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Arrive at your Destination – Meaningful Revenue Growth in the Travel Industry

The travel landscape is changing at dizzying speeds. Revenue growth is an ongoing concern, with many seeing overcapacity and decreasing passenger yields adding to increasing downward pressure. Market competition is increasingly fierce with the strengthening of Low Cost Carriers (LCCs) combined with new product offerings from all carriers.

Travelers have new expectations for flexible shopping across multiple channels – leading to higher look-to-book ratios. Technological changes and new industry standards such as New Distribution Capability (NDC) will cause tremendous disruption to existing infrastructures. Airlines are looking for new ways to deliver a modern commerce experience to their customers – they need the future of revenue management today.

The next era of revenue management gives control back to the airlines so they can provide passengers the real time, differentiated, personalized offers they want. To be successful, airlines must implement modern commerce capabilities based on real time dynamic pricing and offer optimization to deliver an exceptional personalized experience that delights passengers.

Success Story

Improving Performance with PROS Advanced Revenue Management Solutions

CUSTOMER

Airline increases revenue with an advanced approach to forecasting and revenue management is required to future-proof the airline in a rapidly changing travel landscape

Challenge

Low-cost competition, restriction-free fares and pricing transparency induced higher-fare passengers to buy at lower-cost fares – a significant threat to revenue performance

Solution

Navigate and Rest Easy with PROS Cloud Solutions

How does dynamic pricing help you manage availability and overbooking while maximizing revenue opportunity? How do you control and distribute personalized offers across channels? Or account for large groups without displacing high-valued, loyalty customers? Or upsell ancillary services across the traveler’s journey?

With PROS Cloud Solutions you can outperform the Travel industry:

  • Gain visibility into customer buying behaviors for holidays and special events so you can align distinct forecasts for booking and cancellations to realize revenue growth and profitability potential.
  • Accelerate sales results through dynamic pricing across different passenger types including groups and corporate sales.
  • Differentiate against the competition with sub-second response times and accurate and comprehensive search results.

Resources

EBOOK

Are You Ready for the Future of Revenue Management?

EBOOK

The modern commerce approach for airlines.

VIDEO

PROS Outperform

VIDEO

The travel landscape is changing. See how industry leaders are meeting the challenge.

Watch now

WEBINAR

The Next Era of Airline Innovation Starts in the Cloud

WEBINAR

Get ahead of the changing travel landscape with Cloud including a checklist for what to look for in a SaaS provider.

SELECT CUSTOMERS

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