The acquisition will help organizations access comprehensive travel-intent, pricing, and inventory data to achieve higher ROI.
RateGain, a provider of SaaS solutions for the travel industry, experienced strong growth due to a demand for technology-enabled solutions. In the car rental industry, RateGain’s revAI product helps with automation and revenue maximization.
Malco Enterprises Nevada has selected RateGain's AI-powered revenue management platform.
The new platform uses AI for demand forecasting and price optimization for car rentals using 24 indicators.
The analytics application utilizes leading indicators to help car rental companies verify and rectify issues in their pricing strategy.
RateGain’s state of the travel industry report found that car rental volumes for the week of Dec. 7 to 13 reached 83% of 2019 levels. New York, SFO, New Orleans, and Las Vegas saw the biggest spikes.
RateGain and Arvoia’s partnership will result in the co-creation of a solution aimed at improving profitability while focussing on improving the customer experience as well.
The RateGain-Thermeon-Bluebird partnership will provide a solution suite comprising an end-to-end seamless automated pricing management, CRS, rental software, and revenue management solutions helping users revenue and pricing teams track and react to changing market conditions faster and with data-based actionable insights.
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