Leveraging Machine Learning, RevGainÊ – Packages, an industry leading comprehensive big data solution by RateGain provides competitive pricing data and optimal pricing as well as unconstrained sales, city demand and pick-up forecasts for the package tour industry with significant contribution to topline revenue, which flows straight to the bottom line.
RateGain Technologies, the market leader in big data solutions for Travel and Hospitality industries announced the latest release of its RevGain – Packages SaaS solution with power packed new features to aid Tour Operators, Airlines and other companies offering packages, with predictive pricing and forecasting abilities. The solution leverages deep neural network algorithms to predict demand and optimizes rates based on competitive intelligence, historical transactional data, current booking pace, and market trends. The new release offers the following additional features for better revenue lift:
- City Demand Forecast Ð Based on the selection of Departure Month, Origin airport, Destination airport, Length of Stay (LOS), city demand calendar is plotted with demand level predictions
- Unconstrained Sales Forecast Ð Based on the selection of Brand, Departure Date, Origin Airport, Destination Airport, Hotel, LOS, the solution forecasts unconstrained package sales
- Pick UpÊForecast Ð Based on the selection of Brand, Departure Date, Origin & Destination Airport, cumulative pick up forecast is predicted with granular details, at a booking window level
In addition, this release also provides Subscriber Win, Meet, Loss and Variance analysis based on the selection of Brand, Origin and Destination Airports. A new architecture enables enhanced visualization capabilities, including an intuitive and feature-rich dashboard providing granular level details as well as the aggregated analysis, all in a single view, allowing the user to view and act on comparative data for past weeks or months, with a simple click.
ÒOur focus has always been to provide intelligence that can be acted on, here and now. With this new release we bring the most sophisticated analytics in the hands of business users for most profitable business decisions. This release is powered by ÒCode ItineraryTM,Ó RateGain’s digital data lake foundation, which provides easy scalability to our customers and granular forecasting features, putting them truly in command of their data,Ó saidÊ Dr. Anand Medapalli, Chief Product Officer of RateGain.
ÒRateGain is a thought leader in their space. Their intelligence has helped us to outperform the market. I can honestly say that RateGain has been incredibly flexible and a great partner, has really listened to what we have said and has gone over and above and beyond in delivering what we set out together with RevGain – Packages,Ó said Robert Thye, Senior VP, Revenue Management, Apple Leisure Group.
RevGain – Packages has already been helping package holiday providers worldwide in taking profitable decisions with significant revenue lift. Easy on-boarding and RevGainÊ – Package’s intuitive usability are helping businesses bring down their Total cost of ownership (TCO) and gain market advantage in the quickest possible time.
For more information, visit www.rategain.com