Shares in RateGain Travel Technologies Ltd gained 3.5% on Tuesday, February 6, after the company secured an order from Air Seychelles for its AirGain platform.
This partnership offers Air Seychelles access to real-time competitive pricing for its domestic and global routes, RateGain said in a stock exchange filing.
The AirGain platform, developed by RateGain, offers revenue management solutions, including real-time price intelligence and fare parity solutions, benefiting airlines and online travel agencies.
The partnership comes at a time when the aviation industry is witnessing rapid expansion and increased competition.
This partnership marks a strategic step for Air Seychelles, providing it with real-time competitive pricing insights – a key element for its ongoing expansion and competitive advantage in regional and global markets.
By leveraging AirGain’s capabilities, Air Seychelles will monitor vital routes, promptly adapting to market dynamics, and presenting offers at attractive prices to its customers. This will increase its market agility and appeal to travelers.
Established in 1977, Air Seychelles has become a prominent figure in the African aviation sector, prioritizing 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 the new demand coming into the region and adjust prices accordingly,” Vinay Varma – Senior Vice President and Director General, AirGain.
AirGain, an intuitive and dynamic SaaS solution developed by RateGain, is designed for airline business teams. The platform facilitates faster and more informed pricing decisions with its intuitive user interface and accurate real-time pricing intelligence, accessible at any time and as often as needed.
At 9.43 am, shares of RateGain Travel Technologies were trading 2.36% higher at ₹ 867.3 apiece on BSE.
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