RateGain Travel Technologies Ltd, on Thursday, October 24, said the Flight Centre Travel Group (FCTG) has adopted the advanced price intelligence solution offered by the former’s subsidiary AirGain.
FCTG is a global leader in leisure and corporate travel with a presence in more than 25 countries including Australia, New Zealand, the Americas, Europe, and Asia.
AirGain operates as a provider of Software as a Solution (SaaS) services for the travel and hospitality industry.
In a stock exchange filing, RateGain said with the introduction of AirGain’s Power Compare feature, FCTG can efficiently compare airfares across Online Travel Agencies (OTAs) and gain insights to boost profitability and strengthen its market positioning.
The company claimed that the Artificial Intelligence (AI)-driven technology has improved decision-making and increased revenue, with 99.6% data sufficiency and 100% issue resolution through dedicated support.
“Our partnership with RateGain has empowered our pricing analysis and revenue management capabilities across multiple markets. RateGain has consistently demonstrated excellent levels of support and flexibility. This has helped ensure the data and insights provided through AirGain are configured to meet the individual requirements of each region. These insights have greatly assisted our ability to identify and action any opportunities from an informed position,” said Greg Parker, supply CEO at Flight Centre Travel Group
Earlier on October 22, RateGain informed the exchanges that a meeting of its Board of Directors is scheduled for November 8 to consider and approve the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2024.
RateGain Travel Technologies shares traded 0.8% lower at ₹730.25 apiece on the BSE at around 10:50 am on Thursday.
In a year shares of RateGain Travel Technologies have gained over 24% on the BSE. The stock has traded flat, up by 0.22% Year-To-Date (YTD). In six months the stock has slipped over 1%. In a month the stock has traded lower by over 2% In five days the stock has declined 0.51%.
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