RateGain feeds real-time consumer insights into its software, packages it and sells it as a subscription to airlines, hotels and online travel agents. It will look at what comparators are doing. And this will help the hotel or airline to set dynamic prices accordingly. India's newest low-cost carrier, Akasa A, tied up with RateGain even before its launch.
Of late, everyone’s complaining about two things — that domestic airfares are through the roof and that hotel tariffs are sky high. And this got us thinking about dynamic pricing in the hospitality industry. You know, how these companies tweak their rates constantly in response to demand.
And there’s one company in particular that helps the industry do this — RateGain. So in today’s episode for 10th June 2023, we dive into the world of travel and pricing.