The industry leaders Robin Chiang, Vice President-EMEA Kayak
Brian Wishlinski, Director, Partners, and Alliances PROS, Ciaran Brannigan Ex-Director of Revenue Ryanair, Shweta Vashishth Vice President – Sales RateGain discussing how airlines can recover and reform their pricing in 2021.
Decode how the Airlines can recover faster in the new normal by learning about:
o Who is the Post-COVID Airline Traveler?
o Are prices recovering, and if yes, how does that recovery look?
o What should pricing teams do about technology?
o Is there a revenue management checklist for 2021
6. Insights Into the Post-COVID Traveler
Robin Chiang
GeneralManager (EMEA) KAYAK
7. TravelerDuration has Increased Due to Country Restrictions
Interregionaltravel duration spiked due
to COVID regulations put in place
o With quarantine measurements
put in place when traveling from
one country to another,
international travel trip duration
has increased
o Intraregional travel duration
remained steady for NORAM,
LATAM and APAC; EMEA
intraregional travel duration
increased as well, but saw a
decrease last summer due to
loosened restrictions
8. Prices haveDecreased for Most Regions
Prices havedecreased for all regions on
interregional travel except EMEA
9. Other Notable Changes in User Behaviour
o Last minute travel - Opportunistic bookings based upon upcoming restrictions & pricing
o Users areengaging with KAYAK’s “Flexible” filters, as flight flexibility is currently topof
mind
o Users areengaging with KAYAK’s “Covid Hub” –a mapwith 215 countries that is
updated daily, andis one of the most reliable sources oftravel restriction information
according toForbes
o Sustainability - “Eco-friendly” filter andsort order, drivingusers tomore environmentally
friendly flights. Multimodal will become increasingly important
o Workcation - Domestic workcations as well as countries like Bermuda offering “work
from abroad”visas
o Rental Cars - We’re seeing moreinterest in rentals, with the car vertical as our frontdoor
16. What WeNeed to Remember for 2021
RecoveryVolatility Till 2022
o Pent up Demand Spikes Being observed in period of restriction relaxation
Revisit Forecast Techniques
Short Haul More Favourableto Ancillaries
o Ask your provider to help with leading indicators data to predict demand spikes
o With Domestic Flights being key to recovery; airlines need to focus more on ancillaries
17. 17
Tech Trends Forthe New Normal
BrianWishlinski
Director, Partnersand Alliances
PROS
18. Revenue Management Solutions will be Crucial in COVID Recovery Environment
New sources arebeing usedto predict demand
Supply probably recovering faster than demand
Competitive intelligence moreimportant than ever
19. +
A Joint Effort to Provide Comprehensive Intelligence to Airlines
20. Airlines are Using Recoveryto be Innovative
o Dynamic / continuous pricing provides airlines with more
flexibility
o Dynamic offers will provide real-timeshopping and pricing
options for customers
o Digital / e-commercesolution to capturemore of customer’s
wallet share
23. Impact on Revenue Managementand Pricing
o Historical data irrelevant
o Impact onbooking profiles
o Traditional pricing segmentation not workingto stimulate
demand
o How to deal with shifting regulations and the impact on
demand
o What other data can RM teams get to help with decision
making
o How to leverage the knowledgeof RM andpricing teams to
align with overall commercial goals
24. Howwill pricing and RM evolve in the long term?
Old Methods Old Methods Current Hybrid
o Blend of historic and trends
o Live data – analysts and
system can see and detect
spikes
o Internal and external data will
feed into RM systems
o Shared data across the
organisation.
o Integrated decision making.
o Historical based
o Overnight/Periodic updates
o Internal data driven
o Siloed approach to data –
Functions using different
metrics and sources
o Day to day trends
o Workarounds to get intra day
updates.
o Using external data to supplement
decision making
o Sharing data and working together
has become essential to plan better
schedules/marketing efforts
Future Ways of working
25. Outlook and Checklist for 2021
o Early 2021is an opportunity to get ready for the recovery
o Evaluate systems and data and close gaps
o Reviewbooking data (high/low – trends)
o Competitive data – can youget this multiple times per day on close
indates
o Live booking feed – set upalerts
o Website data – searches/books – set up alerts
o Cross functional check– capacity review with network. Marketing
activity.
o External data – OTAs/Metas – what’s happening in themarket
o Regulatory – are therechangesin restrictions in yourmarkets. How
will theseimpact?