Small-cap stock RateGain Travel inks a new partnership; know more
Looking back over the past year, shares of the company have yielded multibagger returns of 131.44% in the same time frame BSE IT has changed by 30.83%.
About the Partnership
RateGain Travel Technologies Limited, a global SaaS solutions provider for the travel and hospitality sector, has recently announced a strategic partnership with FLYR an AI-driven travel technology firm. This collaboration aims to merge RateGain’s channel management and distribution solutions with FLYR’s AI-powered Revenue Optimization System (RMS) thereby assisting hotels in enhancing their revenue generation capabilities.
Through this partnership hotels utilising FLYR will gain access to a unified system that eliminates the need for managing multiple platforms separately. This integration promises increased operational efficiency and cost reduction while delivering precise and insightful data.
The combined platform enables commercial teams to effortlessly access real-time market insights, analyze competitor rates, and manage rate parity across various sales channels, including mobile apps and brand websites all within the Revenue Management Systems platform itself.
Furthermore, the collaboration encompasses the integration of RateGain’s Navigator a rate insights platform. Navigator enhances user experience by providing features such as cluster views, identification of high-demand dates and leveraging machine learning to address data insufficiency concerns. By offering actionable insights derived from comprehensive parameters such as demand trends, competitor rates and rate parity, Navigator effectively caters to the evolving needs of the hotel industry.
Stock Performance
In the last trading session, the stock closed at Rs 833.10. Today, it opened at Rs 820.05 and currently trading at Rs 815.55, down by 2.11%. The shares of the company have a 52-week high of Rs 921.10, while its 52-week low stands at Rs 314. Currently, the company boasts a market capitalisation of approximately Rs 9,600 crore. Looking back over the past year, the company’s shares have yielded multibagger returns of 131.44%, in the same time frame BSE IT has changed by 30.83%.
About the company
RateGain Travel Technologies Limited 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 business.
Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.