RateGain Travel Technologies Limited (RateGain), a prominent provider of AI-powered SaaS solutions for the travel and hospitality sectors, has announced its selection by Thai International Public Company Limited (Thai Airways). Thai Airways, the national flag carrier of Thailand and a member of the Star Alliance network, has engaged RateGain for a multi-year partnership utilizing RateGain’s specialized platform for airlines, AirGain.
This collaboration is aimed at enhancing Thai Airways’ pricing strategies across its extensive network of domestic and international routes, leveraging the benefits of its Star Alliance membership.
Founded in 1960, Thai Airways has established itself as a leading airline known for its quality service and safety. Based at Suvarnabhumi Airport in Bangkok, it offers extensive global flights, enhanced by its Star Alliance membership.
In Q1 2024, the airline saw a 10.7% revenue increase to 45,955 million baht ( Approximately 11,029.2 crores INR ), driven by higher passenger revenue and expanded services to Europe, Australia, and Japan. With plans to grow its fleet from 79 to 89 aircraft by 2025, Thai Airways’ new partnership with AirGain comes at a key moment, leveraging advanced technology to boost its competitive edge and maintain its global appeal.
RateGain, recently surpassing a $1 billion market cap, is emerging as a key player in airline rate intelligence with its advanced pricing solutions. This partnership makes it an ideal ally for Thai Airways to enhance pricing strategies, adapt to market changes, and offer competitive travel options.