Restricted movements across the world due to the COVID-19 pandemic have severely affected the airline industry, making 2020 one of the worst years in its history since 9/11 attacks and 2008 global financial crisis combined.
We today live in a world where we now have an app for everything. Today we have more than 5.5 million apps available across all app stores with over 178.1 billion downloads every year, suggesting that on an average each of the 2.7 billion mobile users try more than 65 apps.
This year marks the end of a landmark decade for digitization and technological adoption. Path breaking technologies like artificial intelligence and personalization have been incorporated into business functions to facilitate strategy execution. The fact that 72% of business leaders[1] believe that AI is synonymous with ‘business advantage’ attests this growing shift.
RateGain Technologies, the leading travel, and hospitality technology company today announced a strategic partnership with airRM, an Accelya Group Company and a global leader in airline revenue management solutions. With this partnership, RateGain data will seamlessly integrate with Accelya‘s airRM system.
RateGain Technologies, today announced that its real-time airline pricing intelligence solution, AirGain will now be able to provide apple to apple mapping of rates for Airlines. This new feature will help airline revenue managers easily understand the break up of each price point by giving visibility into fare components such as tax breakup, FBC rules, fare family and other ancilliary components helping them execute a more competitive pricing strategy.
This year marks the end of a landmark decade for digitization and technological adoption. Path breaking technologies like artificial intelligence and personalization have been incorporated into business functions to facilitate strategy execution. The fact that 72% of business leaders[1] believe that AI is synonymous with ‘business advantage’ attests this growing shift.
Ancillary revenue is what stands between profit and loss in the airline industry. Rising operational cost and competition have made non-ticket revenue the differentiator among airlines. For some of them, revenue from retail has already surpassed that from ticket sales.