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Price Evaluation & Forecasting Tool For Tourism Company

Casestudy Travel and Tourism Snowflake Data Cloud Snowflake Select Partner Cloud Real-time report generation Digital Data Engineering Automated Price Evaluation and Forecasting Tool

Every organization today is leveraging the power of digital transformation in one way or the other. But as the dependence on digital increases, it creates large amounts of unstructured data, which needs a modern and flexible approach to turn chaos into value. Data modernization is the ideal step for these digital enterprises, as it enables organizations to streamline business processes, gain real-time analytics and make smarter, data-driven business decisions.

A Fortune 500 travel and tourism company wanted to modernize its Excel-based calculator to be replaced by a custom-designed Price Evaluation & Forecasting Tool. The objective was to ensure that its team got up-to-date information on pricing and margins across multiple regions, which included hotel splitting, packages, and geographic locations, to provide customers with accurate and competitive pricing in a few simple clicks.

e-Zest, as the digital innovation partner, helped the client develop, implement, and modernize this process using the power of advanced technology and a unique data modernization approach. The benefits of this approach include:

  • Improved accuracy with the estimates since it was data-based instead of the previous manual process resulting in commercial growth
  • 100% automated data access and ingestion, making the entire process lot simpler and faster
  • Iterative process to try various pricing & forecasting combinations before rolling out final prices
  • Immediate Price & Margin forecasting results with Real-time report generation to provide immediate feedback to the price evaluation team

To know more about the approach and the solution, fill out the form to access the detailed case study.

e-Zest is a leading digital innovation partner for enterprises and technology companies that utilizes emerging technologies for creating engaging customers experiences. Being a customer-focused and technology-driven company, it always helps clients in crafting holistic business value for their software development efforts. It offers software development and consulting services for cloud computing, enterprise mobility, big data and analytics, user experience and digital commerce.