Advance Reg Algorithm
Businesses that sell holidays more than12 months in advance take the risk of estimating the price of flights before the airlines have released pricing and availability. If they price to high, they will loose out to the competition, but if they price too low, they risk loosing money on bookings.
Tracking historical data
Our travel technology caches flight pricing over years to identify trends in the market. It identifies when airlines release lower prices, the price differentials during different sale periods, the availability of fare classes at different times of the year and for different periods. Using this data, you can define rules that will provide a much more insightful forecast on what prices will be 12-36 months in advance.
Setting pricing
Your organisation will define all the rules used to determine the pricing that will be used for advanced-reg bookings. You can use very simplistic rules such as a percentage increase on the previous years pricing trends, or you can set advanced criteria that base pricing on a range of different factors and that use the cached pricing history as a defining guide.
Making bookings
Once airline release seats, you can automate the booking process so that seats are immediately held off. You can also use the auto-repricing engine to rebook seats at a lower fare when the airline runs its January sale or when a lower fare class becomes available.