Boosting Revenue With WovVBI Solution For Airport Industry wovvtech.com
Proliferation of the low cost carriers has led to revenue stagnation in the aeronautical segment. As a result, most of the airports are focusing on the non-aeronautical revenue segment to maintain a sustainable growth. The rise in the disposable income of the higher income group people who prefer to travel by aero plane has given a big boost to airport retail. And this market is estimated to grow from USD 30 Billion in 2016 to USD 48 Billion by 2021, at a CAGR of nearly 9%. Airport retail has occupied a center stage in the strategies of the big global brands who are vying for this customer segment. Some big players like TATA & Shoppers Stop could be seen at some of the biggest & busiest airports in the world. For the efficient use of the space & to get the maximum out of this business, airports are investing in Airport Reporting and Business Intelligence software which helps them to sell more & also stay future focused. One of the most popular airport retail BI software which has been widely implemented across airports is WovVBI from WovVTech. This tool is an effective Airport Business Intelligence Solution.
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