RateGain Travel rises over 4% as Brightline Trains collaborates to offer advance pricing intelligence in US

RateGain Travel Technologies Ltd shares rallied more than 4% on Thursday after the company announced that its product AirGain has been chosen by Brightline Trains for advanced rail and airline pricing intelligence in the United States rail market.

The AI-powered SaaS solutions provider’s shares jumped as much as 4.63% to a high of ₹765.5 apiece on NSE, after the announcement.

RateGain Travel Technologies announced on March 21, 2024, that AirGain has been selected by Brightline Trains for advanced rail and airline pricing intelligence for rail markets in the United States.

Brightline seamlessly connects travellers to top destinations and major events between Central and South Florida. It has been connecting major cities in Florida with high-speed rail services.

The partnership between the two companies will help the US private rail operator Brightline in accessing accurate and real-time competitive pricing insights, thereby strengthening the company’s position in the rail sector.

AirGain is known for providing AI-powered revenue management solutions to trains, airlines, cruises, and online travel agencies (OTAs), offering real time price intelligence as well as rate parity solutions, RateGain Travel informed the stock exchanges.

After partnership with AirGain, Brightline will be able to monitor not only key airline rates but also rail rates for its major routes in the United States in a more efficient manner, ensuring they remain at the forefront of fare competitiveness.

Brightline will be able to establish precise pricing strategies and come up with daily growth opportunities, thanks to AirGain's AI-powered solution which are specifically curated for revenue managers.

“The North American market, especially post-pandemic, is witnessing a significant increase in rail travel. AirGain’s rate intelligence capabilities enable transport services like Brightline to access the most accurate and up-to-date fare information for making better decisions compared to traditional systems,” said the Senior Vice President and General Manager of AirGain, Vinay Varma in a press release.