Revenue Management
Who: Large Tour Operator/Wholesaler
Problem: Develop a methodology for analyzing and forecasting Gross Operating Profit contribution from specific vacation products.
Solution: Imploring the principles and measurements of Economic Value (EV) and Economic Profit (EP), HDCG professionals developed a dynamic model capable of calculating a specific vacation product’s contribution to the corporate Operating Profit. Utilizing a variety of value drivers, the model can calculate the Operating Profit from a historical perspective or forecast future performance.
Result: The output of the model became a core component in the company’s monthly, quarterly and annual financial performance analytics.