You are here: Home » Economy & Policy » News
Business Standard

Govt mulls analytics tool so that you get better airfare deals in future

Proposal would ensure more transparency as air ticket prices are driven by supply & demand metrics

Press Trust of India  |  New Delhi 

Aviation, airport, Passengers, Chhatrapati Shivaji International airport, Mumbai
Passengers wait for their luggage at a conveyor be at the Chhatrapati Shivaji International airport in Mumbai (Photo: Reuters)

The is mulling having an analytics tool that will provide future ticket trends for the travellers, amid lingering concerns over steep fluctuations in

Historical data analysis as well as "curves with predictive data analytics" are proposed to be utilised to have a long term picture about airfare trends in different sectors.

The proposal, which is being considered by the Civil Ministry, would also help in ensuring more transparency as air ticket prices are generally driven by supply and demand metrics.

With the country's domestic market projected to be the world's third largest by 2022, the Ministry is working on an initiative to ensure seamless and paperless for the passengers right from booking an air ticket.

The proposal for analytics tool for airfare trends is part of the 'Digiyatra' initiative that seeks to provide airline a "digitally unified flying experience".

To provide airfare trends for public, "curves with predictive to help passengers project future and efficient discovery," according to a document from the Ministry.

As per the document, historical data analysis and trends for help would passengers plan their trip efficiently.

In this regard, the Ministry is also looking at creating a "civil data repository".

Analytics tool for is among the ideas that have been discussed by the Ministry with last week.

Earlier, an official had said that having such an analytics tool would first require a reservoir of data collected from airlines, airports and portals.

Currently, many portals provide information on future airfare trends.

Airlines follow a dynamic pricing mechanism for the tickets that is mainly dependent on demand trends.

Steep variations in air ticket prices, especially during natural calamities and festival seasons, have been a matter of debate in various quarters and some time back there were suggestions to cap the fares.

In an apparent reference to such concerns, Civil Minister Ashok Gajapathi Raju, last month, said floors and caps would push the cost of the tickets.

"Strategies for additional capacities have to be brought in place because additional capacities will bring down prices," he had said.

Data with the Ministry showed that average declined 18 per cent in 2016.

First Published: Sun, June 11 2017. 14:46 IST
RECOMMENDED FOR YOU