RateGain Travel Technologies inches up on launching Airline Travelers Forecast
RateGain Travel Technologies is currently trading at Rs. 282.65, up by 0.65 points or 0.23% from its previous closing of Rs. 282.00 on the BSE.
The scrip opened at Rs. 287.00 and has touched a high and low of Rs. 287.00 and Rs. 280.55 respectively. So far 1915 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 525.00 on 18-Jan-2022 and a 52 week low of Rs. 236.05 on 30-Jun-2022.
Last one week high and low of the scrip stood at Rs. 320.80 and Rs. 280.50 respectively. The current market cap of the company is Rs. 3051.17 crore.
The promoters holding in the company stood at 55.91%, while Institutions and Non-Institutions held 16.63% and 27.46% respectively.
RateGain Travel Technologies has launched Airline Travelers Forecast, a new module of Demand-AI, RateGain’s AIpowered Demand Forecasting Solution for travel and hospitality industry. With Airline Travelers Forecast, marketing leaders and commercial organizations in hotels can optimize their ad spends across both offline and online channels to drive higher returns in a tough macro environment where the industry is dealing with high input costs and looking to reduce their marketing spends.
Airline Travelers’ Forecast is part of RateGain’s Demand-AI solution launched last year to help the industry tackle the problem of unreliable historical data to forecast demand using real-time intent data gathered from searches, events, and forward-looking data such as hotel and airline bookings. With Airline Travelers’ Forecast, marketing teams can optimize their campaigns and take corrective actions based on an accurate understanding of the actual number of travelers, source market mix, and the demand from these markets over the next 90 days.
RateGain Travel Technologies is among the leading distribution technology companies globally and it the largest Software as a Service (SaaS) company in the hospitality and travel industry in India.