Payless Costa Rica Boosts Bookings by 21% with RateGain's AI-Powered Pricing

RateGain Travel Technologies Limited (RateGain), a global provider of AI-powered SaaS solutions for the travel and hospitality industry, today announced the successful deployment of Rev-AI, its AI-driven demand forecasting and dynamic pricing platform for car rentals, by Payless Costa Rica.

A Payless franchise since 2015, Payless Costa Rica has grown from 40 cars in 2003 to a fleet of over 500 vehicles today. With booking volumes increasingly driven by brokers (OTAs) and competition intensifying after post-pandemic fleet expansions, the operator required a more agile and automated approach to pricing.

By adopting Rev-AI by RateGain, Payless Costa Rica transformed its revenue management operations, automating daily rate updates, gaining forward-looking demand visibility, and applying locationbased pricing to improve fleet allocation.

Key Outcomes

- 21.1% Increase in Bookings: Growth in pickup-date bookings over four months compared to the previous year.

- 16.5% Revenue Growth: Smarter, data-driven pricing delivered consistent revenue uplift.

- 94% Accuracy in 60-Day Forecasts: Forward visibility enabled proactive planning and improved pricing confidence.

- 5,500+ Automated Daily Rate Updates: Manual effort minimised, ensuring competitive pricing across channels.

Eduardo Guzowski, General Manager at Payless Costa Rica, said, "Rev-AI has brought structure to a market that's been anything but predictable. It took the manual load off our team and now updates our rates daily across channels-even when key people are away. The market today is tough and highly pricedriven, but with Rev-AI, we finally have the visibility and tools to stay steady. We're no longer reacting day to day-we're planning ahead, even when bookings come in last minute."

With Rev-AI by RateGain embedded into its revenue management strategy, Payless Costa Rica is positioned to respond faster to market shifts, plan with greater confidence, and sustain profitable growth.

Shares of Rategain Travel Technologies Limited was last trading in BSE at Rs. 605.50 as compared to the previous close of Rs. 590.30. The total number of shares traded during the day was 149380 in over 6072 trades.

The stock hit an intraday high of Rs. 614.55 and intraday low of 590.00. The net turnover during the day was Rs. 90097068.00.

Source : Equity Bulls

Keywords

RateGainTravelTechnologies INE0CLI01024 PaylessCostaRica AIPoweredPricing Bookings