RateGain Travel shares gain up to 3% after partnership with Germany’s Hahnair to offer pricing solution

The stock closed flat at ₹813.7, down 0.02%, on the NSE.

In a filing to the stock exchanges, on July 16, the company informed about a partnership between its airline pricing solution, AirGain, and Hahnair. The company said that the collaboration is set to power Hahnair's airline distribution landscape via the integration of AirGain’s pricing intelligence technology with 100 Hahnair partners using the products H1-Air and X1-Air.

Hahnair aims to optimise its revenue streams using Airgain’s technology. As a part of the collaboration AirGain’s solutions will provide Hahnair the ability to monitor dynamic pricing trends, set up customised alerts and receive detailed reports which in turn will facilitate informed decision-making and strategic positioning for Hahnair in the aviation market.

The German airline currently offers indirect distribution services to more than 350 partner airlines. The company mentioned in the release that Hahnair enables access to more than 1,00,000 travel agencies across 190 markets across the globe.

Rategain mentioned in the release that by combining Hahnair’s distribution capabilities with AirGain’s technological capabilities, Hahnair’s H1-Air and X1-Air partner airlines are also likely to benefit from optimised revenue as well as, preferred access to corporate travel agencies, online travel agencies, and consolidators worldwide.

RateGain is a provider of Software as a Solution (SaaS) services for the travel and hospitality industry. The company was founded in 2004 and is headquartered in India, according to the company’s website. AirGain is a SaaS-based airfare pricing intelligence product created by Rategain for the airline industry. Airgain is powered by Big Data and AI and offers vital pricing insights and competitive intelligence data, according to the company’s website.