Must-Have Skills (Mandatory): - 3-5 years of experience in pricing and inventory management, particularly in the airline or travel industry. - Hands-on experience with RTDP integration for inventory management. - Proficiency in API-based pricing and inventory management system integration with a focus on real-time data processing (RTDP). - Strong understanding of dynamic pricing models, fare distribution, and inventory control methodologies. - Excellent data analysis skills with experience in SQL, Excel, and business intelligence tools. - Strong analytical mindset with the ability to interpret large datasets and make data-driven decisions. - Ability to manage multiple projects and priorities in a fast-paced environment.
Good-to-Have Skills (Optional): - Knowledge of API integration processes, distributed architectures, and real-time processing systems. - Experience with NDC (New Distribution Capability) and familiarity with IATA standards for fare distribution. - Prior experience with revenue management systems such as Sabre, Amadeus, or other airline booking platforms. - Strong communication skills and ability to collaborate with cross-functional teams.
Qualifications & Experience - Bachelor’s degree in Business, Economics, IT, or a related field. - Certifications in pricing, revenue management, or API integration (preferred).
Key Responsibilities:
1. Integration with RTDP (Inventory Management) - Oversee RTDP integration with inventory management systems to ensure real-time inventory availability across all booking channels. - Ensure real-time updates to seat inventory and fare class availability based on bookings, cancellations, and revenue management decisions. - Work closely with IT teams to enhance system integration between RTDP and pricing platforms, ensuring accurate real-time pricing and distribution. - Minimize data latency by ensuring seamless processing between inventory systems and external platforms.
2. Pricing and Inventory Strategy Development - Develop dynamic pricing strategies based on real-time data, market analysis, and competitor pricing. - Utilize Vayant and RTDP capabilities to ensure pricing flexibility and competitiveness. - Optimize inventory allocation using historical data, demand forecasts, and revenue management insights. - Monitor pricing performance and inventory allocation to ensure optimal fare competitiveness and load factors.
3. Collaboration and Communication - Work with Revenue Management, IT, Commercial, and Distribution teams to align pricing strategies with system capabilities. - Lead initiatives to enhance integration between Vayant and RTDP, ensuring continuous system improvements and scalability. - Provide training, documentation, and insights on system usage, performance, and optimization.
4. Analysis and Reporting - Conduct performance reviews of pricing and inventory systems, generating reports on fare competitiveness and inventory utilization. - Provide data-driven insights to support pricing adjustments and inventory reallocation decisions. - Present reports on pricing strategy effectiveness and integration performance, recommending improvements as needed.
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