RateGain Technologies has added new functionality to its airline pricing system that allows carrier to monitor OTAs violating rate parity agreements.
AirGain 2.1 is a more detailed pricing intelligence tool, said RateGain allowing airlines to match pricing across all their channels.
The latest update includes and new dashboard including data on parity scores, average revenue loss, consumer confidence, and a violating channels leaderboard and availability status.
With the new rate parity feature airlines can monitor competing channels by exactly matching airlines based on route, departure date, return date and airlines code.
Carriers can also send notification to violating OTAs through the system.
AirGain 2.1 also includes smarter alerts including market position aggregates and availability status.
Anand Medepalli, chief product officer at RateGain, said: “We are excited to introduce AirGain 2.1 with additional valuable features designed to help the airline industry take control of rate parity and pricing operations, efficiently.
“In our research, we found that rate disparity is one of the major concern for airlines. Rate/availability disparity not only adversely affects direct business, customer’s data but also their confidence on the brand .
“Considering this, AirGain 2.1 release introduces the parity module that helps airlines identify improvement opportunity, and address them quickly through the tool itself.
“Along with this, the airlines can now access the parity score like Revenue Loss Indicator, Consumer Confidence Index etc to track airline’s progress over time.
“Our focus has always been on carefully understanding and analysing the needs of the industry and this release highlights our dedication to customer-driven innovation.
“AirGain 2.1 has been designed to address the key existing pricing issues faced by the airlines and help them stay ahead of others.”