Hot Pursuit     27-Jun-23
RateGain Travel to offer cruise data and pricing insights to Virgin Voyages
RateGain Travel Technologies today has announced an agreement with North America-basedVirgin Voyages to provide comprehensive cruise rate intelligence data.

Virgin Voyages, an innovative cruise line co-owned by the Virgin Group and Bain Capital, is redefining sea travel for the modern traveler set to enhance its competitive edge with the deployment of RateGain's advanced data analytics and connectivity solutions. 

With the global cruise industry on the road to recovery and an influx of passengers expected in the coming seasons, Virgin Voyages will be implementing RateGain's rate intelligence solutions.

This will furnish them with real time competitive pricing intelligence and enhanced connectivity to a global network of demand partners. 

RateGain's product for the Cruise Data sector will allow Virgin Voyages to gain access to real-time price intelligence solutions, enabling them to align their pricing strategy with the latest market trends and competitor rates.

Concurrently, RateGain's data analytics platform will empower Virgin Voyages to track rates across multiple channels, bolstering their global visibility and facilitating the delivery of unique booking experiences to their customers. 

Vinay Varma, senior vice president and general manager, said, "We are thrilled to provide our robust data analytics solution to Virgin Voyages. Our combined capabilities of delivering actionable data and improved visibility will help Virgin Voyages unlock new revenue streams. It's a privilege to support Virgin Voyages' revolutionary portfolio through the current recovery and beyond." 

RateGain Travel Technologies is a global provider of SaaS solutions for travel and hospitality. It is one of the world's largest processors of electronic transactions, price points, and travel intent data helping revenue management, distribution and marketing teams across hotels, airlines, meta-search companies, package providers, car rentals, travel management companies, cruises and ferries drive better outcomes for their business.

On a consolidated basis, net profit of Rategain Travel Technologies surged 191.04% to Rs 33.79 crore on 69.57% increase in net sales to Rs 182.93 crore in Q4 March 2023 over Q4 March 2022.

Shares of Rategain Travel Technologies shed 0.23% to currently trade at Rs 408.85 on the BSE.

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