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Smart Skies Ahead: Cyprus Airways and RateGain Forge Next-Gen Pricing Partnership

Updated: May 08, 2025 11:08

Image Source: Travel Mole
RateGain Travel Technologies Ltd, a world leader in AI-driven SaaS solutions for the travel and hospitality industry, has signed a strategic alliance with Cyprus Airways to transform the airline's pricing strategies. As part of this partnership, Cyprus Airways will utilize RateGain's cutting-edge spend management and pricing intelligence solution, AirGain, to enhance its competitive advantage and boost revenue growth in a competitive aviation environment.
 
Key Highlights: *
  • AI-Powered Pricing Intelligence: Cyprus Airways will be implementing RateGain's AirGain platform, providing real-time access to more than 300 airlines and 50+ online travel agencies' pricing data. This enables the airline to keep tabs on market movements, monitor competitors' fares, and react promptly to evolving situations, guaranteeing best fare positioning and profitability.
  • Actionable Insights with AI-Digest: The alliance delivers the most advanced AI-driven capabilities to Cyprus Airways in the form of the revolutionary AI-Digest-a daily digest of route performance that provides actionable insights, identifies pricing irregularities, and spots market changes. This allows revenue managers to make quicker, more intelligent decisions and stay ahead in uncertain markets.
  • Market Competitiveness: Through the addition of AirGain's dynamic analytics, Cyprus Airways will be able to enhance its price strategies, better optimize its promotions, and reach new sources of revenue while presenting improved value to travelers.
  • Industry Impact: The partnership highlights increasing airline activity towards adopting data-based, automated tools for revenue management to overtake the competition and respond to speedy market developments.
  • Positive Market Response: RateGain's recent airline alliance announcements have witnessed robust investor sentiment, with instances of share price rallies after comparable announcements.
The partnership places Cyprus Airways at the vanguard of intelligent, dynamic pricing in the airline sector, driven by RateGain's next-generation technology.
 
Sources: RateGain Press Releases, CNBC TV18, India Infoline

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