Rategain has announced a groundbreaking collaboration aimed at equipping airlines with cutting-edge AI tools, empowering them to efficiently navigate market trends and swiftly adapt to pricing fluctuations.
Rategain Travel Technologies experienced a substantial surge of over 3% during the morning trading session on March 26, following the exciting announcement of a strategic partnership with Summerwind GSA, headquartered in Madrid, Spain, specializing in airline representation.
The collaboration marks a pivotal moment for both entities as they join forces to leverage their respective strengths and capabilities in the ever-evolving aviation industry. Rategain’s innovative AI-powered pricing solution, AirGain, will merge with Summerwind’s extensive industry experience and global reach, promising a synergistic relationship poised to drive significant value for airline clients.
Under the terms of the partnership, Summerwind will serve as a conduit, granting its airline clients access to AirGain’s cutting-edge data analytics and insights. This access will empower airlines to make informed decisions and dynamically adjust to pricing fluctuations, enhancing their competitiveness and positioning them strategically in the fast-paced aviation market.
The strategic collaboration underscores Rategain’s commitment to pioneering technological advancements in the travel sector and its dedication to providing unparalleled value to its partners and clients. As the partnership unfolds, both Rategain and Summerwind are poised to unlock new opportunities and chart a course for continued growth and success in the aviation industry.
By 11:20 am, Rategain’s shares were trading at Rs 784 on the National Stock Exchange, reflecting a 2.5 percent increase from the previous close. Notably, Rategain’s share price has soared by an impressive 140 percent over the past year.
In a regulatory filing dated March 26, the company announced the integration of AirGain’s advanced technology, enabling Summerwind to offer its airline partners unprecedented access to real-time pricing data and insights sourced from over 200 platforms, including websites, mobile applications, and Global Distribution Systems (GDS).
The recently formed strategic alliance furnishes airlines with state-of-the-art AI-driven tools, empowering them to adeptly navigate market trends and swiftly adapt to pricing fluctuations.
In a significant development last week, US-based Brightline Trains opted for Rategain AirGain, a cutting-edge solution for advanced rail and airline pricing intelligence within the US rail market. This collaboration grants Brightline Trains access to precise and real-time competitive pricing insights, further solidifying its standing in the dynamic US rail sector.
Sources: moneycontrol.com
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