Its recent move of collaborating with IRCTC to fly those people whose AC tickets could not be confirmed at a minimalistic charge is a step forward in the direction of attracting middle income group. The company is under threat of rising fuel costs and labour costs. It needs to cut down on labor
Avail IRCTC travel offers: IRCTC offers some of the most exciting package deals for the users of SBI IRCTC credit card holder with exceptional privileges and travel packages. Booking railway tickets no longer remains a difficulty, as this platinum card from SBI is there for easy and convenient online bookings options to its users. Cardholders can choose from over 5000 hotels across more than 350 cities in the country while making the reservation. SBI IRCTC credit card users can get custom made tour packages inclusive of leisure tours, adventure tours, wildlife gateways and pilgrimage packages for individual travellers and
After the deregulations in the airline industry, the revenue management techniques have become inevitable for airline seat inventory control. Revenue management is the process of selling the limited perishable capacity to the right customers at the right prices so as to optimize the total revenue. Classic examples of RM can be found in the airline and hotel industry where there are finite number of seats and hotel rooms, respectively (Mou and Wang 2014). The main problem in airline revenue management is to determine booking control strategies. Airlines seldom charge the same fare for each seat on a flight, but instead price seats based on customer’s willingness-to-pay.
Revenue Management Revenue Management (RM), also known as yield management, is rarely used in the restaurant industry (Kimes, Wirtz and Noone, 2002). Revenue Management has been started in the airline industry in the early 1980’s and later on extended in the hotel industry (Cross, 1998). It has been defining as well as allocating the right product, for the right customer, at the right time, for the right price (Kimes, Wirtz and Noone, 2002). “Right” in this definition is the essential element of RM and involves achieving the most revenue whilst delivering the most value or use to the customer (Kimes, Wirtz and Noone, 2002). Although many restaurants apply various types of RM practices, the application has been mostly tactical for example lunch
The assumption of the project cash flows are reinvested at IRR are not included. This makes MIRR has better signal of a project’s true profitability. Once there is conflict between IRR and NPV, MIRR method can be used. Project with higher MIRR should be preferred. G. (2) What are the MIRR’s advantages and disadvantages vis-à-vis the NPV?
• In December 2011, the non-partisan organization Public Campaign criticized CSC for spending $4.39 million on lobbying and not paying any taxes during 2008–2010, instead getting $305 million in tax rebates, despite making a profit of $1.67 billion. • In February 2011, the SEC launched a fraud investigation into CSC’s accounting practices in Denmark and Australian business. CSC's CFO Mike Mancuso confirmed that accounting errors and intentional misconduct by certain personnel in Australia prompted SEC regulators to turn their gaze to Australia. Mancuso also stated that the alleged misconduct includes $19 million in both intentional accounting irregularities and unintentional accounting errors. • The company has been accused of breaching human rights by arranging several illegal rendition flights for the CIA between 2003 and 2006, which also has led to criticism of shareholders of the company, including the governments of Norway and
One of the best things happen for the Indian automobile market in the recent years was its improvement in the export sector. In the year 2003-04 for the first time in Indian history vehicle worth more than 1 billion USD were exported with the growth rate of 56%. In the year 2009 India emerged fourth largest exporter of passenger cars, in 2010 with the production of more than 3.7 million automotive vehicles with an increase of 33.9% India became third largest exporter of passenger cars. It contributes 4% of the national GDP and accounts for 5% of the Indian industrial output. With employing 13 million people directly or indirectly it has become one of the major employment generators in the country, with the present growth trend it is expected that employment will double by
ASSESSMENT OF IRCTC SOUTH ZONE RTP BY CUSTOMERS The Tourism products and services offered by Indian Railway Catering and Tourism Corporation Limited (IRCTC) are value added packages, special coaches, train charter, tourist trains, budget hotels and car rentals. The Ministry of Tourism designs national policies for the development and promotion of tourism. In the process, the Ministry consults and collaborates with other stakeholders in the sector including various Central Ministries/agencies, state governments, Union Territories and the representatives of the private sector. Concerted efforts are being made to promote new forms of tourism such as rural, cruise, medical and eco-tourism. Different Tour packages are operating by Tourism department
Revenue Management refers to the ability to envisage concurrent customers’ demands, and then optimize the prices and availability of goods and services. It is mainly concerned about the decision about management of the customer’s demand and the revenue of the organisation. Mauri (2012) defines it as all about predicting, comprehending and influencing behavior of clients in an attempt to maximize a company’s returns. Revenue Management can be applied in is different sectors. One of the major sectors is the tourism.
In the past, 10-20 percent of Tatkal tickets were booked using the e-ticketing system in the initial 10 minutes of Tatkal booking. Today, that percentage has grown to an estimated 60-80 percent of Tatkal tickets sold in this 10-minute period. Overall, online e-ticket sales have also increased from 50% to 65% of bookings, thus boosting daily revenue by INR$600 million for Indian Railways and CRIS expects this number to grow.