RateGain Travel rallies after renewing partnership with Tunisair
RateGain Travel Technologies jumped 4.31% to Rs 476.05 after the company announced the renewal of its partnership with Tunisair, Tunisia's flagship carrier, for an additional three years.
This extension builds on a successful two-year collaboration with AirGain, RateGain's advanced pricing intelligence platform, which has helped Tunisair enhance its revenue management strategy, optimize fares, and maintain a competitive edge in dynamic markets.
Tunisair, a key player in Tunisia's aviation sector, operates an extensive network across Europe, Africa, and the Middle East, ensuring seamless connectivity for millions of travelers. As a trusted partner of AirGain since 2022, Tunisair has leveraged the platforms AI-driven analytics to monitor real-time competitor pricing, identify revenue opportunities, and adapt to evolving market trends. The renewal of this partnership reflects Tunisairs confidence in AirGain's proven capabilities and reinforces the airlines commitment to sustained growth through data-driven decision-making.
The company stated that, building on its success, AirGain will soon introduce the industry's first AI-powered Route Performance Digest to Tunisair. This tool will provide daily route performance insights to enhance fare optimization. It will enable Tunisair to quickly detect anomalies, refine pricing strategies, and make data-driven decisions with greater confidence. As AirGain continues to innovate, this automated solution is poised to be a game-changer for airlines aiming to stay ahead in an ever-evolving market.
Amina BEN AMMAR (head of revenue management, pricing, distribution, and e-commerce) at Tunisair said, With AirGain, we have been able to enhance our pricing strategy with accurate and timely insights. The past two years have demonstrated the value of this partnership, and we are pleased to extend it for another three years to continue optimizing our market position and offer travelers the best possible fares.
Vinay Varma, senior vice president and general manager at AirGain, stated, Extending our collaboration with Tunisair builds on the strong foundation we've developed over the past two years. We've worked closely with their team to refine pricing strategies, respond to market dynamics, and drive profitability. This renewal reinforces the trust Tunisair has in our solutions and our shared commitment to innovation. We look forward to continuing to support their growth journey.
RateGain Travel Technologies is a global provider of SaaS solutions for travel and hospitality. It is one of the world's largest processors of electronic transactions, price points, and travel intent data, helping revenue management, distribution, and marketing teams across hotels, airlines, meta-search companies, package providers, car rentals, travel management companies, cruises, and ferries drive better outcomes for their businesses.
The companys consolidated net profit surged 39.9% to Rs 56.54 crore on 10.6% jump in revenue from operations to Rs 278.71 crore in Q3 FY25 over Q3 FY24.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
28 minutes ago
- Hans India
India's hospitality sector expected to clock 8 pc growth in FY26: Report
India's hospitality sector is expected to post a revenue growth of 6-8 per cent in FY2026 on the high base recorded after three years of double-digit revenue expansion seen by the industry over FY2023 to FY2025, according to an ICRA report released on Monday. ICRA estimates pan-India premium hotel occupancy to hold at 72-74 per cent in FY2026, slightly higher than the 70-72 per cent levels witnessed in FY2024 and FY2025. The average room rates (ARRs) for premium hotels are projected to rise to Rs 8,200-8,500 in FY2026, after a healthy Rs 8,000-8,200 in FY2025 amid lagging supply additions and several hotels undergoing renovation, refurbishment, and upgradation. Jitin Makkar, Senior Vice President ICRA Limited, said: "After three years of strong demand, driven by favourable domestic leisure travel, demand from meetings, incentives, conferences and exhibitions (MICE), including weddings, and business travel, the growth in the Indian hospitality sector is forecast to normalise at 6-8 per cent year-on-year in FY2026." "While the terror attacks in April 2025 and consequent heightened uncertainties in North and West India in May 2025 had led to a surge in cancellation of travel/MICE, the impact has been largely temporary and localised. In recent weeks, there has been a healthy recovery in sentiments following the abatement of the conflict," he added. Foreign tourist arrivals (FTAs) to India are expected to remain muted in the next few months in the aftermath of the terror attacks, but are estimated to witness a gradual recovery thereafter. However, domestic tourism has been the prime demand driver so far and is likely to remain so in the near term, the report states. Factors like improvement in infrastructure and air connectivity, favourable demographics, and anticipated growth in large-scale MICE events, with the opening of multiple new convention centres in the last few years, among others, shall support the growth over the medium term, according to the report. ICRA's sample set, comprising 13 large hotel companies, is likely to report range-bound operating margins of 34-36 per cent for FY2026, despite a lower revenue growth. The margins will remain supported by factors like cost rationalisation measures and asset-light expansions in recent periods. However, within the sample, it is likely to be a mixed bag, depending on renovations and an increase in employee expenses amidst growing demand. De-leveraging of balance sheets has led to lower interest costs and is likely to support net margins, as well as improvement in credit metrics, the report observes. 'The demand uptick over recent years led to an increase in supply announcements and resumption of deferred projects in the past 24-30 months. However, supply growth is expected to lag demand over the next 12-18 months." "ICRA's premium room inventory database (12 key cities) across the country indicates a compound annual growth rate (CAGR) of 4.5-5 per cent in room inventory addition during FY2023-FY2026. A large part of the new supply is through management contracts and operating leases. Land availability issues currently constrain supply addition in the premium micro-markets in metros and larger cities. The addition to premium hotel supply in these areas is largely on account of rebranding or property degradation, and the greenfield projects are largely being initiated in the suburbs," Makkar added.
NDTV
37 minutes ago
- NDTV
Starlink Device May Cost Rs 33,000 In India, Monthly Plan Charges Likely At Rs 3,000
Quick Read Summary is AI generated, newsroom reviewed. Elon Musk's Starlink plans to start operations in India soon, offering a satellite dish for Rs 33,000 and a monthly unlimited data plan for Rs 3,000. A trial month is included. The service aims to enhance connectivity in remote areas. New Delhi: Elon Musk's satellite internet service Starlink is preparing to commence operations in India within the next two months after receiving its license last week, sources said. The company has finalised its pricing structure for the Indian market, setting the cost of the required satellite dish device at approximately Rs 33,000. The monthly unlimited data plan is expected to be priced at Rs 3,000. As part of its launch strategy, Starlink plans to offer a complimentary one-month trial period with each device purchase, allowing customers to test the service before committing to regular monthly payments. The satellite internet service is expected to significantly impact connectivity in India's remote and underserved areas, where traditional broadband infrastructure has been challenging to establish. Starlink's low Earth orbit satellite constellation promises to deliver high-speed internet access to locations previously unreachable by conventional terrestrial networks. The pricing structure appears consistent with Starlink's regional strategy, as the device costs align with those in neighbouring countries. In Bangladesh, the Starlink device is priced at Rs 33,000, while Bhutan maintains the same Rs 33,000 price point for the equipment. Industry experts suggest that Starlink's entry into the Indian market could intensify competition in the country's telecommunications sector and provide crucial connectivity solutions for rural areas, educational institutions, and businesses in remote locations. The company's imminent launch comes as India continues to push for digital inclusion and improved internet connectivity across its vast geographical expanse, particularly in areas where traditional internet service providers have struggled to establish reliable networks.
Business Standard
38 minutes ago
- Business Standard
EPL allots 2.20 lakh equity shares under ESOS
EPL has allotted 2,20,222 equity shares under ESOS on 09 June 2025. In view of the said allotment, the paid-up equity share capital of the Company stands increased from Rs. 63,91,36,662 divided into 31,95,68,331 Equity Shares (having face value of Rs. 2 each) to Rs. 63,95,77,106 divided into 31,97,88,553 Equity Shares (having face value of Rs. 2 each).
