This travel technology company surges close to 4 per cent after bagging a new deal, do you own it?

The company’s management believes there is immense potential in the African Market to adopt technologies that help airlines sustain growth over the long term

On Thursday, shares of RateGain Travel Technologies surged over 3.96 per cent to make an intraday high of Rs 311.95. The scrip witnessed some profit booking and closed 0.07 per cent down at Rs299.85 apiece.

Today the company announced that Air Senegal, the national carrier of the Republic of Senegal, has selected RateGain’s AirGain product to accelerate its growth in a dynamic market by getting access to accurate and real-time market insights every day. Using AirGain, Air Senegal will be able to track movements on all the important OND routes 80 per cent faster to stay on top of market changes and give the most competitive offer to its customers. 

The company’s management believes there is immense potential in the African market to adopt technologies that help airlines sustain growth over the long term. They are thrilled to have partnered with Air Senegal and expand their presence in the growing African market. 

RateGain Travel Technologies Limited is a global provider of SaaS solutions for travel and hospitality that works with 2200+ customers in over 100 countries helping them accelerate revenue generation through acquisition, retention and wallet share expansion. Founded in 2004 and headquartered in India, today RateGain works with Top 23 of 30 Hotel Chains, Top 25 of 30 Online Travel Agents and all the top car rentals including 8 Global Fortune500 companies. 

RateGain is one of the world’s largest processors of electronic transactions and price points for the travel and hospitality industry and is the largest Software as a Service (“SaaS”) company in the hospitality and travel industry in India.  

Keep a close eye on this trending travel technology company.