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.