Noida, 21 August 2024: RateGain Journey Applied sciences Restricted (RateGain), a number one supplier of AI-powered journey and hospitality SaaS options, at present introduced that it has been chosen by Thai Worldwide Public Firm Restricted (Thai Airways), the nationwide airline of Thailand and a proud member of the Star Alliance community for a multi-year partnering with RateGain’s devoted platform for Airways, AirGain. This collaboration is pushed by Thai Airways’ deal with redefining pricing methods throughout its complete community, which encompasses a wide selection of home and worldwide routes enabled by Star Alliance membership.
Based in 1960, Thai Airways has constantly performed a key position within the aviation sector. Celebrated for its dedication to high quality service, punctuality and security, it has been repeatedly acknowledged as among the best airways on this planet. Working from its central hub at Bangkok’s Suvarnabhumi Airport, Thai Airways is increasing its attain globally, providing flights to quite a lot of locations. This functionality is considerably enhanced by Star Alliance membership, connecting Thai Airways to a large community of airways and offering seamless journey choices and advantages to vacationers around the globe.
Within the first quarter of 2024, Thai and its subsidiaries reported complete income of 45,955 million baht, up 10.7% from 41,507 million baht recorded in the identical interval final yr. This progress was primarily pushed by a major enhance in passenger income following the re-establishment of flight providers and elevated frequency of flights on most popular routes to Europe, Australia and Japan.
Working a fleet of 79 plane on the finish of 2024 and planning to increase to 89 by 2025, Thai Airways’ partnership with AirGain comes at a vital time because the airline trade is experiencing unimaginable progress. This alliance positions Thai Airways to leverage AirGain’s superior know-how options, rising its aggressive benefit. By providing unmatched worth and superior service, Thai Airways goals to cement its standing as the most effective airline for vacationers around the globe.
RateGain, which lately crossed a market capitalization of 1 billion on the Indian Inventory Alternate, has seen wholesome year-on-year progress and has emerged as a trusted companion within the airline pricing intelligence house and a frontrunner identified for its premium pricing options. This partnership positions AirGain as the right companion for Thai Airways in its quest to enhance pricing methods and preserve management within the aggressive aviation market.
Via this collaboration, Thai Airways will be capable of establish each day progress alternatives, reply rapidly to market adjustments, and supply competitively priced journey choices that cater to a various vary of vacationers.
Commenting on the Partnership, Nuthaphol Amawatana, Head of Pricing and Income Administration at Thai Airways, commented, “The dynamic nature of the aviation market requires entry to correct and up-to-date market information. Our collaboration with AirGain aligns with our strategic targets, empowering us to make knowledgeable selections based mostly on strong information analytics. This partnership not solely strengthens our aggressive benefit, but in addition reaffirms our standing as the popular airline for vacationers to and from Thailand, leveraging our in depth community by the Star Alliance.”
Vinay Varma, Senior Vice President and Basic Supervisor of AirGain, shared his optimism in regards to the partnership, “This alliance underscores the significance of airways constructing revolutionary pricing methods, particularly given Thailand’s rising attraction as a premium journey vacation spot. The necessity for such airways to stay on the forefront of pricing technique to draw international vacationers is extra urgent than ever. We’re delighted with the chance and are wanting to contribute to Thai Airways’ journey in direction of value optimization and strengthening its market management, making certain it continues to satisfy the calls for of worldwide vacationers and preserve its valued place.”
AirGaina’s platform is constructed to satisfy the particular wants of airline industrial groups, providing an intuitive interface and dependable real-time pricing intelligence to facilitate quick, well-informed pricing selections. To be taught extra about how AirGain is reworking the journey trade, go to airgain.ai.
About Thai Airways
Thai Airways Worldwide Public Firm Restricted, Thailand’s main airline and a key member of the Star Alliance, has been instrumental in selling Thailand as a high international journey vacation spot. From its hub at Suvarnabhumi Airport, Thai Airways operates an intensive community of flights for home and worldwide passengers. Identified for its dedication to service excellence, operational security and reliability, Thai Airways strives to exceed passenger expectations, enhancing the journey expertise on each journey.
About RateGain
RateGain Journey Applied sciences Restricted is a worldwide supplier of AI-powered journey and hospitality SaaS options working with greater than 3,200 purchasers and greater than 700 companions in additional than 100 nations, serving to them speed up income era by acquisition, retention and growth of share of pockets.
In the present day, RateGain is without doubt one of the world’s largest processors of digital transaction, pricing and journey intent information, serving to income administration, distribution and advertising and marketing groups in motels, airways, meta-search firms, bundle tour suppliers, automobile rental firms, journey administration firms, cruises and ferries obtain higher outcomes for his or her enterprise. Based in 2004 and headquartered in India, RateGain at present works with 26 of the highest 30 lodge chains, 25 of the highest 30 on-line journey businesses, 4 of the highest 5 airways and the entire high automobile rental firms, together with 16 International Fortune 500 firms in unlocking new income every single day. For extra data, go to www.rategain.com
Media contacts
Aastha Khurana
media@rategain.com
Director of Company Communications