Category: Procurement

Revenue Management Forecasting

March 11, 2021

As we are getting towards the end of the first quarter of 2021, we can see that air traffic is picking up and that several projects are being revamped. But fundamental to a sustainable restart is the recovery of passenger revenues, and particularly a proper forecast of the revenues to come. To give some insight, our Managing Partner Andrea Riesen has summarised her thoughts on Revenue Management (RM) Forecasting in a TiM QuickView paper. It provides an excellent overview of forecasting best practices and guides the reader from the theoretical background of RM to a best practice approach, where Andrea shares her experiences from working within various airline revenue management departments. Feel free to download your personal copy of the whitepaper here.

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Season Break and new Co-Owners of TiM

Dear partners and friends

2020 has been a very challenging year for all of us. Our industry went through the worst crisis ever, with many airlines being forced to cease operations and countless people losing their jobs. However, much more importantly, some of us lost loved ones due to the pandemic. We cannot end this year without remembering them.

In crises and difficult times, it’s easy to tell who your true partners and friends are. It has been an invaluable and enriching experience for us at Travel in Motion in 2020. Although our business was also rather challenged, we still managed to have excellent exchanges, discussions and interesting projects with many of you – we were not let down, and we want to thank you all for this.

The new year is starting to look more promising: vaccinations might lead to an easing of the crisis, and we have good reason to believe that a recovery will come. We at TiM are looking forward to 2021, as we are convinced that aviation will remain one of the key industries in our global economy. This crisis has forced our industry to become more digital, agile and interconnected – attributes which are also the focus of our work. Thus, we’re already looking forward to working with as many of you as possible next year in whatever capacity we can support you.

As we are optimistic for the next year, and many to come, we have decided to set up Travel in Motion GmbH a little differently. We are proud to announce that Andrea Riesen and Boris Padovan have become co-owners of Travel in Motion, as they both share our long term vision and goals. As we continue to remain busy, having Andrea and Boris on board not only as team members but also as owners, shows our commitment and belief in our industry.
With these mixed emotions, the whole Travel in Motion team would like to thank you again for 2020 and wish you, your families, friends and colleagues a happy Season Break and a healthy, safe and prosperous New Year!

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Airline PSS Decisions – Challenge and Opportunity!

PSS Decisions Airlines need to take

There is no airline which has not been hit hard by the current global health crisis. The results for the airlines are challenging and in many cases devastating. Based on all the challenges, it probably is not at the front of the CCO’s mind to think about the Passenger Service System (PSS) right now. Or, maybe for some it is. In many cases, stakeholders are now thinking about how they can make the airline more efficient and, amongst other things, automate more processes to cope with these kinds of situations and reduce costs. Also, with much of the initial hectic related to rebooking and refunds, alongside figuring out where the fleet is and should be going (and not going) now behind us, thoughts must be focused on the future of the airline.

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