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Tag: Revenue Management
RateeGain today announced that they have been chosen by Aurinkomatkat, the tour operator of Finnair, to derive comprehensive rate intelligence for pricing its tour packages. RateGain's industry-first, big data solution, RevGain Packages, would aid Aurinkomatkat in predicting the overall demand of tour packages, & then optimize the prices based on the acquired competitive intelligence, historical & other correlated data.
In times of economic uncertainty where demand drops and becomes more unpredictable, the travel industry sees much more pressure on prices.
One of the critical developments for revenue management (RM) in the hotel industry is that the customer is armed with better information.
The distinction, which could be done easily among various airline business models, has increasingly become less clear over the past few years.
Competition has led many Limited Liability Companies (LCCs) to adopt attributes of network operators, including frequent flyer programs and, most particularly, the ability to connect with other airlin