Conference “Best practices & principles of Revenue management & pricing excellence”

On October 16-17 in Shanghai (China) held the largest in South-East Asia Conference "Best practices & principles of Revenue management & pricing excellence", dedicated to the practical aspects of the airline revenues management, the principles and optimization of pricing in the service of air carriers. Sirena-Travel Company participated in organization of the conference and sonsored this event.
The conference was attended by representatives of the largest airlines in China, the key players in the airline industry in South-East Asia and the Pacific, leading experts and specialists in commerce and management of aviation complex.
Relevance of the conference is difficult to overestimate - modern revenue management systems, technological solutions and methods of construction of business processes are key elements in development of airlines strategy, which allow rationally allocate and optimize existing resources, to use the innovative products and developments in the sphere of air transportation.
Comercial director, Marina Volodina  represented "Sirena-Travel" at the conference as a speaker and competent expert in the field of revenue management of airlines. The report on Sirena. Revenue Management System (RMS) - revenue management systme of Airlines, developed by Sirena-Travel, contained its basic components, the basic principles of architecture, competitive advantages and problems of integration into existing inventory system.
Particular attention was paid to structural and technological characteristics of Sirena. Revenue, discussed in detail the interaction scenarios of its elements, the maximum "friendly" of the system, its setting and further operation. As noted in the report, using of  Sirena.Revenue system reduce the operating costs of airlines for revenue management, minimize costs for personnel engaged in the respective spheres of air transportation.

Sirena-Travel. Airline solution.

Market challenges faced by airlines today are forcing them to use more flexible methods of managing of business processes, introduce new software products, to use more extensive the competitive advantages. Nowadays  is obviously trend of deep optimization of the air transportation process. Speakers at the conference repeatedly noted the hard realities of the modern environment in sphere of air carriers: the main idea of the conference was to discuss the current situation and their assessment, analysis of prospects for the development of the market in the current difficult times. Most speakers and experts make recommendations to maximize the effective use of management  as methods to increase the revenue of aviation complex and building a successful business model of airline operations.    
                                                                                                                                          



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