Manage, Improve Non-aviation Revenues and concessionaire performance leveraging automation & AI
Airports are facing severe revenue challenges. Industry regulations and price wars among carriers, airport management have been finding it tough to grow aviation revenues, despite more people traveling these days.
Airports seem to have combated this smartly, by growing non-aviation revenue (such as retail, F&B, and forex), so much so that non-aero revenue is almost half of aero revenue as per latest reports, and airports are being called ‘malls with runways’. For airports to be profitable, the future path is clear: continue to grow non-aviation revenue, intelligently. The question now is, how?
Concessionaire sales tracking and Revenue Assurance
Implement a low-cost method for automatic collection of concessions sales data that does the following:
- Real-time sales data capture and analysis, and thus increased agility and responsiveness to trends.
- Improves controls and auditing.
- Reduces latency of information.
- Obtains data at a detailed level of granularity.
- Analyze retail and F&B sales and footfalls to drive the airports’ decision-making.
- Measure the impact of their promotions, such as during the off-season, weekends, or holidays.
- Share the analysis with the concessions to provide performance insights.
- Combine sales data with flight and passenger data for better understanding and hence better offerings to customers.
Contracts and Revenue Management Solution
The application helps you meet all your concessionaire contract management and invoicing needs using a feature-rich platform that can completely transform and streamline the entire concession management process. Compute revenues as per concession contracts and automate the billing process.
Passenger data & Parking data analysis
The solution helps capture boarding pass information, along with sales data and integration to other airport systems provides Passenger data analytics offering new tools and processes to help airports make more effective decisions that improve airport retail performance, generate revenue and enhance the passenger experience from curb to gate.