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5 questions CIOs must ask after Southwest Airlines’ failure

CIO

The last thing any CIO wants is to experience catastrophic operational issues during a peak season, but that’s exactly what executives at Southwest Airlines faced last week. 19-28 far exceeded any other airlines’ operational impacts. Even before the blizzard hit, Southwest Airlines CEO Bob Jordan acknowledged on Nov.

Airlines 340
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B2B Travel Platform For Corporate Travel Management

Altexsoft

With airlines such as United and American shifting content away from legacy Global Distribution System (GDS) channels towards their own platforms and NDC-enabled channels, businesses relying on traditional GDS systems face a challenge. Corporate travel management comes with its unique set of needs and challenges. Legacy GDS limitations.

Travel 52
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Travel Fraud Protection: Key Types of Travel Scam, Protective Measures, and Software to Consider

Altexsoft

Besides, due to the specific nature of the industry with high-value one-off payments, a big number of businesses across the world, and rapid customer consumption of services, the travel and hospitality sector is a huge target for fraud. In 2019, the travel and hospitality industry accounted for a whopping 10.3 percent of global GDP.

Travel 52
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Schedule Optimization: Technological Approaches and Use Cases

Altexsoft

So, numerous techniques, including mathematical optimization, constraint programming, and machine learning (ML), are used to address this issue. Doing it manually is time-consuming and way too uneffective. What is schedule optimization? Depending on the industry and management domain, scheduling may refer to.

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How to Choose a Data Science and AI Consulting Company

Altexsoft

Innovata, which was incorporated by the FlightGlobal news and information site, is a leading provider of historical, current, and future schedule data for more than 900 airlines worldwide. Customer-facing applications powered by machine learning algorithms solve your customers’ problems. Price prediction engines (e.g.

Company 63
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AI in Short-Term Rentals: How Machine Learning Shapes STR

Altexsoft

The short-term rentals (STR) market has been expanding rapidly in recent years, with popular vacation rental platforms like Airbnb, Booking.com, and VRBO transforming how people travel and lodge. This includes learning, reasoning, problem-solving, perception, language understanding, and decision-making.

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Dynamic Pricing Explained: Use in Revenue Management and Pricing Optimization

Altexsoft

The reality is that you’ll need a more sophisticated pricing strategy to fit into today’s highly competitive market and be flexible enough to adjust to any changes. Dynamic pricing is a practice of setting a price for a product or service based on current market conditions. Would you consider fixed costs, competitor prices, or both?