Do you find yourself constantly undervaluing ticket prices as a way to set yourself apart from the competition? Finally, you can say goodbye to unnecessarily deep discounts and hello to maximum cabin occupancy and revenue. Sounds like a dream, right? We can help you achieve just this with IDeaS’ cruise line revenue management solutions.
Forecasting is about more than just the weather. The first step to smarter decisions is dynamic demand forecasts at both the ship and cabin levels, segmented by guest type. This steers your cruise line to peak operational efficiency while simultaneously optimizing revenue from every sailor.
Imagine knowing exactly what each guest is willing to pay, for every voyage and cabin. This is possible with dynamic, data-driven pricing that takes the guesswork out of revenue management. We go beyond the ticket price and consider potential onboard spend to create a win-win for both you and your passengers.
Slashing prices to fill those last few cabins? With precise offer and pricing controls, you can dynamically discount only when needed to capture incremental revenue without overselling cheaper rates when demand is present.
“We came to IDeaS because we saw the power of science-driven automation and the results delivered to the hotel industry. Today, nothing in our market can compare to the power of IDeaS revenue management expertise. (...)”
Cruise revenue management is about optimizing pricing and inventory to maximize revenue from cabin sales and ancillary spend by analyzing each segment’s demand and adjusting prices and inventory controls accordingly.
An RMS uses advanced algorithms to forecast demand and adjust pricing dynamically at the cabin and segment level, ensuring optimal cabin occupancy and total passenger spend.
Benefits include improved demand forecasting for each sailing, dynamic pricing, better inventory management, increased onboard spend, and process efficiency.
By leveraging data analytics and machine learning, an RMS enables cruise operators to make informed pricing decisions, quickly respond to changes in market trends, and distribute competitive rates efficiently.
An RMS can incorporate ancillary revenue data, such as spa services, casino, shore excursions, and dining packages, into its pricing and inventory management strategies to maximize overall revenue.
An RMS delivers real-time demand insights, precise forecasts, and dynamic pricing for each cabin type, by segment. This empowers you to optimize inventory control, minimize overbooking, avoid unnecessary discounting or upgrades, and maximize revenue potential.