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Travel and Leisure Services Outsourcing
Room for growth in the hospitality sector: BPO has the answers
Todd Dirks
Vice President, Travel and Leisure Services, WNS Global Services
The hospitality industry, which has seen dark times in the past couple of years, is finally seeing a recovery. The U.S. hotel industry reported significant increase in the three key performance measurements during the week of June 20-26, 2010, according to recent trends from Smith Travel Research (STR) Global. In year-on-year measurements, the industry's occupancy increased 6.8 percent to reach 69.7 percent. The Average Daily Rate (ADR) rose 1.1 percent to USD 98.79, and Revenue Per Available Room (RevPAR) rose 7.9 percent to USD 68.88.
Five trends for the airline industry in 2010
Todd Dirks
Vice President, Travel and Leisure, WNS Global Services
In 2010, things are expected to look a lot brighter for the airline industry buffeted by one of the severest economic recessions in 2008-2009. To cope, in the past year, airlines have been forced to respond by cutting back on flights, rescheduling existing routes and searching for new revenue streams such as charging for aisle seats and baggage.
Don’t just survive. Take the growth trajectory.
Michelle Scarsbrook
Senior Vice President, Revenue Recovery, WNS Global Services
One of the key performance indicators for an airline revenue accountant should undoubtedly be "effective management of processes that positively impact company’s cash flow and profitability". This is even more important given IATA’s 2009 prediction of a 15 percent nosedive in airline industry revenues.
Flight Path To Survival: Business process outsourcing helps airlines, hotels, car rental industry survive the economic crisis
Todd Dirks
Vice President, Travel and Leisure, WNS Global Services
Significantly declining demand. Yo-yo-ing fuel costs. Labor relations issues. Capacity management challenges. Commoditization and lack of pricing transparency. Possible governmentregulated passenger 'bill of rights.' Plummeting revenue per available room night. Intense scrutiny and potential regulation for group and incentive businesses. Sky-rocketing fleet costs. Rate deflation. Failing health of the automobile industry. Is it any surprise the airline, hospitality and car rental industries feel like they’re up the proverbial creek without a paddle as a result of today’s abysmal economic conditions?
Surviving The Perfect Storm
Peter Grover
Executive Vice President, Travel and Leisure, WNS Global Services
Having met the challenges resulting from 9/11 and changing business models, airlines find themselves again under siege, primarily from rising fuel prices. Spiraling costs and falling demand as the credit crunch bites, has pushed many carriers over the edge. Airlines need to be strategically proactive to weather the storm.
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