Transform Your Air Travel Procurement with end to end AI
Discover savings and streamline your air program management with AI-driven analytics.
A battle for influence over your travelers' choices is underway. Airlines are eager to dominate all facets of your traveler’s activities, both business and leisure. As NDC and direct booking become more prevalent, airlines are increasingly seeking deeper, more holistic relationships with their customers.
Imagine having full, comprehensive knowledge of your travelers' activities, including when they do not use the program, the ancillaries they buy, and forecasting their preferences. You would have the tools to confidently strike the right deal with your carriers. Now, with Air Sourcing Navigator, you can.
PredictX’s Air Sourcing Navigator goes beyond basic BI dashboards to deliver actionable insights. Leveraging cutting-edge AI technology, Navigator integrates booking data with contract details for immediate performance analysis. This enhances negotiations and ensures you capitalize on every cost-saving opportunity in your air travel procurement process.
Navigator also uses AI-based learning from both your program and others to provide customized savings suggestions based on your data and the wider market.
Key Features:
Every supplier in one place, with the ability to compare and filter for specific data points, and save these customized configurations with a single click.
AI technology will present tailor-made suggestions on where you will save the most money each month based on regular data analysis.
Compare your spend against similar-sized companies by route, carrier, class, etc.
Get real-time insights into major travel trends through continuous data analysis.
Key Benefits:
Comprehensive Program Management: Manage every aspect of your air program from automated proposal evaluation to contract lifecycle management and market management.
AI-Powered Insights: Receive monthly tailor-made savings suggestions based on continuous data analysis.
Benchmarking Excellence: Compare your spend against similar-sized companies by route, carrier, class, etc., to stay ahead of the competition. Across all major TMCs not just your current TMC.
Real-Time Travel Trends: Get real-time insights into major travel trends through continuous data analysis.
Automated Contract Management: Ensure transactions are consistent with contract terms and identify opportunities for savings by shifting market share and bringing new routes under contract.
How it works:
AI-powered trend analysis:
Natural language explanation through LLM:
What-if savings slider:
Powerful data comparison:
FAQs
Frequently Asked Questions About AI-Powered Air Contract Management
AI-powered air contract management is a solution that leverages artificial intelligence to streamline air program management. It integrates booking data with contract details, providing actionable insights to optimize performance, reduce costs, and enhance negotiation strategies with airline suppliers.
Key features enabled by the ingestion and analysis of airline contracts and JV agreements include:
Centralized access to all airline suppliers and contracts
Real-time performance analysis of contracts
Customized savings suggestions based on data insights
Benchmarking capabilities against market standards
Travel trend insights for informed decision-making
AI-driven analytics provide detailed insights into booking patterns, traveler behavior, and contract performance. These insights empower companies to negotiate better deals with airlines by identifying cost-saving opportunities and ensuring contracts align with actual travel needs.
These solutions allow you to compare your air travel spend against industry benchmarks. You can analyze data by route, carrier, class of service, fare basis codes and more to identify areas for improvement and ensure competitive pricing.
AI continuously analyzes real-time data to identify major travel trends. This includes changes in demand, pricing fluctuations, and shifts in traveler behavior (such as those caused by NDC inventory), advance booking analysis, on and off-channel purchases helping businesses adapt their strategies accordingly.
AI uses machine learning to analyze historical data, current booking trends, and market conditions. Based on this analysis, it provides tailored recommendations on where and how companies can save money on their air travel programs.
These solutions allow users to compare and filter data points such as routes, carriers, classes of service, ticket prices, and traveler preferences. Custom configurations can be saved for quick access to relevant insights.
AI-powered tools provide full visibility into traveler behavior, including bookings made outside of preferred programs and ancillary purchases. This information helps organizations negotiate better deals with airlines and ensure compliance with corporate travel policies.
To get started, reach out to a provider specializing in AI-driven travel management solutions. Schedule a demo or consultation to explore how the technology can meet your specific needs and improve your air program.
Centralizing all airline suppliers in one platform creates a single source of truth for your air travel program. This simplifies the process of comparing contracts, analyzing performance, and identifying opportunities for cost savings across all carriers.