Airline Pricing Volatility and Corporate Travel

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The mechanisms behind Airline Yield Management for business travel, also known as Revenue Management or Dynamic Pricing, are not especially transparent to corporate buyers. There are a number of common beliefs about the pricing strategies and patterns behind airfare volatility: Prices rise initially, fall as departure approaches, change when seats are sold, fluctuate with correlated substitutes of days and locations, and so on.

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Travel and Tourism Research Association

Founded in 1970, the Travel and Tourism Research Association (ttra) is a non-profit association whose purpose is to enhance the quality, value, effectiveness and use of research in travel marketing, planning, and development. Our Association strives to be a leader for the global community of practitioners and educators engaged in research, information management, and marketing in the travel, tourism and hospitality industries.

OTHER ARTICLES

AI is the key ingredient for travel and hospitality sectors' business strategy

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How will travel loyalty programs respond to coronavirus?

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Poor payment experience determines choice of travel provider

Article | February 24, 2020

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BUSINESS TRAVEL

How to Save Time, Money and Effort on Business Travel with a Corporate Lodging Solution

Article | February 24, 2020

Business travel is a huge expense for many companies. Did you know that the average cost of a business trip totals $1,286? Lodging accounts for the majority of that figure, while meals, flights and car rentals make up the rest. But it’s not all bad news. For every dollar spent on business travel, companies see a $2.90 increase in profit and a $9.50 increase in revenue. So, business travel is at least well worth the investment. Nevertheless, wouldn’t it be great if you could make that same amount of profit and revenue with a smaller business travel spend? That idea isn’t as crazy as you might think. Many companies rely on an unmanaged business travel system. They waste time, effort and money by manually organizing their work trips. By choosing a corporate lodging solution for all of your hotel bookings, you automate a lot of the process, achieving cheaper and more efficient business travel as a result. So how exactly does a corporate lodging solution save companies time, effort and ultimately, money? Let’s dive into the details

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Spotlight

Travel and Tourism Research Association

Founded in 1970, the Travel and Tourism Research Association (ttra) is a non-profit association whose purpose is to enhance the quality, value, effectiveness and use of research in travel marketing, planning, and development. Our Association strives to be a leader for the global community of practitioners and educators engaged in research, information management, and marketing in the travel, tourism and hospitality industries.

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