RateGain gains today

Today morning, RateGain Travel Technologies (RateGain), provider of AI-powered SaaS solutions for travel and hospitality, announced that it was selected by Thai Airways, the national flag carrier of Thailand for a multi-year partnership with the company’s dedicated platform for Airlines, AirGain.

This collaboration is driven by Thai Airways’ focus on redefining pricing strategies across its comprehensive network, encompassing a wide array of domestic and international routes facilitated by its Star Alliance membership. No ensuing financial details of this collaboration was mentioned.

AirGain’s platform is crafted to meet the specific needs of commercial teams in airlines, offering an intuitive interface and reliable, real-time pricing intelligence to facilitate rapid, well-informed pricing decisions.

RateGain today 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 business.

In mid-June, the promoter of the company, Avataar Holdings—sold a 1.98% stake in the company for Rs 160.69 crore and now it’s the Chopra family which holds 48% stake.

The company had ended Q1FY25 with a 21% (YoY) jump in revenue at Rs.260 crore, on which, it posted a 82% rise in net profit at Rs.45 crore.

The stock opened around 1% higher today at Rs.727, rising further to Rs.734.35 and is now trading at Rs.723 levels. Its 52-week high stands at Rs.921.10.