Revenue Analytics and LNER Named Winners of the Technical Innovation of the Year Award for Creating Groundbreaking Revenue Management Technology
Summary
ATLANTA--(BUSINESS WIRE)--Revenue Analytics, in partnership with the London North Eastern Railway (LNER), have been named winners of the Technical Innovation of the Year award by the Rail Business Awards in their virtual ceremony Tuesday, February 23. Prior to COVID, LNER had seen a significant increase in ridership, largely due to the software’s ability to incentivize demand shifts to less busy trains while opening availability on historically price-constrained journeys. FareVantage™ is a first-of-its-kind RMS for clients in the Passenger Rail industry, powered by advanced analytics and automation capabilities. FareVantage™ offers functionality that has never before been available to the rail industry, including automatic adjustments to timetable changes, auto-detecting special events, intraday re-optimisation, group sales optimisation, and split ticketing mitigation. By leveraging powerful analytics and deep strategic experience, Revenue Analytics’ next-generation software delivers intuitive answers to help companies perfect their pricing, reclaim missed revenue, and take back their time.
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