Product Overview: FLYR
FLYR is a cutting-edge technology company that is revolutionizing the travel industry, particularly in the areas of airline and hospitality revenue management, through its advanced AI-driven platforms.
What FLYR Does
FLYR’s primary objective is to empower airlines and hospitality companies to optimize their revenue management strategies, reduce operational costs, and enhance the overall customer experience. By leveraging machine learning, deep learning, and the latest data science techniques, FLYR provides real-time decision-making capabilities that help businesses stay competitive and maximize their revenue potential.Key Features and Functionality
Revenue Management
- Predictive Analytics and Demand Forecasting: FLYR’s platforms use advanced predictive analytics to forecast demand, enabling businesses to make informed decisions about pricing and inventory management.
- Dynamic Pricing: The system adjusts prices in real-time based on changing market conditions, competitor pricing, and demand fluctuations, ensuring that businesses can stay competitive and maximize revenue.
Automation and Optimization
- Automated Pricing and Inventory Controls: For hospitality, FLYR enables automated, micro-targeted pricing and optimizes inventory controls such as restrictions, ensuring optimal commercial decisions are made in real-time.
- Group Management: FLYR helps manage and optimize group opportunities from quoting to materialization with automated decision intelligence.
Business Insights and Reporting
- Custom Dashboards and Automated Reporting: Users can drill into their data, build custom dashboards, and fully automate organizational reporting, providing clear and actionable insights.
Offer and Order Management
- Offer & Order Management System (OOMS): Designed for airlines, OOMS provides a seamless and flexible retail platform that handles flights, ancillaries, and third-party products in one place. It offers an Amazon-like shopping cart experience preserved across sessions and devices, facilitating easy changes to bookings and personalized customer experiences.
Integration and Compatibility
- Modular Design and Open Standards: FLYR’s technology adheres to open standards such as IATA’s New Distribution Capability (NDC) and ONE Order, allowing for seamless integration into existing systems without the need for a complete overhaul of legacy infrastructure.
Personalization and Customer Experience
- Personalized Offers: Airlines can deliver tailored offers to passengers using AI-powered segmentation, providing a deeply personal and dynamic experience that learns from customer preferences and history.
Scenario Planning and Impact Analysis
- Scenario Planning Capabilities: The platform allows businesses to simulate different scenarios and evaluate the potential impact on revenue and profitability, helping them make strategic decisions.
- Impact Analysis: FLYR enables a data-driven approach to evaluating the impact of commercial decision intelligence on the business, ensuring that decisions are based on comprehensive and accurate data.