Search Results forreal-time
Airlines must embrace real-time pricing to maximise revenue: Javier Jiménez
Speaking at the World Aviation Festival 2024 , Airnguru COO Javier Jiménez discussed the pressing challenges airlines face in optimising pricing strategies and highlighted the need for real-time pricing adjustments to better capture customers’ maximum willingness to pay. He pointed out that traditional airline revenue management systems, while dynamic, often fail to address real-time demand fluctuations and price elasticity. Following the session, Jiménez explained: “Even though airline revenue management systems dynamically adjust prices based on inventory optimisation algorithms, there has always been a challenge in optimising prices according to the maximum willingness to pay of each demand segment. While inventory-based algorithms adjust prices, they often fail to capture price elasticity and real-time demand fluctuations effectively. “This limitation stems from the fact that pricing strategy evaluations have traditionally been done through a batch process, relying on retrospective comparisons, rather than leveraging real-time data to dynamically adjust to evolving market conditions. Moving towards more real-time adjustments is crucial for aligning pricing strategies with actual customer demand and maximising revenue potential.”
SITA Intelligence and Targeting provides real-time risk assessment
SITA has unveiled its most advanced intelligence and targeting offering yet, providing the backbone for dynamic and integrated border management, helping governments identify and manage risks long before they reach their land, sea, and air borders. Today governments face the arduous task of balancing the benefits of surging international travel that is close to pre-pandemic levels with increased security and health threats. A key challenge is having the correct information well in advance of travel to make informed decisions on who can cross their border before they pose a threat. SITA Intelligence and Targeting uses advanced risk assessment methods and artificial intelligence to significantly reduce the time needed to extract strategic risk analysis and operational situational awareness across multiple data streams, providing valuable intelligence to act before high-risk individuals arrive in the country. SITA’s solution is designed around a four-phase intelligence methodology – acquire, augment, analyze, action – that maps directly to government customers’ operational environments. The methodology is founded on the premise that intelligence must be actionable while frontline operations must be able to report on outcomes, improve data quality, and update intelligence sources to deliver greater accuracy in future operations. Jeremy Springall, SVP, SITA AT BORDERS, said: “One of the most valuable lessons we learned from the COVID-19 pandemic was the importance of border agencies having the right tools to reconfigure policy rules to address ever-changing threats quickly. These threats change on a daily, sometimes even hourly, basis. As a result, government agencies need far greater flexibility and control. This is exactly what we have delivered with the vastly enhanced SITA Intelligence and Targeting, creating a pre-screening capability to support our government customers’ direct targeting operations and drive down risk as early and as far from the border as possible.” Using Intelligence and Targeting, border agencies can dynamically reconfigure rules and profiles to incorporate new intelligence and respond to new – and constantly changing – threats. Governments can now identify and respond to threats far more quickly, and pre-clear travelers in real time. Over the past 25 years, SITA has invested in building a specialist business unit to support the unique and complex challenges of its 70+ government customers responsible for their country’s border security.
Why Real-Time Passenger Information is Important
Why Real-Time Passenger Information is Important - As we’re entering the digital-first era with an emphasis on connectivity, we need to be more forward-thinking about the ways we’re facilitating a top-notch public transport experience. Commuters are looking for a comfortable and seamless travel experience without disruptions. What can significantly enhance their experience and ensure they’re choosing the same mode of transport again and again is real-time passenger information (RTPI). It provides commuters with live information on timetables, connections, and disruptions. In fact, the global passenger information systems market is […] Click here to read: eTurboNews | TravelIndustry News
CWT unveils real-time carbon footprint indicators to help travellers make more sustainable choices
CWT Carbon Footprint Indicator Hotel 1 CWT, the Business-to-Business-for-Employees (B2B4E) travel management platform has launched new point-of-sale carbon footprint indicators for myCWT mobile and web. Delivered as part of CWT’s $100 million investment in the myCWT travel management platform, this further enhancement of its existing sustainable proposition will be available at no additional cost to all CWT customers globally. The new enhancement will provide travelers with insights into the potential environmental impact of a trip, enabling them to make more sustainable choices at the point of booking. “We surveyed our global customer base at the end of 2021, and an overwhelming 87% expressed that they would like information provided to their employees at point-of-booking to help reinforce responsible travel choices,” said Erik Magnuson, VP Product Management, Travel Content & Connectivity. “CWT’s new carbon footprint indicators will help customers and their travelers understand their corporate and personal travel footprints, and reduce their impact on the environment,” Magnuson concluded. CWT’s comprehensive carbon footprint indicators will provide CO2 emission calculations with cutting-edge accuracy and clarity, empowering travelers to make smart decisions and reduce their environmental impacts with minimal effort. This latest service in CWT’s suite of sustainable travel products is supported by award-winning carbon intelligence platform, Thrust Carbon. As the first major global TMC to activate point-of-sale emissions data with Thrust Carbon, CWT will use their carbon data analytics to answer the industry’s call to action to both report emissions and reduce our impact on our planet. “If the traveler cannot see their emissions at point-of-sale, then it simply will not be a factor in their decision making” said Mark Corbett, Founder & Director of Thrust Carbon. “We are rapidly moving to a world where emissions data will be valued side by side with financial data. Together with our partners at CWT, we have made a giant leap towards delivering this for business travelers around the world.” TMCs are pivotal partners in helping companies incorporate sustainability goals into their travel programs, identify responsible travel choices and fully incorporate sustainable travel into the overall performance of their program. CWT has a number of initiatives underway to further evolve and improve its existing sustainability portfolio, including new dashboards and reporting as well as expanded capabilities in myCWT web and mobile.
How ixigo’s new ‘Vaccine Slot Finder’ will display real-time slot availability from CoWIN site
Vaccination drive against COVID-19 in India is currently in full swing. With citizens flocking to the government portals to find and book relevant slots, it sometimes becomes a challenge to get your preferred slot with such high demand. To increase the chances of getting a vaccination appointment, ixigo has launched ‘Vaccine Slot Finder’ tool on its flights & trains app displaying real-time slot availability from the CoWIN website. https://www.youtube.com/watch?v=M5wnc8wxGL0 This tool can be easily accessed in the ‘What’s New’ section on the app by tapping on the ‘Find vaccine slots’ option. One can select their area pin code or the district along with the age group and specify the dose they qualify for. A user can further filter the search results by selecting the vaccine type (Covishield or Covaxin), and whether they are opting for a ‘free’ or ‘paid’ vaccine centre. If a slot is available, they will be redirected to the coWIN website to book the appointment. In case of unavailability of a slot, users get an option to select ‘notify me when slots are available’ which will enable push notifications for whenever the slots are available in their area. Commenting on the launch, Rajnish Kumar, CTO and director of ixigo said: “With this initiative we want to support the government's efforts in accelerating mass vaccinations by providing our users seamless access to vaccine slots. Timely vaccinations will help ease anxiety and encourage safe and free movement of people going forward.”
ANA unveils real-time capacity on cargo.one to meet accelerated demand
As freight forwarders turn to digital solutions amid the COVID-19 pandemic, All Nippon Airways (ANA), Japan’s largest airline is making its services available on leading e-booking platform, cargo.one. Through ANA and cargo.one’s partnership, announced earlier this year, the ever-growing number of freight forwarders using cargo.one, will have easy web-based access to ANA’s large network with a focus on top destinations in Asia and more for booking with instant confirmation. Over the past week, the airline has restored a significant number of its European cargo flights, which are all bookable by freight forwarders on cargo.one. The airline’s capacity will be available in key European countries, such as Germany, the UK, and France. Other markets, such as the Netherlands, Belgium, Austria, Italy and Sweden will be available soon. “The COVID-19 pandemic has been a catalyst for the increased digital sourcing and booking behavior of freight forwarders and has encouraged our companies to join together with an even stronger bond,” said Toshiaki Toyama, executive vice president of ANA.
Real-time performance data sharing of hotels gets easier
ProfitSword, developer of business intelligence software and data integration services in the hospitality industry, has announced the implementation of its ProfitSage operational and financial reporting solution by J Hospitality and Development. A New Orleans-based development and management company that focuses on creating innovative solutions for hospitality, residential and commercial properties, J Hospitality now leverages the solution to ensure the automated and accurate sharing of real-time performance data at all independent hotels in its portfolio. “By implementing the ProfitSage platform, we have been able to equip all of our independent properties with a financial experience that can cater to each hotel’s specific data needs,” said Karl Bulot at J Hospitality and Development. “Being able to access the right performance data provides a significant competitive advantage in identifying opportunities or risks present within a hotel or its regional market. Customisation of reports allows a corporate office overseeing multiple properties, the real-time ability to devise and maintain a successful company-wide growth strategy,” he added. “Some of the biggest challenges for any organisation overseeing multiple properties are gathering the sheer volume of data from disparate sources in an organized way, a lack of real-time key performance indicators, the lack of systems and processes required to manage data, and the ability to drive a data culture to achieve desired results,” said Paul Bennie, director of business development at ProfitSword.
Rough riders: IATA introduces real-time turbulence forecasting
IATA (International Air Transport Association) has announced the launch of its new Turbulence Aware tool. The new resource has been developed to strengthen carriers' abilities to forecast, track and avoid turbulence. Today airlines rely upon pilot reports and weather advisories to mitigate the impact of turbulence on their operations. These tools have limitations and currently there is no standard turbulence scale, with reports based upon the subjective assessment of pilots – dependent on factors such as pilot experience and aircraft size - who describe conditions as light, moderate or severe. Turbulence Aware works by pooling data from contributing airlines. This data is then consolidated into a single, source database which is accessible to participants. Turbulence Aware data is turned into actionable information when fed into an airline’s dispatch or airborne alerting systems. The result is a global, real-time, detailed and objective information for pilots and operations professionals to manage turbulence. "The airline industry has always cooperated on safety" Alexandre de Juniac, IATA’s director general and CEO, said: “Turbulence Aware is a great example of the potential for digital transformation in the airline industry. The airline industry has always cooperated on safety—its number one priority. Big data is now turbocharging what we can achieve. "In the case of Turbulence Aware, the more precise forecasting of turbulence will provide a real improvement for passengers, whose journeys will be even safer and more comfortable.” Collaborative approach The challenge of managing turbulence is expected to grow as climate change continues to impact weather patterns. This has implications for both safety and efficiency of flight. Delta Air Lines, United Airlines and Aer Lingus have already signed contracts. Delta Air Lines’ senior vice president of flight operations, Jim Graham said: “IATA’s collaborative approach to creating Turbulence Aware with open source data means that airlines will have access to data to better mitigate turbulence. "Using Turbulence Aware in conjunction with Delta’s proprietary Flight Weather Viewer app is expected to build on the significant reductions we’ve seen already to both turbulence-related crew injuries and carbon emissions year-over-year.”
Hotelbeds partners with Rezdy to provide real-time bookings
Hotelbeds Group, a B2B provider of services to the travel trade, has unveiled a strategic partnership with Rezdy, a Sydney-based independent booking software, to increase real-time bookings for experiences globally. Hotelbeds Group’s Ancillary Bank business is responsible for the distribution of in-destination and in-origin ancillary products such as excursions, attraction tickets, theme parks and resorts, cruises and car rental, through online platforms. With the partnership, Hotelbeds Group will increase its activity portfolio in the Asia Pacific and across 100 countries globally, as well as provide booking solutions at the touch of a button. "Offering mobile booking tools is absolutely critical" Director of Ancillary Bank at Hotelbeds Group, Javier Arévalo, said: “We are very pleased to announce our partnership with a leading company such as Rezdy, whose real-time booking solutions are transforming the industry at a time when offering mobile booking tools is absolutely critical. “This has come about as a result of our listening to the needs of the market, where we hear people talking about an ever-increasing demand for better technology to manage efficiently tours and activities bookings – as well as increasing distribution opportunities. This alliance with Rezdy, in particular, boosts our presence in the Asia Pacific region, one of the most important and fastest growing marketplaces worldwide.” https://www.youtube.com/watch?v=Zq9C4hPVtV4 The partnership will immediately bring an additional 1,000 plus activities to Hotelbeds Group’s Ancillary Bank and will increase progressively over a one-year period, joining a total of 65,000 activities already available on the Rezdy platform globally. In the first phase, Hotelbeds has already integrated activities from Paris, Copenhagen, Oslo, Stockholm and Barcelona. As the integration progresses, the group will include more destinations in its platform, expanding to include Asia Pacific – where Rezdy has a particularly strong product base. "This is great news for the tour, attraction and activity companies" Chris Atkin, CEO of Rezdy added: “This partnership with the world’s leading bedbank will grow our distribution network of travel intermediaries, giving our customers access to new distribution channels and a variety of booking segments that might otherwise be difficult to reach. "This is great news for the tour, attraction and activity companies we work with, as every business is naturally always looking for ways to increase their bookings and grow their business without greatly increasing their workload.”
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