The shares of a leading distribution technology company in the travel and hospitality industry jumped 7 percent after the company announced a strategic partnership with Thailand’s Nok Air.
Stock Performance
With a market capitalization of Rs 6,310.87 crore, RateGain Travel Technologies Ltd surged up to 7 percent in Thursday’s trading session and made an intraday high of Rs 542 per share compared to its previous closing price of Rs 499.65 per share. The stock retraced and was trading at Rs 526.30 which is 5 percent higher than the previous closing price.
What Happened
Nok Air, Thailand’s leading budget airline, has strategically partnered with RateGain’s AirGain platform for real-time competitive pricing insights. Nok Air is renowned for providing affordable, seamless travel across its growing network in Thailand and Asia.
With the help of AirGain, Nok Air will access real-time pricing insights from over 300 airlines and 50+ OTAs (Online Travel Agency) enhancing its pricing strategies, market position, and promotions. The companies will join forces with an aim to provide greater customer value while supporting sustainable growth.
Management Commentary
Vinay Varma, Senior Vice President and General Manager at AirGain, said, “Partnering with Nok Air, a trailblazer in Thailand’s aviation market, is an exciting opportunity for us. AirGain’s AI-powered pricing intelligence will enable Nok Air to navigate market complexities, enhance pricing agility, and deliver exceptional value to passengers.”
Company Overview
RateGain Travel Technologies Ltd is a leading SaaS provider for the travel and hospitality sector globally. The company delivers comprehensive solutions across various segments, including airlines, OTAs, cruises, ferries, car rentals, and meta-search platforms.
Financials
In the latest quarter, RateGain reported a 11 percent YoY increase in sales from Rs 252 crore to Rs 279 crore. On a quarterly basis, there was a slight increase from Rs 277 crore in Q2 FY25.
This was accompanied by an impressive 43 percent YoY increase from Rs 40 crore to Rs 57 crore. On a quarterly basis, the company saw a 9 percent increase in net profits from Rs 52 crore in the previous quarter.
Industry Outlook
Global Hotel Revenues are expected to surpass $1 Tn by FY26 and $1.1 Tn by FY27. The key priorities of hotels vary as per their marketing challenges and revenue predictability. Hence 49 percent of hotels see monitoring rate parity as a key focus, while 48 percent prioritize consistent content and tracking travel intent. Around 45 percent of hotels also emphasize managing rate types across channels.
Written by Shwetha Sairam
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