AUGUST 1st, 2019, New Delhi: RateGain today announced a strategic partnership with Maxamation, a leading revenue management solutions provider of Aviator RM, trusted by over 50 airlines. Under the partnership, RateGain would offer crucial industry data and comp-set pricing insights to Aviator through its advanced, next-gen, airfare intelligence solution, AirGain. This would enable airlines to process the data quickly and thereby, get swift actionable insights through Aviator RM allowing them to move towards a more accurate and competitive pricing model.
Through the seamless integration, all airlines using Aviator will have an opportunity to attain real-time competitive price intelligence feed, which would include access to in-depth data on fare comparison, market dynamics, ancillary data, rate parity analysis, etc. reducing time and effort in making pricing decisions and therefore impacting time to market. Airlines will now be able to get a single view of competitive pricing strategy, sales, inventory settings as well as forecasts.
Commenting on the partnership, Apurva Chamaria, Chief Revenue Officer, RateGain, said, “As revenue management facilitators, both RateGain & Maxamation believe in the power of real-time data, data velocity, data variety and AI/ML-driven algorithms. RateGain has always been focused and invested in ensuring that our data feed is real-time. However, the effective use of this real-time data is only when revenue managers can access this instantly. This integration will allow airlines revenue teams to do exactly that while maintaining high accuracy, helping airlines respond to market changes faster.”
According to Peter Brewer, CEO, Maxamation, “At Maxamation, we are committed to the continuous growth of our partner airlines and one of our core objectives is to integrate data partners that help airlines move forward. In a short span of time, RateGain has established itself as a reputed intelligence partner for the airlines industry, enabling the growth of the fastest-growing airlines, and therefore our integration with them came as a natural choice to us. RateGain’s expertise in providing real-time in-depth rate intelligence will help add value to our Aviator revenue management system and the 50+ partners who work with us to maximize revenue.”
Powered by Big Data, AirGain is an innovative SaaS-based airfares pricing intelligence tool designed to improve and enhance the revenue and operational efficiency of the airline industry.
About Maxamation: :
Founded in 1997 and headquartered in Sydney, Maxamation is a leading provider of revenue management software to the airline industry. The automated, integrated software makes use of smart data and well-proven algorithms to maxamise revenue for every flight. Privately owned and independent, the company has offices in Australia, Canada, USA, South Africa, France and China.
For more details, please visit www.maxamation.com
RateGain is the #1 provider of SaaS products, which help travel, and hospitality companies make more revenue every day. RateGain offers products, which help with rate intelligence, cognitive revenue management, smart e-distribution, and brand engagement. RateGain is proud to support 125,000+ hotel properties globally influencing 13 Bn $ revenue by providing 240 billion rate and availability updates & powering over 30 Million bookings. RateGain is trusted by 25 out of the top 30 OTAs, tour operators and wholesalers, 23 of the top 30 hotel chains, 7 out of the top 10 car rental companies, top 5 cruise lines, and many leading airlines worldwide. In 2018, RateGain acquired DHISCO, which made it the only company in the world to offer end-to-end smart distribution. In June 2019, RateGain acquired award-winning BCV to offer guest experience cloud to maximize guest lifetime value for hospitality chains.
For more information, visit www.rategain.de
Certain statements in this release are forward-looking statements, which involve some 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 acceptance 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.
AVP Marketing -RateGain