Rategain Travel Technologies Limited has informed the Exchange regarding a press release dated August 14, 2025, titled "Press Release on Avis Fargo Achieves 14% Increase in RPD (Revenue Per Day) with RateGain s AI-Powered Pricing Platform for Car Rentals ".
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RateGain announced that Avis Fargo, which operates Avis and Budget franchises at Fargo's Hector International Airport under Reliance Leasing Inc., has achieved strong results using RateGain's Rev-AI AI-powered demand forecasting and dynamic pricing platform. The partnership delivered a 21% average growth in bookings (peaking at 26%), a 30% revenue uplift translating to a $100K increase in the initial phase, a 14% rise in Revenue Per Day (RPD), and a 5% increase in market share. The platform automated pricing updates, centralized market intelligence, and provided forward-looking demand insights without requiring additional staff. Avis Fargo's VP Dani Arnold called Rev-AI a 'strategic partner' that enabled better fleet strategy and demand forecasting.
This is a customer success press release showcasing product efficacy rather than a material financial event, so the direct stock impact is limited. However, it reinforces RateGain's positioning in the AI-driven car rental SaaS segment and could support long-term business development and brand credibility.