RTS® ProfitOpt is an advanced comprehensive revenue management and business intelligence solution that enables cruise ferry operators to maximize their profitability RTS® ProfitOpt will enable cruise ferry operators to significantly increase revenue. In addition to the financial benefits, they will realize benefits such as increase in productivity, up-to-date availability of data, consistency in decision making, and improved response time.
RTS®ProfitOpt software will assist with the following:
- Forecast demand using multiple advanced techniques using flexible seasonality definitions and considering factors such as point of sale, time of departure, vessel capacity.
- Determine optimal overbooking level or capacities available for sale considering cancellation, no show, and passengers upgrading and downgrading among cabins
- Recommend optimal capacity configurations for different resources including passengers and vehicles
- Optimize every single sailing using unconstrained demand forecasts, overbooked space and fares (including ancillaries) while ensuring operational constraints and business policies are satisfied
- Optimization of the primary resource (typically passengers) with respect to a secondary linked resource (vehicles)
- Business insight through inventory analysis capabilities provided by the business intelligence solution