American Airlines’ Crandall invented revenue management for the airline industry. Revenue management or yield management, as it’s also called, means the seats in the cabin are sold at different prices. The price you pay for a ticket depends on several factors: Low season prices are lower than...
maintenance and renewal—these are the annual costs associated with servicing and maintenance (expert estimate of 1.5% per year of investments), insurance (estimate of 0.5% per year of investments), revisions and renewal (both calculated per specific technologies). Table 3. Increase in energy, wat...
Easy documentation process for passport, visa, insurance and other requisites Reporting and data analysis Scope for cost savings What are the key elements of a successful corporate travel management program? A corporate travel management program stands on the pillars of travel policy, travel planning ...