Rategain shares: On the morning of March 26, RateGain Travel Technologies saw a promising uptick of over 3 percent following its announcement of a strategic collaboration with Madrid-based Summerwind GSA for airline representation.
The company emphasized that its AI-powered pricing solution, AirGain, will join forces with Summerwind’s extensive industry expertise and worldwide presence. Through this collaboration, Summerwind can provide its airline clients with access to AirGain’s comprehensive data and insights, empowering them to gain a competitive advantage in the dynamic aviation market.
The stock was up 2.5 percent from the previous closing when it was trading at Rs 784 on the National Stock Exchange at 11:20 am. Notably, throughout the previous year, the share price of Rategain has increased by an astounding 140%.
In a regulatory filing on March 26, the company stated that with the incorporation of AirGain’s technology, Summerwind will provide its airline partners with unprecedented access to real-time pricing data and insights sourced from over 200 channels, encompassing websites, mobile apps, and Global Distribution Systems (GDS).” – Rategain shares
This strategic partnership equips airlines with AI-powered tools, enabling them to adeptly navigate market trends and dynamically adjust to pricing fluctuations.
Rategain AirGain was recently chosen by US-based Brightline Trains to provide superior rail and airline price analytics for the US rail sector. This collaboration allows Brightline to leverage precise and up-to-date competitive pricing insights, strengthening its position within the US rail sector.
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