Corporate News     24-Jan-22
RateGain partners with US car rental company - Malco Enterprises
RateGain Travel Technologies announced today that Malco Enterprises of Nevada, Inc. (Malco) , a leading Car Rental Company in Las Vegas, has selected RateGain to drive business recovery with the world's first AI-powered revenue management platform – revAI.

Malco has operated as Budget Rent A Car of Las Vegas since 1989, and is one of the largest car rental franchise for ABG in North America. The company operates in about 10 locations spread across Las Vegas, including the McCarran International Airport.

Car Rentals have been subject to extreme volatility since the onset of COVID19. While the segment was the quickest to recover in the industry, labor shortages, lack of automation, and unreliable historical data made it difficult for mid-sized and independent car rentals to identify revenue maximization opportunities at the right time.

RateGain's revAI platform will help Malco Enterprises leverage over 25 real-time demand indicators that provide hyper-local demand to clearly understand the market potential and adjust their pricing by car segment, channel, and location to reach their maximum revenue potential in a day.

Malco will also get a price optimization module to help them capture the extra market share through an AI-driven-price recommendation engine while giving visibility into their current revenue achievement in the ongoing Financial year. In addition to understanding market demand, the forecast will also help identify dates that need attention while providing visibility into the demand and recommended pricing for the next 90 days to ensure Malco never loses an opportunity to maximize revenue.

Previous News
  HotelKey selects RateGain's connectivity solution for enhancing its distribution capabilities
 ( Corporate News - 13-Feb-24   10:51 )
  Rategain Travel Tech subscribed 17.41 times
 ( IPO Centre - IPO News 09-Dec-21   17:46 )
  Barometers trade sideways; consumer durables shares surge for 8th day
 ( Market Commentary - Mid-Session 21-Aug-24   12:35 )
  Rategain Travel Technologies reports consolidated net profit of Rs 11.61 crore in the March 2022 quarter
 ( Results - Announcements 16-May-22   16:49 )
  Rategain Travel Tech receives good response
 ( IPO Centre - IPO News 10-Dec-21   08:51 )
  RateGain recognized as a Preferred Partner by Trip.com
 ( Corporate News - 17-Sep-24   09:02 )
  Rategain Travel Technologies reports consolidated net profit of Rs 8.42 crore in the June 2022 quarter
 ( Results - Announcements 01-Aug-22   16:08 )
  RateGain recognized as ‘SaaS Startup of the Year' by SaaSBOOMi
 ( Corporate News - 21-Mar-23   09:21 )
  RateGain integrates its Content AI platform with Booking.com
 ( Corporate News - 17-Nov-22   09:06 )
  RateGain Travel inks multi-year partnership with Thai Airways for providing pricing intelligence
 ( Hot Pursuit - 21-Aug-24   11:30 )
  HotelKey collaborates with RateGain
 ( Corporate News - 23-Feb-23   09:04 )
Other Stories
  Adani Ports records 14% growth in cargo volumes in September 2024
  03-Oct-24   09:37
  SignatureGlobal India launches new project in Gurugram
  03-Oct-24   09:34
  Biocon Biologics refinances debt through USD bonds and syndicated term loan
  03-Oct-24   09:29
  RattanIndia Enterprises launches woman's ethnic wear brand 'Kaari'
  03-Oct-24   09:26
  Alembic Pharma receives USFDA approval for Lamotrigine Extended-Release Tablets
  03-Oct-24   09:23
  Transformers & Rectifiers India wins order of Rs 565 cr
  03-Oct-24   09:07
  Tata Motors records 12% decline in Q2 sales
  01-Oct-24   18:04
  Tata Motors records 15% decline in September sales
  01-Oct-24   17:55
  Man Infra set to launch its highly anticipated Vile Parle project
  01-Oct-24   17:48
  Padam Cotton Yarns to declare Quarterly Result
  01-Oct-24   17:39
Back Top