AI-Powered SaaS Provider Partners with South American Airline to Revolutionize Pricing Strategies
The 1-year performance of the company shows -33.17 per cent return while the 3-year result reaches 16.19 per cent.
RateGain Travel Technologies Limited announced its strategic partnership with Sky Airline by establishing a global alliance with the South American airline as its leading low-cost carrier. The low-cost carrier Sky Airline has implemented RateGain's advanced pricing intelligence platform called AirGain to boost its competitive pricing abilities and maximize revenue throughout its growing network.
The partnership demonstrates Sky Airline's dedication to applying market intelligence in real time to establish optimal fares that generate profits. The AirGain platform will provide Sky Airline with competitive pricing data from 300 airlines and 50+ OTAs in real time which will help develop enhanced pricing strategies for market leadership. According to Juan Ignacio Galán who leads revenue management & pricing at Sky Airline the company will achieve better pricing through their AirGain partnership. The Senior Vice President and General Manager at AirGain Vinay Varma showed his enthusiasm for assisting Sky Airline by providing real-time data insights that support its expansion.
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RateGain Travel Technologies Ltd operates as the biggest SaaS provider in India's travel and hospitality industry while serving as a major global distribution technology company. The company provides a complete line of interconnected products that handle revenue creation processes through big-data capabilities and platform integration. RateGain operates three business segments: Data as a Service (DaaS), Distribution, and Marketing Technology that jointly drive substantial revenue for the company. The North American market represents 56 per cent of RateGain's revenue distribution while the European market comprises 30 per cent.
The company maintains high customer loyalty through its client base of 3,200 customers spanning 16 Global Fortune 500 Companies along with a Gross Revenue Retention rate of 90 per cent between FY22 to FY24. RateGain achieved new contracts worth Rs 285 crore during FY24 which doubled from the previous year while targeting 20 per cent revenue expansion for FY25.
The current stock price of RateGain Travel Technologies Limited stands at Rs 465.3 as of April 15, 2025. The stock price reached its highest point at Rs 834.9 throughout the last 52 weeks while the lowest point reached Rs 433.7. RateGain Travel Technologies Limited maintains a market capitalization value of Rs 5,330 crore. The 1-year performance of the company shows -33.17 per cent return while the 3-year result reaches 16.19 per cent. The current Price-Earnings (PE) Ratio stands at 26.11. Plutus Wealth Management LLP serves as a significant public investor since they possess 6.40 per cent ownership of the company.
Disclaimer: The article is for informational purposes only and not investment advice.