic decisions, keeping us competitive in the US rail market," Travis Christ, Chief Commercial Officer at Brightline said.
Shares of RateGain Travel Technologies were trading 2.82% higher at ₹750.55 apiece on BSE at 9.27 am.
First Published: Mar 21, 2024 10:17 AM IST
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