Green Motion International has selected RateGain as its preferred revenue management partner for its franchisee network spread across 650 locations in 73 countries worldwide.
Explore how Vehicle Type Mapping builds on ACRISS codes to provide more accurate classifications and maximize revenue in car rentals.
Discover how Rate Update by Rev-AI optimizes OTA broker strategies for car rentals, enhancing pricing efficiency and competitiveness.
Discover how Automated Rate Updates streamline car rental pricing, ensuring competitive rates and efficient market adaptation.
Explore how predictive analytics transforms car rental businesses, driving growth by optimizing pricing, forecasting demand, and enhancing customer satisfaction. Dive into data's role in strategic decisions.
Navigating the intricacies of the car rental industry can be complex, especially when fine-tuning revenue streams. AI and ML bring about a smarter car rental service with more margins to be earned. Imagine during a big city event, your car rental prices adjusting in real-time to match high demand. That's the beauty of AI!
Revenue management for the car rental industry is a hard ball to crack, with various complex models of operation and polarity in the type of customers across a company’s fleet rental activity. The central differences in the supply-and-demand characteristics further complicate management of revenue in the car rental industry.
In today’s day and age, everything has subtly shifted to the confines of the Internet. The entire online experience has become similar across all channels for almost all the industries, especially, Travel Industry. Whether a person is booking a hotel room or planning to rent a car for that much awaited road trip, the experience is now quite similar.
Given the debilitating scenario of Covid-19, the volatility across all markets has gone up multifold. So, for any business to thrive in unpredictable markets, it became essential to do away with ‘assumptions’ and rely on machine learning forecasting methods.
As the car rental industry looks set to gear up for the next few years, here are 5 lessons from 2021 that every car rental business must be mindful of.
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