Latest news with #RateGain
Business Upturn
5 days ago
- Business
- Business Upturn
Air Astana partners with RateGain to boost pricing agility with AI-powered airfare intelligence
RateGain Travel Technologies Limited, a global leader in AI-powered SaaS solutions for the travel and hospitality industry, has announced a strategic partnership with Air Astana JSC, the largest airline group in Central Asia and the Caucasus regions. Air Astana, alongside its subsidiary FlyArystan, has selected RateGain's cutting-edge platform, AirGain, to enhance its airfare pricing strategy with real-time competitive insights. As Air Astana continues to expand its international and regional network connecting Kazakhstan to Europe, Asia, and the Middle East, the airline faces an increasingly complex pricing environment. The collaboration with RateGain's AirGain platform equips Air Astana's pricing and revenue management teams with accurate, real-time data. This enables faster, more confident decision-making, allowing the airline to respond swiftly to market fluctuations while safeguarding revenue and maintaining a strong competitive edge. Known for its operational excellence and modern fleet, Air Astana has consistently been recognized for its award-winning service. The airline recently clinched the title of 'Best Airline in Central Asia and CIS' for the 14th consecutive year at the 2025 Skytrax Awards. This partnership further solidifies Air Astana's commitment to adopting innovative technology solutions that drive efficiency and growth across its commercial operations. Unlike traditional fare tracking tools, AirGain offers Air Astana real-time visibility into competitor pricing across multiple channels, including airline websites, online travel agencies (OTAs), and global distribution systems (GDSs). This empowers the airline to monitor market trends, detect anomalies, benchmark fares, and react quickly to shifting market dynamics. By leveraging RateGain's AI-powered airfare pricing intelligence, Air Astana aims to enhance pricing agility, improve revenue management, and sustain its leadership position in the competitive aviation landscape of Central Asia and beyond. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
22-07-2025
- Business
- Business Upturn
RateGain appoints Parijat Tiwari as EVP & GM to lead distribution business
By Aditya Bhagchandani Published on July 22, 2025, 10:47 IST RateGain Travel Technologies Ltd announced the appointment of Parijat Tiwari as Executive Vice President & General Manager – Distribution, effective July 22, 2025. The appointment underscores RateGain's focus on strengthening its global distribution strategy and leveraging AI-driven innovations to transform the travel and hospitality industry. According to the company's statement, Parijat will spearhead the strategy, innovation, and growth of RateGain's Enterprise Connectivity & Smart Distribution business, which plays a critical role in enabling hotels to improve channel performance, optimize connectivity, and generate higher revenues in real time. Parijat brings over 17 years of experience spanning strategy, operations, and digital transformation across industries. Previously, he served as Senior Vice President at Paytm, where he led AI-powered automation of large-scale operations and enhanced trust in digital payments. His career also includes leadership roles at Fliplearn, AskmeBazaar, Cairn Oil & Gas, and consulting stints at BCG, Kearney, and Inductis. He holds an MBA from IIM Calcutta and a from Harcourt Butler Technical University. Commenting on the appointment, Bhanu Chopra, Founder & Managing Director, said: 'Parijat brings a rare combination of strategic vision, operational expertise, and a strong grasp of how AI can transform distribution at scale. His leadership will be key to expanding our global footprint and delivering greater value to our partners.' Parijat added: 'I'm excited to join RateGain at a time when AI, automation, and real-time data are fundamentally reshaping travel. I look forward to contributing to RateGain's mission of building the world's most valuable AI-powered travel platform by driving growth, innovation, and efficiency.' At the time of writing, RateGain shares were trading modestly higher on the NSE, reflecting investor optimism around the company's leadership moves and continued focus on innovation. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Standard
17-07-2025
- Business
- Business Standard
RateGain successfully deploys Rev-AI for Green Motion South Africa
RateGain Travel Technologies (RateGain) announced the significant success of Green Motion South Africa with Rev-AI, its AI-powered demand forecasting and dynamic pricing platform. A key player in South Africas car rental market, Green Motion South Africa has built its reputation on sustainability and service excellence. However, managing pricing across a growing leet in a volatile post pandemic landscape presented new challenges. By adopting Rev-AI by RateGain, Green Motion South Africa overcame key operational hurdles, introducing intelligent automation to streamline pricing, centralize insights, and enhance revenue performance during peak demand periods. Key outcomes include: - 51.8% Revenue Growth: Leveraging Rev-AIs demand-responsive pricing during the OctVDec 2024 peak season delivered a 51.8% uplift in revenue. h
Business Upturn
17-07-2025
- Business
- Business Upturn
RateGain's Rev-AI drives 51.8% revenue growth for Green Motion South Africa
By Aman Shukla Published on July 17, 2025, 10:39 IST RateGain Travel Technologies Limited , a leading global provider of AI-powered SaaS solutions for the travel and hospitality sector, has announced a major milestone in its partnership with Green Motion South Africa . The car rental brand, known for its eco-conscious operations and quality service, reported a 51.8% revenue jump after deploying Rev-AI , RateGain's intelligent demand forecasting and dynamic pricing platform. In a post-pandemic environment where demand patterns have become unpredictable, Green Motion faced mounting challenges in managing pricing across its growing fleet. By integrating Rev-AI, the company introduced real-time automation to optimize pricing, respond swiftly to market shifts, and maximize revenue—especially during peak travel seasons. Here's a snapshot of the impressive results achieved: 51.8% Revenue Growth during October–December 2024, driven by demand-based, AI-powered pricing. 24% Increase in Revenue Per Day (RPD) across bookings, thanks to optimized rate adjustments. Over 15 Million Price Updates executed automatically within three months, keeping pricing in sync with demand. 150+ Hours Saved in Manual Work, freeing the team to focus on growth, fleet management, and service quality. With Rev-AI's centralized insights and intelligent automation, Green Motion South Africa is not just responding to market changes—but staying ahead of them. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Skift
15-07-2025
- Business
- Skift
‘We Can Solve Big Problems': Bhanu Chopra on the New Era of Indian Tech
RateGain's Bhanu Chopra believes India's time has come — not just to serve global travel, but to lead it. Skift Podcast Compelling discussions with travel industry leaders and creatives who are helping to shape the future of travel. Compelling discussions with travel industry leaders and creatives who are helping to shape the future of travel. Learn More Bhanu Chopra, founder of India-based travel tech firm RateGain, has seen Indian entrepreneurs make waves in the business world, and he believes the perception of Indian executives is changing worldwide. Chopra, who founded RateGain in 2004, has guided the company to become India's first publicly listed SaaS firm, and hopes to hit $1 billion in revenue. RateGain provides data and technology to hotels, airlines, and online travel agencies, making it an important behind-the-scenes player in digital travel bookings. During a recent episode of the Skift Travel Podcast, Chopra discussed with Skift CEO Rafat Ali how Indian professionals are now leading major global companies, which has fostered a renewed sense of ambition and pride. Listen Now Apple Podcasts | Spotify | YouTube | RSS A New Generation of Indian Business Leaders Chopra discussed changing perception of companies coming out of India. • 'I think what has happened is that we as a society, as a community, have gained a lot of confidence. We see some Indians now leading the biggest tech companies in the world.' • 'And I think what has happened is we want to dream bigger. We want to say to the world that we have arrived. We can solve problems — the world's problems — and we can solve big problems.' Chopra was asked if the perception of Indian companies as outsourcing companies has changed dramatically. • 'It's changed. The way people look at us now — even RateGain — has changed dramatically … There used to be this baggage of being a labor arbitrage company — now people see you as problem solvers, leaders in innovation. I see a huge perception change.' AI in India Chopra believes most Indian companies, including RateGain, don't need to build foundational AI models — large language models — themselves. He said the focus should be on developing AI wrappers, which are applications built on top of existing AI models. • 'I think we will see some of the best AI wrapper companies coming out of India.' • 'We don't need to reinvent the wheel. I think we're good at applying. I think, innately, we have that scale, and we can build great wrapper companies.' • 'If you talk to VCs and private equity guys, they're actually putting more value on the wrapper companies.' RateGain's Growth Strategy Chopra said RateGain is 'extremely judicious and also very patient' regarding mergers and acquisitions, adding its focus is on revenue-generating tools for the travel industry. The company hasn't made an acquisition since buying Adara in 2023. • 'We want to get deeper in certain markets. We are still very, very dominant in the U.S. — (the) majority of our revenue comes from North America.' • 'So we look at opportunities that allow us to continue to get deeper in the U.S. and Europe. • 'If you look at everything that we do, there aren't a lot of players. There is some amount of fragmentation, but we want to be the player that rolls up and consolidates the industry as well.' Related
