Forecasting, Fine-Tuning, and Embracing Tech for Airline Revenue Management Strategies

Modern airlines must innovate continually to optimize revenue management. This includes implementing effective forecasting methods, utilizing advanced data analytics, focusing on rank management, and embracing new technologies with flexible infrastructures. Let’s delve into key strategies for enhancing airline revenue management. Effective Forecasting for Airline Revenue Management Accurate demand forecasting is vital for revenue management. Two critical factors to consider are the data sources used for decision-making and the logical responses to demand fluctuations. For example, during high-demand periods, increasing fares can capitalize on the surge in bookings. Conversely, during low-demand…

Exploring the Evolution of Airline Distribution: GDS and NDC

Discover the fascinating evolution of airline distribution through the lens of GDS and NDC technologies. Over the past few decades, technology has caused a significant transformation in the airline industry. Buying an airline ticket used to be a straightforward process that involved either visiting a travel agent or purchasing a ticket in-person at the airport. However, the adoption of Global Distribution Systems (GDS) and Online Travel Agencies (OTAs) has made airline distribution simpler, faster, and more cost-effective for both airlines and consumers. Recently, New Distribution Capability (NDC) technology has emerged,…