The company ‘RateGain Travel Technologies’ has announced that, it had partnered with the Malco Enterprises of Nevada, Inc., which has been a leading Car Rental Company in the region of Las Vegas for the purpose of driving the recovery of the business with the revAI, first revenue management platform powered by the Artificial Intelligence (AI) in the world.
The company ‘Malco’ has been operating as a Budget Rent A car of the region of Las Vegas since the year 1989, and the company has been one of the biggest car rental franchise for the ABG across the region of North America, and the company has now been operating in around ten locations spread across the region of Las Vegas, which is also including the McCarran International Airport.
As the car rental segment had been the fastest to recover in the industry, the shortages of the labour, along with the unreliable historical data and lack of the automation has been responsible for making it very difficult for the independent and medium sized car rentals for the purpose of identifying the maximization opportunities of the revenue at the right time.
The company ‘Malco’ is also going to be getting a price optimization module for the purpose of helping the company to capture the extra market share through a price recommendation engine that is driven by Artificial Intelligence at the time of giving the visibility into the company’s current achievement in the revenue during the ongoing financial year.
