Benefits of Using AirGain as a flight price predictor: 3 Reasons to choose the best pricing flight predictor
In the post-pandemic world, the aviation industry faces the dual challenge of unlocking new revenue pathways amidst fluctuating demand while continuing to optimise price and route strategy. The role of data in fare analysis for airlines becomes more critical than ever in taking accurate, consumer-focused decisions.
AirGain, RateGain’s dedicated airline pricing solution suite, allows aviation companies to harness the power of technology and use data-driven insights to craft their distribution strategy. Based on real-time big data pricing intelligence, this next-Gen SaaS solution enables airlines to tackle rate disparity and inaccurate or delayed pricing, thereby driving faster business growth.
What makes AirGain the best flight price predictor?
Personalised pricing intelligence solution
Today travellers have a plethora of options to choose from when it comes to travel bookings and doing their own fare analysis for airlines. Maintaining market position is increasingly becoming difficult for any airline. AirGain allows pricing teams to keep a close watch on real-time market trends. The updated UI and enhanced analytics keep you in touch with competitor pricing trends and historical pricing data with the click of a button. Thereby helping to optimise your own pricing trends faster.
Elimination of rate disparity
Rate disparity across multiple booking channels is a significant challenge when it comes to fare trends for airlines. A lack of rate parity in ticket prices can lead to significant losses in revenue. With AirGain’s Parity Watch Tower, prices across all third-party channels are kept in sync with closed-loop rate parity. It also helps to keep track of revenue loss and consumer confidence indexes in real-time so that you can take immediate action on any revenue leakage. Moreover, the new updates on weekly airline rate parity violations let you keep tabs on which flight routes see the most rate parity violations and plug revenue losses more quickly.
Designing a flight fare predictor based on accurate observations about purchasing behaviour can be a challenge. AirGain’s Fare Evolution capability gives you more granular insights on the ever-changing purchasing behaviour. With this feature, you can track ticket price changes for a single departure date across a particular booking window to understand how prices have evolved over time. Insights from thousands of historical data points help you understand where you were outpriced by your competitors and take the necessary course correction measures.
Powered by AirGain, Bangkok Airlines leveraged vital pricing insights and competitive intelligence to build a reliable, scalable and robust revenue strategy.
AirGain is powered by insights from over 50 metasearch sites, 170 OTAs and 200 airlines. Trusted by the fastest-growing airlines worldwide, AirGain helps aviation companies large and small to power their revenue growth through unlimited, accurate and actionable intelligence.
An intelligent pricing strategy offers the most competitive airfare to customers. That is the key reason why airlines pircing partner with AirGain, for holistic market intelligence and technology-driven solutions for the airline industry.
