The Future of Airline Revenue Management: The Evolution & Disruption
While the evolution over the last three decades has been centred around the original concepts and initial framework of Revenue Management, the future seems radically different. The advent of big data and advances in hardware have enabled efficient storage of large amount of data and faster processing of data. The evolution of AI/ML–based methods, and more importantly the desire and need to simplify the RM process are pushing the boundaries of Revenue Management into a radically different space.