With the new features and upgrades, Airlines can now monitor OTAs violating rate parity on their products by exactly matching products across different channels.
RateGain's products team announced the go live of AirGain2.1 with the following updates :
According to Anand Medepalli, CPO, RateGain, "We are excited to introduce AirGain 2.1 with additional valuable features designed to help the airline industry take control of rate parity & pricing operations, efficiently. In our research, we found that rate disparity is one of the major concern for airlines. Rate/availability disparity not only adversely affects direct business, customer's data but also their confidence on the brand .Considering this, AirGain 2.1 release introduces the parity module that helps airlines identify improvement opportunity, and address them quickly through the tool itself. Along with this, the airlines can now access the parity score like Revenue Loss Indicator, Consumer Confidence Index etc to track airline's progress over time"
Anand adds, "Our focus has always been on carefully understanding and analysing the needs of the industry & this release highlights our dedication to customer-driven innovation. AirGain 2.1 has been designed to address the key existing pricing issues faced by the airlines and help them stay ahead of others."
AirGain, the next-gen Pricing Intelligence Solution was launched in November 2017, with an aim to offer real-time big data pricing intelligence, and exhaustive market data to the airlines. The tool takes care of critical business challenges faced by the industry such as inaccurate or delayed pricing, understanding ancillaries pricing and tackling the airline rate parity issues, enabling airlines to take smarter business decisions. We currently monitoring 14000+ routes and 4 Million+ data points for Airlines across the globe.
To see the release video, please click here
RateGain is a leading provider of cloud-based innovative solutions for the Travel and Hospitality Industry. RateGain provides latest technology in rate intelligence, price optimization, seamless electronic distribution and brand engagement. Founded in 2004, RateGain has 12,000 clients around the globe including hotels, online travel agents, airlines, car rental companies, cruise liners as well as tour operators and wholesalers like IHG, Melia Hotels Intenational, Lufthansa, Expedia, Hertz Corporation, Priceline.com, Carnival Cruise, etc. Through our unwavering commitment to excellence and our guiding principles, we help hospitality and travel companies make more revenue every day.
Forward Looking Statements
Certain statements in this release are forward-looking statements, which involve a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those in such forward-looking statements. All statements, other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to the statements containing the words 'planned', 'expects', 'believes',' strategy', 'opportunity', 'anticipates', 'hopes' or other similar words. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding impact of pending regulatory proceedings, fluctuations in earnings, our ability to manage growth, intense competition in IT services, data services and consulting services including those factors which may affect our cost advantage, wage increases in India, customer acceptances of our services, products and fee structures, our ability to attract and retain highly skilled professionals, our ability to integrate acquired assets in a cost-effective and timely manner, time and cost overruns on fixed-price, fixed-timeframe contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, the success of our brand development efforts, liability for damages on our service contracts, the success of the companies /entities in which we have made strategic investments.