Forecasting Air Travel Demand
Forecasting Air Travel Demand

Author: Yafei Zheng

Publisher: Routledge

Published: 2018-01-03

Total Pages: 156

ISBN-13: 1351215493

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This book provides an updated, concise summary of forecasting air travel demand methodology. It looks at air travel demand forecasting research and attempts to outline the whole intellectual landscape of demand forecasting. It helps readers to understand the basic idea of TEI@I methodology used in forecasting air travel demand and how it is used in developing air travel demand forecasting methods. The book also discusses what to do when facing different forecasting problems making it a useful reference for business practitioners in the industry.

Module Two - Managing Variable Demand for Passenger Travel
Module Two - Managing Variable Demand for Passenger Travel

Author: Gary L Parker

Publisher: Gary L Parker

Published: 2024-08-09

Total Pages: 26

ISBN-13:

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Revenue management in the passenger transportation industry involves managing demand for seats. To manage demand effectively and efficiently, it is important to understand and anticipate the effects of market forces on potential demand. A high level of analysis and preparation will allow you to better address the effects of forces outside of your control and ensure that the decisions you make are based on insight and fully support business objectives. In this module, we begin by looking at the characteristics of passenger demand for travel and discuss a number of factors that influence that demand. The second section focuses on different demand strategies. This includes basic steps you can take to reduce or increase demand and the consequences of maintaining the status quo. The final section looks at forecasting demand. We discuss the importance of forecasting demand accurately, the methods used in forecasting, as well as the roles of the revenue analyst, computerized revenue management systems, and effective business processes.