Sabre has launched two new pricing
solutions - Sabre AirVision Dynamic Availability and Sabre
AirVision Fares Optimizer - that help airlines to proactively address rapidly changing market conditions
in real time.
Etihad Airways
and Aegean Airlines will be the first Sabre customers to implement
the solutions.
“Pricing is one of the most complex
issues in the aviation industry, and airlines are under immense
pressure to adapt prices in line with constantly changing market
conditions,” said Dave Shirk, Sabre president of Travel Solutions.
“Success requires pricing and revenue management technology that
will not only push boundaries, but truly equip airlines for the
next frontier. As part of our commitment to enable the digital
airline of the future, our dynamic pricing solutions give airlines
the intelligence needed to compete and grow revenue today and well
into the future. This type of innovation can only come from close
collaboration with leading airlines who help imagine the future
alongside Sabre.”
Sabre AirVision Fares Optimizer
empowers airlines to adjust their fares based on
real-time market data. It recommends pricing structures based on
customer segmentation and competitor price checks, and generates
fare recommendations by estimating each customer’s potential
willingness to pay. For more tactical adjustments, Sabre AirVision Dynamic Availability enables airlines to quickly respond to ever evolving market dynamics. These two solutions, coupled with Sabre’s shopping data
and Revenue Optimizer technology, empower airlines with a complete
pricing and revenue management offering.
Both
solutions are the result of a long-term innovation
partnership with Etihad Airways.
“Building solutions using
real-world data, scenarios and receiving continuous feedback from
the airline are the key ingredients to a successful development,”
said Bhaskara Rao Guntreddy, head of solutions and innovation at
Etihad Airways. “During initial testing phases, Fares Optimizer
and Dynamic Availability have already proven their potential to
achieve incremental revenue growth. For example, by using Dynamic
Availability, our pricing analysts at Etihad can be more aligned
to our business strategy.”
Echoing these
sentiments, Roland Jaggi, director of revenue management at Aegean
Airlines, said, “We know that partnering with Sabre on Fares
Optimizer will continue to build our total revenue optimization
strategy. Sabre continues to be Aegean’s preferred technology
partner to help us accomplish our pricing and revenue management
goals.”
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