Here’s your round-up of the most important news and views in the aviation space in July 2018. We’ve scoured the web to bring you the information you need to keep on top of the latest developments in the sector.
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As we look at the major trends in the travel industry, one thing is clear – the future of travel retail will become more and more personalized. Airlines want to leverage the rich customer data they hold. The emergence of new AI technologies combined with new industry distribution standards will allow them to achieve this. AI algorithms and technology platforms mean that more data can be processed in real-time than ever before, generating valuable retailing insights.
The 28th ACI EUROPE/World General Assembly, Congress & Exhibition, hosted by Brussels Airport, took place on 18-20 June 2018. The theme of this year’s event was Airports as Brands and Businesses. The event attracted over 750 delegates from airports, airlines and ANSPs, as well as other aviation partners and the European Commission.
While many are not optimistic, the International Air Transport Association projects its NEW Distribution Capability to reach critical mass in 2022. NDC transforms how carriers retail products by enabling differentiation.
Members of Malaysia Airlines' Frequent Flyer Program Enrich can now purchase Enrich Miles via Loylogic's new Buy Miles Solution to get to their flight reward even faster. Loylogic, the global leader in e-commerce and e-payment solutions for loyalty programs, and Enrich the frequent flyer program of Malaysia Airlines have partnered to implement the new Loylogic Buy Miles Solution
The International Air Transport Association (IATA) called on the governments and air navigation service providers of Europe to address the region's airspace bottlenecks, as new data revealed that delays so far this year have more than doubled compared to 2017.
The growing scale and speed of digital transformation in the travel industry landscape is continuous. Recent data shows that digital travel sales are set to reach more than $600 billion in 2018. While travel businesses are moving rapidly to adapt and deploy new systems to meet digital consumer habits, the truth is that most airlines are not prepared for this new reality.