TAP Portugal Selects PROS Real-Time Dynamic Pricing to Synchronize Pricing, Availability Across Global Distribution Channels
Provides greater control, manages availability without increasing distribution
HOUSTON and LISBON, Portugal, April 10, 2017 – PROS (NYSE: PRO), the revenue and profit realization company, today announced that TAP Portugal, the country’s flag carrier, has selected PROS Real-Time Dynamic Pricing (RTDP) to expand its global distribution and revenue management strategy. PROS cloud-based solution will enable the carrier to offer accurate, real-time price availability across its global shopping channels, while keeping booking rules and fares fully synchronized.
TAP Portugal, headquartered at its hub in the Lisbon airport, operates approximately 2,500 weekly flights to more than 80 destinations and 29 countries worldwide. It is also a member of the global Star Alliance and this year celebrates 72 years of service.
TAP Portugal is implementing PROS RTDP to deliver increased personalization through dynamic pricing science. By dynamically determining the best offer for every customer request, and providing up-to-date pricing and seat availability from every selling channel, TAP Portugal will provide its customers with a modern commerce experience.
“Our goal is to provide our customers around the world with real-time availability and accurate pricing, no matter when or where they’re looking to fly with us,” said Elton D’Souza, TAP Portugal’s Senior Vice President, Network Management. “PROS RTDP provides us with greater control and management of our distribution costs, and it enables us to grow revenue by managing availability without increasing our selling costs. We appreciate our partnership with PROS and this strategic innovation that will enable us to drive revenue for our business.”
“Across today’s modern commerce marketplace, airlines are competing to provide their customers with the best offers and most personalized experiences,” said PROS Travel President Benson Yuen. “The linchpin of these new requirements is dynamic pricing science, complemented with robust revenue management, which enables forward-thinking airlines like TAP Portugal to provide accurate, efficient and more relevant sales responses. We are honored that TAP Portugal has chosen PROS to help drive new opportunities for revenue and growth.”
Elton D’Souza will be a keynote speaker at PROS Outperform Conference, scheduled for May 10-12 in Chicago, where he will share more about how TAP Portugal is driving its transformation to modern commerce.
About TAP Portugal
Founded in March 1945 by Humberto Delgado, TAP Portugal launched its inaugural route between Lisbon and Madrid in 1946. Today, the airline operates a fleet that flies to 84 destinations in Europe, America and Africa.
PROS Holdings, Inc. (NYSE: PRO) is a revenue and profit realization company that helps B2B and B2C customers realize their potential through the blend of simplicity and data science. PROS offers cloud solutions to help accelerate sales, formulate winning pricing strategies and align product, demand and availability. PROS revenue and profit realization solutions are designed to allow customers to experience meaningful revenue growth, sustained profitability and modernized business processes. To learn more, visit www.pros.com.
This press release contains forward-looking statements, including statements about the functionality and benefits of revenue and profit realization software to organizations generally as well as the functionality and benefits of PROS software products. The forward-looking statements contained in this press release are based upon PROS historical experience with revenue and profit realization software and its current expectations of the benefits of revenue and profit realization software for organizations that implement and utilize such software. Factors that could cause actual results to differ materially from those described herein include the addressability of an organization’s revenue and profit realization software needs, the risks associated with PROS developing and enhancing products with the functionality necessary to deliver the stated results and the risks associated with the complex implementation and maintenance of revenue and profit realization software such as PROS software products. Additional information relating to the uncertainty affecting the PROS business is contained in PROS filings with the Securities and Exchange Commission. These forward-looking statements represent PROS expectations as of the date of this press release. Subsequent events may cause these expectations to change, and PROS disclaims any obligations to update or alter these forward-looking statements in the future whether as a result of new information, future events or otherwise.
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