RateGain announced that Malco Enterprises has selected RateGain to drive business recovery with the world’s first AI-powered revenue management platform, revAI.
RateGain’s revAI platform will help Malco Enterprises leverage over 25 real-time demand indicators that provide hyper-local demand to clearly understand the market potential and adjust their pricing by car segment, channel, and location to reach their maximum revenue potential in a day.
“As the car rental industry recovers from COVID-19, we are certain that AI is going to be a critical enabler for addressing the gaps created by COVID, and that is the core philosophy of revAI. As a long time partner to Malco, we are delighted that they allowed us to partner with them on creating new revenue and build a world-class example of AI-powered recovery for other car rentals to follow,” said Siddhartha Kothari, General Manager and EVP for revAI, RateGain
Malco will also get a price optimisation module to help them capture the extra market share through an AI-driven-price recommendation engine while giving visibility into their current revenue achievement in the ongoing financial year.
In addition to understanding market demand, the forecast will also help identify dates that need attention while providing visibility into the demand and recommended pricing for the next 90 days to ensure Malco never loses an opportunity to maximise revenue.
