DATA DRIVEN STRATEGY
Data driven strategies to win
The high level of efficiency in processing large amounts of data to extract functional information for the best business choices, and the complexity of accurately predicting market changes, are the main challenges that travel professionals face every day.
Premoneo provides in a single suite, accessible via webservice and highly customizable, all the data analysis tools based on artificial intelligence necessary for revenue management and pricing optimization operations. With Premoneo you can build accurate forecast scenarios, calculate elasticity of demand of products and services to optimize sales performance.
The partner for your business challenges
Several goals can be achieved using Premoneo platform in the travel industry, starting from a correct definition of the pricing strategies:
FIND THE RIGHT PRICE FOR EACH CHANNEL
Premoneo can calculate targeted price advice real time, differentiating the rates based on: sales channel, type of customer and variables that impact demand, thus allowing companies to update their prices real time, in each sales channel.
Starting from a careful analysis of historical sales data, rates applied in the past, competitors’ strategies and other factors affecting demand, Premoneo’s forecasting module allows you to identify the booking curve for each product or service and react to demand changes based on business goals and market trends.
REDUCE MANAGEMENT RISKS
Having a software that can integrate data from different sources and process them with powerful A.I. allows you to reduce manual operations where the risk of error is always very high. Avoid data losses and have an immediate overview for a proper monitoring of the sales trends.
Maximize each customers value
Sales data, customer purchasing behavior and market data make the company’s operating context clear and available. In this way Premoneo can support companies in strategic choices. The platform is able to offer price advise real time, automatically update rates on all sales channels, suggest offers for certain customer segments and allows you to configure demand forecasts and different scenarios to calculate the elasticity. Premoneo is the concrete possibility of carrying out all these crucial activities with a single tool, cloud-based and integrate with your IT environment. Working this way minimizes operational risks and empowers decisions based on information hidden in your sales data.
What activities does the Premoneo suite support you in?
- Dynamic Pricing
- Sales Forecasting
- Customers segmentation
- Upselling & Crosselling
OUR CLIENTS RESULTS
Results obtained with Premoneo support
Over the years many realities with different objectives and needs such as OTAs, traditional tour operators and hotel structures have relied on Premoneo’s support in defining their pricing strategies. Thanks to machine learning algorithm, which the efficacy increase as the data processes increases, Premoneo is able to be more and more performing and ensure continuous revenue growths.
Travel Case History ENG
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