Market Share For Online Travel
Axtria did analytics to understand drivers of customer profitability & influence business performance, and improved conversion rate and market share.
New competitors and reduction of airline commissions make our client’s e-marketplace business model obsolete. They had few tools, processes, talent and analytics to support the strategy to become a leading online retailer.
Axtria team embarked on a practical, analytical journey to understand drivers of customer profitability and calibrate levers to forecast and influence business performance. We created a clear roadmap to facilitate gradual transformation with tangible benefits.
The client was pragmatic and iterative in its journey, beginning with a basic understanding of customers and evolving to data-driven product design. The ‘journey’ spanned 3 years and included people, process, tools, scores of models, and technology enhancements across five key dimensions:
We started with under-utilized data and began projects by making a series of quick hits:
Additionally, system improvements reduced latency by 30%, which increased Conversion Rate by 11%. Actionable customer insight led to sharpened focus on acquiring the right customers, improving the merchandising and offers. We developed automated triggers: price tracking generated automated emails to relevant price sensitive travelers (e.g., route, leisure, shopped previously).
Trigger-based marketing, such as GD2B, generated incremental value of $6.9 million on 39 million automated emails.