Govt plans analytics tool for airfare trends

Govt plans analytics tool for airfare trends

The government plans to have an analytics tool that will provide future airfare trends in a transparent manner for passengers. The proposal is part of the Civil Aviation Ministry’s efforts to ensure paperless and seamless air travel for the Indian aviation market, which is projected to be the world’s third largest by 2022. The ambitious ‘DigiYatra’ initiative — whose initial contours were unveiled today — seeks to provide airline travellers a “digitally unified flying experience” across all stages of their journey.

During discussions between Minister of State for Civil Aviation Jayant Sinha and industry stakeholders, the idea of having airfare trends analytics for passengers also came up. According to a source privy to today’s meeting, such an analytics tool would first require a reservoir of data collected from airlines, airports and travel portals. Historical data thus gathered can help identify fare trends which can be made public, the source added.

Apart from enabling passengers to make an informed decision while planning their travel, the ministry is keen to have analytics for airfare trends to ensure more transparency, the source said. Steep fluctuations in air ticket prices have been a matter of debate in various quarters and some time back there were suggestions to cap the fares. Airlines follow a dynamic pricing mechanism for the tickets that is mainly dependent on demand trends.

Having an analytics system would help passengers to have an understanding of possible peaks and troughs over a longer time period. Currently, many travel portals provide information on future airfare trends. While the idea of having an analytics system for airfares is still at an early stage, Sinha acknowledged that there are concerns from airlines over sharing data about passengers who fly with them.

“Airlines are concerned about data sharing and data protection. But we will do this in a collaborative manner,” Sinha said at a press briefing.
The ministry has also constituted a technical committee which would come out with a white paper on providing a digital experience to passengers.
News Source: PTI

About author

TnH Global
TnH Global 3917 posts

Our platform is the most comprehensive, current and accurate content destination for tourism that also offers the opportunity to connect and network with quality buyers and sellers.

Name: TnH Global              Email: admin@tnhglobal.com

You might also like

Trending

Join the 57th Edition of the Religious Music Week in Cuenca

The 57th Edition of the Religious Music Week in Cuenca is one of most popular festivals of the region of Castile-La Mancha and is celebrated in the province of Cuenca. It

Trending

Louvre Hotels Group inaugurated its flagship Golden Tulip in Shanghai

Louvre Hotels Group and its shareholder Jin Jiang International recently inaugurated the Golden Tulip Shanghai Rainbow, flagship of the brand’s new positioning and symbol of the Group’s development in Asia.

Awards & Recognitions

The Golden Peacock at The Venetian Macao Awards Michelin Star for fifth straight year

Outstanding Indian restaurant recognised by world’s leading restaurant rating guide For the fifth year in a row The Golden Peacock at  The Venetian Macao has been recognised by the Michelin Guide Hong Kong and

0 Comments

No Comments Yet!

You can be first to comment this post!