Corporate Blog

Optimizing airport aero revenues with dynamic pricing

CDX-iAirport-Marketplace-Blog

Fuelled by the growth in air travel, airports have transitioned from public infrastructures to dynamic arenas where private operators and innovative ownership models have gained prominence. Demand for new airports and the rise of privately operated facilities have led to a decline in government-operated airports, which requires continuous recalibration of the aviation industry's dynamics. However, regulatory frameworks remain indispensable given airports' strategic role in economies. While respecting the rules of basic market economics, governments recognize that private ownership requires som...

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How digital wallets and payment orchestration are reshaping the payment ecosystem

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With digital payments expected to grow over 20%, reaching US$361.30 billion globally by 2030, and cashless transactions increasing 80% to reach 1.9 trillion by 2025, traditional payment methods are rapidly giving way to new ones. In this evolving context, digital wallets have emerged as frontrunners, clearly reshaping the payments ecosystem with several advantages: ConvenienceThe primary goal of digital wallets is to simplify and streamline the payment process. With just a smartphone, consumers can conveniently pay online or in physical stores, accelerating transactions through a hassle-free e...

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Navigating the Talent Journey: Insights from the "Recruit, Develop & Retain" Panel

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I recently attended the People Matters L&D Conference 2023, one of the largest Learning & Development conferences in India, where I had the privilege of moderating the "Recruit, Develop & Retain" session, delving into the intricacies of talent management! Joining me on stage, were three esteemed panellists - Anindya Shee, Vice President of Jio Platforms; Ritu Agast, HR Director, Pearson India; and Rutinder Negi, Head of Learning & Development at Bajaj Finserv. Bringing together leaders from diverse industries to provide a spectrum of insights. Employee diversity was our first t...

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ONE Record and the road to a seamlessly connected air cargo ecosystem

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These are exciting times to work in air cargo; we have a unique "once-in-a-generation" opportunity to shape the industry's future by resetting its digital foundations. There´s significant room to improve operations in the cargo ecosystem, characterized by legacy standards, overly complex processes, siloed systems patchworks, and workaround solutions. The result? Truncated information flows and systems integrations where critical data is lost or inaccurately interpreted across the shipment lifecycle, leading to inefficiencies and putting compliance at risk. But a brighter future is in the makin...

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Airline Revenue Management - The world is moving forward, do not be left behind

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Traditionally, airlines treat seats as commodity, and airline Revenue Management (RM) relies heavily on categorizing them into fare-specific booking classes and forecasting the demand. Seat allocations to the classes are dynamically adjusted based on demand, to optimize revenue, thereby establishing an inventory control-driven dynamic pricing system - a method still widely employed by most airlines. However, passenger preferences have limited influence in this mechanism, largely due to technological limitations prevalent when this RM approach was devised decades ago. The inability to grasp pas...

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