GET A BETTER HANDLE ON THE FUTURE
To maximize unit value – such as revenue per available car day, revenue per available room or revenue per available seat mile – travel and hospitality companies need a deep and sophisticated understanding of future demand.
1010data lets you harness and analyze large volumes of historical data, external data and present-day signals needed to build more accurate and actionable forecasts and improve the effectiveness of your revenue management initiatives.
BUILD A MORE ACCURATE AND ACTIONABLE PICTURE
Enable More Complete Forecasts
Unify massive volumes of data from multiple disparate systems to gain a complete picture of the factors that drive historical demand – from seasonality, to events, weather and more.
Improve Forecast Accuracy
Integrate new data that was previously too large or too complex to serve as an input, enabling you to improve the overall accuracy and effectiveness of your demand forecasts.
Enhance Revenue Management
Leverage accurate forecasts to reduce lost revenues due to unsold or underpriced inventory, and to more efficiently plan and manage resources and operational expenses.
GAIN A BROADER VIEW OF DEMAND
Leverage Pricing Insights
Incorporate revenue and margin KPIs into demand forecasts, to gain an understanding of how pricing affects demand and profitability, as well as when, for instance, your enterprise drives increased profit by either pricing higher and remaining slightly undersold or pricing lower and booking all available inventory.
Gain a Deeper Understanding of the Customer
Enrich your forecasts and analyses with 3rd-party data sources that provide you a broader understanding of your customer – such as large-scale panel data revealing online browsing and booking behavior
Measure Unmet Demand
Benefit from deeper insights about unmet demand such as instances where shoppers searched your rates, dates or fares on online travel agencies, but elected to book elsewhere.