HOUSTON & LONDON -- (BUSINESS WIRE) -- PROS® (NYSE: PRO), a big data software company, today announced its sponsorship of the World Low Cost Airlines Congress. The tenth annual event is scheduled for September 16-18 at the Sofitel London Heathrow. PROS will be in booth 48 at the Congress.
PROS plans to showcase Stratus, its first predictive and prescriptive flight and revenue management (RM) solution, purpose-built for low-cost airlines. Stratus – a cloud-based solution – uses data science to drive greater alignment between RM and pricing, and helps airlines outperform in their price-sensitive, ultra-competitive markets. It automatically adjusts flight inventory to prescribe the revenue of each flight, while balancing other ancillary revenue streams. Stratus streamlines the RM process to help improve analyst efficiency and effectiveness, enabling airlines to maximize both revenue gains and load-factor goals. PROS provides these airlines with big data applications that enable analysts to proactively manage the booking process and maximize revenue for thousands of flights.
PROS will lead a round table discussion titled “Maximizing Revenue with Offer Optimization and Ancillary Revenue” on Tuesday, Sept. 17, at 12:10 p.m.
“PROS is a leader in the revenue management industry, and we continue to extend our market reach with Stratus,” said PROS Travel President Benson Yuen. “This new solution has been designed specifically for low-cost carriers, which is a market segment that traditionally has been under-served. Stratus provides airlines with state-of-the art revenue technology that can positively impact their bottom line and yet is easy to use. As competition continues to grow, airline executives are looking for new solutions to maximize both load factor and revenue. With its combined power and simplicity, Stratus enables revenue analysts at any experience level to be more effective by helping their organizations manage conditions that constantly fluctuate. We look forward to showcasing Stratus and demonstrating how PROS can help airlines outperform.”
About PROS Stratus
Stratus offers a powerful approach to revenue management for low-cost carriers with its innovative cloud-based solution. With Stratus, these airlines are able to improve the revenue of each flight, and also reduce costs with the cloud infrastructure that enables them to outperform their business goals:
PROS Holdings, Inc. (NYSE: PRO) is a big data software company that helps customers outperform in their markets by using big data to sell more effectively. We apply 27 years of data science experience to unlock buying patterns and preferences within transaction data to reveal which opportunities are most likely to close, which offers are most likely to sell and which prices are most likely to win. PROS offers big data solutions to optimise sales, pricing, quoting, rebates and revenue management across more than 30 industries. PROS has completed over 600 implementations of its solutions in more than 50 countries. The PROS team comprises more than 700 people around the world. To learn more, visit www.pros.com.
This press release contains forward-looking statements, including statements about the functionality and benefits of PROS revenue management software. The forward-looking statements contained in this press release are based upon PROS historical experience with revenue management and big data software, and its current expectations of the benefits of revenue management and big data software for organizations that implement and utilize such software. Additional information relating to the uncertainty affecting PROS business is contained in PROS filings with the Securities and Exchange Commission. These forward-looking statements represent PROS expectations as of the date of this press release. Subsequent events may cause these expectations to change, and PROS disclaims any obligations to update or alter these forward-looking statements in the future, whether as a result of new information, future events or otherwise.