The Foxoso Group of Hotels in India has partnered with AxisRooms, implementing its advanced Channel Manager and Revenue Management System to optimize room sales, pricing, and overall operational efficiency. This strategic move allows The Foxoso Group to expand its reach, attract a wider audience, and maximize revenue across its diverse portfolio of hotels.
The Tourism Innovation Summit (TIS) 2024 in Seville, Spain, will bring together leading industry experts to discuss how tourism businesses can leverage technology and collaboration to thrive in an evolving market. The summit will delve into topics such as operational efficiency, revenue management, and investment opportunities, highlighting the role of innovation in shaping the future of the global travel sector.
The Leela Ambience Gurugram Hotel & Residences has appointed Mayank Uppal as Director of Revenue, leveraging his extensive experience in revenue optimization and market leadership to drive future growth and success. Uppal’s appointment is expected to solidify the hotel’s position as a leader in the luxury hospitality industry.
Corendon Airlines, a leading Turkish carrier, has partnered with IBS Software to enhance its commercial operations and boost revenue. The partnership leverages innovative technology, like the iFly Res commerce platform, to streamline processes, optimize pricing, and provide a seamless experience for passengers.
Corendon Airlines, a leading Turkish airline, has partnered with IBS Software to optimize its revenue generation and streamline operations using the iFly Res commerce platform. This strategic alliance will enhance the airline’s efficiency and help it cater to over 37 million passengers during the partnership. IBS Software, a prominent SaaS solutions provider in the travel industry, was chosen after a comprehensive market assessment due to its ability to streamline Corendon’s seat-only and tour operator operations within a single, consolidated inventory. The partnership includes advanced revenue management solutions, dynamic pricing, and NDC-based distribution to deliver personalized offers and improve customer satisfaction.
Virgin Voyages has partnered with IDeaS, a leading hotel revenue optimization company, to bring a sophisticated Revenue Management System (RMS) to the cruise industry. This groundbreaking initiative aims to revolutionize revenue management for Virgin Voyages by leveraging advanced demand forecasting, dynamic pricing, and inventory management tools.
Discover Airlines has appointed Marco Goetz as its new Chief Commercial Officer, effective September 1, 2024. Goetz, a veteran of the airline industry with a strong background in revenue management and network planning, will be responsible for leading the airline’s commercial strategies and enhancing the customer experience. His extensive experience with the Lufthansa Group and his previous role as Chief Revenue Officer at Discover Airlines make him well-suited for this position.
Duetto and SHR, leaders in revenue management and hospitality technology, have announced a partnership to transform casino resorts by offering real-time pricing, boosting revenue and guest satisfaction. This integration enables casino resorts to provide personalized rates and comp rooms to their loyalty members, streamlining operations and enhancing the guest experience.
Global ground travel booking platform Busbud has acquired Ratality, a leading provider of revenue management optimization software. Integrating Ratality’s expertise, Busbud’s Business Suite will offer advanced features like demand forecasting, dynamic pricing, and fleet and driver management. This acquisition enhances Busbud’s value proposition, making it a complete solution provider for operators worldwide, particularly in Africa where Ratality has a strong presence.
JetBlue Airways Corporation reported its financial results for the first quarter of 2024, with a better-than-expected performance for March contributing to an adjusted pre-tax profit. Despite this, the company has revised its full-year guidance downward, citing increased capacity in the Latin region as a key factor impeding revenue acceleration. The airline also detailed network changes, including the closure of seven Blue cities and scaling back operations in Los Angeles and at LaGuardia Airport. Additionally, JetBlue is implementing revenue initiatives and maintaining a focus on a low-cost base. The CEO expressed confidence in the company’s profitability plan and acknowledged crew members’ dedication to safety. The Investor Day event has been postponed to the fall.
