RateGain Travel's shares increase by more than 2% following their pricing technology cooperation with Germany's Hahn Air.

16/7/2024,

Over 350 airlines worldwide will profit from the partnership, which will combine RateGain's airline pricing system with Hahn Air's vast distribution network.

Tuesday saw a more than 2% increase in RateGain Travel Technologies Ltd. shares as the travel and hospitality industry's SaaS solutions provider announced a partnership with Germany's Hahn Air to improve airfare globally.

 

According to a RateGain stock exchange filing, this partnership will combine RateGain's airline pricing solution, AirGain, with Hahn Air's vast distribution network, benefiting more than 350 airlines worldwide.

 

With 25 years of experience in the commercial aviation industry, Hahn Air connects more than 350 partner airlines to over 1,00,000 travel agents in 190 markets globally through indirect distribution services.

 

 

Through the partnership, Hahn Air's partners will have access to AirGain's cutting-edge pricing intelligence technology by using H1-Air and X1-Air products.

 

AirGain's cutting-edge technology is what Hahn Air hopes to leverage to improve its revenue sources.

 

The AirGain technology has given Hahn Air the ability to make more informed decisions and adopt a more strategic position in the highly competitive aviation market. It is also capable of creating alarms, gathering comprehensive data, and monitoring dynamic pricing trends.

 

For Hahn Air's partner airlines, the combination of AirGain's technology prowess and Hahn Air's distribution expertise promises major advantages, such as maximised income and privileged access to corporate travel agents, online travel agencies, and consolidators globally.

 

 

By working together with AirGain, we can better deliver our services by utilising real-time, data-driven insights. Alexander Proschka, Executive Vice President of Commercial at Hahn Air, stated that "this partnership is about pioneering new standards in the airline distribution ecosystem; it's not just about an upgrade."

 

Renowned globally, AirGain provides SaaS solutions and real-time price intelligence to the travel and hotel industries. Utilising cutting-edge technology, travel-related businesses like hotels and airlines can keep ahead of industry trends and maximise their business strategies by gaining valuable market research and actionable insights.

 

 

At 10:24 a.m., RateGain Travel Technologies' shares were valued at ₹826.15, up 1.46% on the BSE.