RateGain Travel Technologies Limited – the global provider of SaaS solutions, for travel and hospitality.
RateGain just was selected to drive business recovery with the world’s first AI-powered revenue management platform – revAI. Malco Enterprises of Nevada In has operated as a ‘Budget Rent A Car’, since 1989, in Las Vegas. Being the largest car rental franchise company for ABG in the USA, they just chose RateGain to drive business recovery.
Even the car rental segment was the quickest in recovery after COVID-19, because lack of automation, labor shortage and other issues made it very difficult to operate. The new AI-based platform will help Malco Enterprises without question to support over 25 real-time demand indicators which provide hyper-local requests to understand more clearly the potential of the market and be more adjustable in the pricing by car segment, channel, location. With this help, they can reach their daily maximum revenue potential.
Malco will also get a price optimization module. More, the forecast will help to identify dates that need attention while providing visibility into the orders and the recommended pricing for the next 90 days.
The Chief Executive Officer of Malco, said, “When you are dealing with uncertainty, the ideal partner can both provide real-time insights as well as a plan of action to use those insights to drive business recovery. With RateGain’s revAI platform, we get both with an additional advantage of a cutting edge platform powered by AI which makes it possible for every car rental to maximize revenue opportunity.”
Siddhartha Kothari, the General Manager and EVP for revAI, RateGain disclosed that: “As the car rental industry recovers from COVID-19, we are certain that AI is going to be a critical enabler for addressing the gaps created by COVID and that is the core philosophy of revAI. As a long-time partner to Malco, we are delighted that they allowed us to partner with them on creating new revenue and build a world-class example of AI-powered recovery for other car rentals to follow.”