RateGain Travel shares rise by 2.5% as Brightline Trains selects AirGain for advanced pricing intelligence

RateGain announced a global partnership with FLYR, which aims to bring together RateGain’s channel management and distribution solutions with FLYR’s AI-powered Revenue Optimization System (RMS).

The share price of RateGain Travel Technologies gained 2.5 percent in the early trade on March 21 after US-based Brightline Trains chose the company's AirGain (A RateGain Product) for advanced rail and airline pricing intelligence in the US rail market.

At 09:18am, Rategain Travel Technologies was quoting at Rs 748.00, up Rs 18.05, or 2.47 percent, on the BSE.

AirGain, known for its AI-powered revenue management solutions for airlines, trains, cruises, and online travel agencies (OTAs), offers real-time price intelligence and rate parity solutions, among other services, the company said.

This partnership enables Brightline to access accurate and real-time competitive pricing insights, bolstering its position in the US rail sector, it added.

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On March 19th, it was announced that Budget Car & Truck Rental of Calgary, which is one of the leading franchises in Canada, utilized RateGain's Rev-AI's advanced AI technologies to boost their revenue by $1 million.

In February 2024, the company launched a new platform called Navigator. This platform will aid commercial teams in tracking demand, keeping an eye on the competition, and addressing parity issues in one place, making it easier to maximize RevPAR and reduce manual efforts.

Additionally, RateGain announced a global partnership with FLYR, which aims to bring together RateGain’s channel management and distribution solutions with FLYR’s AI-powered Revenue Optimization System (RMS). This partnership is designed to help hotels enhance their revenue.