Airline Revenue Management Software
Airline Revenue Management Software
Airline Revenue Management Software For Intelligent Demand Forecasting And Revenue Maximization GroupRM combines intelligent AI and exceptional user experience that will allow airlines to manage group bookings seamlessly from retail customers and travel agents. The airline revenue management software’s automation of group sales further leads to higher conversions and stops revenue leakage in its tracks.
Revolutionizing group travel with best-in-class airline revenue management software
GroupRM, the next-generation airline revenue management solution, automates your airline’s entire group traffic management process. Airlines can make use of the single, easy-to-use web interface for accepting and managing requests, deciding the fare, negotiating, booking, and tracking all group requests.
Game-changing features of the airline revenue management tool
Group Requester
GroupRM lets you provide a customized form for direct customers, corporate travel managers, group desk analysts, airline sales force, and travel agents to raise group requests easily.
Group evaluator
Based on various crucial factors, including real-time competitor rates, historical buying behavior of the group, and load factor, GroupRM can automatically quote the optimal group fare.
Group Negotiator
Group desk analysts and customers can negotiate the rates through an easy-to-use online interface, which makes the whole process transparent and quick.
Integration of multiple payment methods
Notably, airlines can make use of the group sales solution to integrate as many payment modes as you want
Group Follow Up
With the airline revenue management solution, airlines can send real-time, consistent alerts to customers for payment and passenger name updates after they’ve accepted the group quote.
Group policy enforcement
Crucially, GroupRM allows airlines to set up group travel policies depending on the booking and cancellation rules in different countries.
Automatic quotes
With the airline revenue management solution, airlines can send real-time, consistent alerts to customers for payment and passenger name updates after they’ve accepted the group quote.
Tracking of group requests
Without hassle, airlines can track, respond to, send, and categorize emails right from the group desk and allow salespersons to track group requests within their territory.
Revolutionizing group travel with best-in-class airline revenue management software
GroupRM, the next-generation airline revenue management solution, automates your airline’s entire group traffic management process. Airlines can make use of the single, easy-to-use web interface for accepting and managing requests, deciding the fare, negotiating, booking, and tracking all group requests.
Dynamic pricing that drives customer satisfaction
GroupRM airline revenue management software eliminates the biggest pain point that airline have—providing arbitrary pricing for groups. With the solution, airlines can deliver dynamic prices in real-time that consider all the relevant factors, leading to boosted rates of customer satisfaction and group closure.
Self-service capabilities that your customers will enjoy
Using GroupRM’s self-service e-commerce capabilities, travel agents can instantly quote, book, and manage changes to group requests. By ensuring that the group pricing and booking process is automated, your airline can get greater group conversion rates, drive fare increases, and consequently boost revenue as well.
No more dependence on legacy systems
With the AI-powered airline revenue management tool’s ticketing and payment management capabilities, airlines can meet all their group booking and pricing needs in a single platform. Consequently, airlines can reduce costs greatly alongside effectively managing post-ticketing processes and offering ancillaries.
Rapid contract generation and payment tracking
GroupRM makes your sales team hyper-efficient by giving them the ability to automatically manage contracts. It is worth mentioning that the tool helps the sales team produce contracts with customized terms and conditions as well.
Better synergy between revenue management and sales team
Throughout the booking process, all the stakeholders (travel agents, sales, revenue managers) can negotiate and manage group policy in a way that reflects their best interests. The whole process of managing group policy is centralized and transparent, which prevents escalations and increases turnaround time as well.
Revolutionizing group travel with best-in-class airline revenue management software
GroupRM has been proven to increase customer satisfaction by 37% by means of leveraging AI and machine learning. The following features will ensure your customers keep coming back for more:
- Automated booking and offer process
- 24X7 group booking
- Customers can adjust group size
- Instant confirmations and non-binding offer generation
- Multiple payment methods
- A fully functional platform for business travelers
- Effortless booking management for private customers
- Booking management based on preset business rules
- Significantly fewer duplicate queries
- Direct communication between customers and the airline
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An industry leader for a reason
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Average rise in revenue per passenger
15
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Average rise in revenue per passenger
9
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Average increase in turnaround time
25
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Average rise in process efficiency
Transform group sales process end to end with the world’s best airline revenue management software
GroupRM is a one-stop solution for airlines looking to adopt dynamic, intelligent pricing for group requests and automate the entire group booking process to increase efficiency and revenue per passenger.
Web-based interface for group booking management
Along with the airline revenue management solution, airlines get a simple, easy-to-use web interface for accepting and managing group requests easily. Also, they can decide fares, negotiate the terms of the quote, and track group requests across channels.
Multiple opportunities to boost airline revenue
GroupRM lets airlines automatically follow up with customers for payment and ticket confirmation. Moreover, the system helps prevent revenue leakage by allowing for multiple payment options. It is further worth noting that airlines can offer personalized ancillaries to generate the maximum possible revenue.
Multiple opportunities to boost airline revenue
GroupRM lets airlines automatically follow up with customers for payment and ticket confirmation. Moreover, the system helps prevent revenue leakage by allowing for multiple payment options. It is further worth noting that airlines can offer personalized ancillaries to generate the maximum possible revenue.
Tailor-made group travel solutions for corporate clients
Airlines can generate a lot of goodwill by providing their corporate clients with selective discounts using GroupRM. Besides, they can run effective sales campaigns and optimize prices based on the market demand.
A massive increase in group booking turnaround time
A key benefit of airline revenue management software is that it takes away the pain of having to handle group requests manually. Usually, the process takes about a week, which leads many customers to drop out of the buying process.
Increased productivity across the board
The solution equips airlines with the ability to automatically send quotes and other vital notifications based on certain preset rules via SMS/ email. Apart from this, the airline can automate the process of reaching out to customers to confirm the name list and to make payment. When these time-consuming processes aren’t done manually, the group desk ends up saving tons of time.
Advanced reports
GroupRM provides your airline with rich insights on details, such as the efficiency of the group desk, behavior of different groups, and the effectiveness of group booking as well through comprehensive reports.
Guaranteed compliance with group policy
Based on regions/ countries, airlines can set up group booking and cancellation policies, which will go a long way in preventing revenue leaks.
Exceptional customer satisfaction rates
With GroupRM, customers, travel agents, and the airline’s sales team can book tickets instantly through the system. This means the customers don’t have to wait for 5-7 days for confirmation. Additionally, customers will be delighted by the transparent pricing and policies along with the reduction in service time and the chance to communicate directly with the airline.
Why GroupRM is the right airline revenue management solution for you
Airlines can grab group sales opportunities with high returns by making use of the powerful group revenue management solution that lets you manage group booking, contracts, pricing, and even policies from a single interface. A few other reasons to choose GroupRM:
- Seamless integration with every major airline reservation system
- Boosts passenger conversions
- Deliver exceptional shopping and selling experience
- Dynamic pricing based on customer willingness to pay
- Integrates with all ERPs and CRMs
- High level of data security
- Incredibly scalable
