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Fare Basis Code
A fare basis code (often just referred to as a fare basis) is an alphabetic or alpha-numeric code used by airlines to identify a fare type and allow airline staff and travel agents to find the rules applicable to that fare. Although airlines now set their own fare basis codes, there are some patterns that have evolved over the years and may still be in use. Airlines can create any number of booking or fare classes, to which different prices and booking conditions may apply. Fare classes are complicated and vary from airline to airline. The meaning of these codes is not often known by the passenger, but conveys information to airline staff, for example they may indicate that a ticket was fully paid, discounted, part of an excursion package, or purchased through a loyalty scheme. Fare codes start with a letter called a booking class (indicating travel class among other things) which almost always matches the letter code that the reservation is booked in. Other letters or numbers may ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Travel Class
A travel class is a quality of accommodation on public transport. The accommodation could be a seat or a cabin for example. Higher travel classes are designed to be more comfortable and are typically more expensive. Airlines Traditionally, an airliner is divided into, from the fore to aft, first, business, and economy classes, sometimes referred to as cabins. In recent years, some airlines have added a premium economy class as an intermediate class between economy and business classes. Each class is further divided into invisible booking or fare classes, which although booked into the same cabin differ in conditions and benefits outside of the cabin class travelled, such as frequent-flyer points, baggage limit, change or refund policy, etc. Ocean liners Before cruise ships dominated the passenger ship trade, ocean liners had classes of service, often categorized as First Class, Second Class, and Steerage. Companies such as Cunard Line continue this tradition, offeri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Kong
Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delta in South China. With 7.5 million residents of various nationalities in a territory, Hong Kong is one of the most densely populated places in the world. Hong Kong is also a major global financial centre and one of the most developed cities in the world. Hong Kong was established as a colony of the British Empire after the Qing Empire ceded Hong Kong Island from Xin'an County at the end of the First Opium War in 1841 then again in 1842.. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War and was further extended when Britain obtained a 99-year lease of the New Territories in 1898... British Hong Kong was occupied by Imperial Japan from 1941 to 1945 during World War II; British administration resumed after th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Travel Class
A travel class is a quality of accommodation on public transport. The accommodation could be a seat or a cabin for example. Higher travel classes are designed to be more comfortable and are typically more expensive. Airlines Traditionally, an airliner is divided into, from the fore to aft, first, business, and economy classes, sometimes referred to as cabins. In recent years, some airlines have added a premium economy class as an intermediate class between economy and business classes. Each class is further divided into invisible booking or fare classes, which although booked into the same cabin differ in conditions and benefits outside of the cabin class travelled, such as frequent-flyer points, baggage limit, change or refund policy, etc. Ocean liners Before cruise ships dominated the passenger ship trade, ocean liners had classes of service, often categorized as First Class, Second Class, and Steerage. Companies such as Cunard Line continue this tradition, offeri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Global Distribution System
A global distribution system (GDS) is a computerised network system owned or operated by a company that enables transactions between travel industry service providers, mainly airlines, hotels, car rental companies, and travel agencies. The GDS mainly uses ''real-time inventory'' (e.g. number of hotel rooms available, number of flight seats available, or number of cars available) from the service providers. Travel agencies traditionally relied on GDS for services, products and rates in order to provide travel-related services to the end consumers. Thus, a GDS can link services, rates and bookings consolidating products and services across all three travel sectors: i.e., airline reservations, hotel reservations, car rentals. GDS is different from a computer reservations system, which is a reservation system used by the service providers (also known as vendors). Primary customers of GDS are travel agents (both online and office-based) who make reservations on various reservation sys ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Neutral Unit Of Construction
The neutral unit of construction or neutral unit of currency (code: NUC) is a private currency used by the airline industry, to record fare calculation information. A set of exchange rates is issued by the International Air Transport Association (IATA) every month. The ticket component prices are converted from the original currency (of the country of commencement of travel) and recorded on the airline ticket An airline ticket is a document or electronic record, issued by an airline or a travel agency, that confirms that an individual is entitled to a seat on a flight on an aircraft. The airline ticket may be one of two types: a ''paper ticket'', whi .... The NUC system came into being on 1 July 1989, having superseded the older "Fare Construction Unit" (FCU) system. , the NUC depends on the COC (Country of Commencement) of the travel. Each country that has a strong currency has an IROE (IATA Rate of Exchange) too. A similar unit, formerly used by the European railway ind ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Riga
Riga (; lv, Rīga , liv, Rīgõ) is the capital and largest city of Latvia and is home to 605,802 inhabitants which is a third of Latvia's population. The city lies on the Gulf of Riga at the mouth of the Daugava river where it meets the Baltic Sea. Riga's territory covers and lies above sea level, on a flat and sandy plain. Riga was founded in 1201 and is a former Hanseatic League member. Riga's historical centre is a UNESCO World Heritage Site, noted for its Art Nouveau/Jugendstil architecture and 19th century wooden architecture. Riga was the European Capital of Culture in 2014, along with Umeå in Sweden. Riga hosted the 2006 NATO Summit, the Eurovision Song Contest 2003, the 2006 IIHF Men's World Ice Hockey Championships, 2013 World Women's Curling Championship and the 2021 IIHF World Championship. It is home to the European Union's office of European Regulators for Electronic Communications (BEREC). In 2017, it was named the European Region of Gastrono ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arrival Unknown
An open-jaw ticket is an airline return ticket where the destination and/or the origin are not the same in both directions. Types There are three types: *Destination open-jaw, where a passenger flies from one city to another, but returns to the original city from a different place. For example, depart London to New York, but on the return trip fly from Philadelphia to London. *Origin open-jaw, where the passenger leaves from one city to another but returns to a different place. For example, flying from London to New York, but returning from New York to Manchester. *Double open-jaw, where two totally separate fares exist. For example, flying from London to New York, but on the return trip flying from Boston to Manchester. Using different airports in the same city is not considered an open-jaw, so a passenger on a London to JFK trip who returned from Newark would still be a simple round trip as both airports are considered to be serving metropolitan New York City. ARNK The open ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kaliningrad
Kaliningrad ( ; rus, Калининград, p=kəlʲɪnʲɪnˈɡrat, links=y), until 1946 known as Königsberg (; rus, Кёнигсберг, Kyonigsberg, ˈkʲɵnʲɪɡzbɛrk; rus, Короле́вец, Korolevets), is the largest city and administrative centre of Kaliningrad Oblast, a Russian semi-exclave between Lithuania and Poland. The city sits about west from mainland Russia. The city is situated on the Pregolya River, at the head of the Vistula Lagoon on the Baltic Sea, and is the only ice-free port of Russia and the Baltic states on the Baltic Sea. Its population in 2020 was 489,359, with up to 800,000 residents in the urban agglomeration. Kaliningrad is the second-largest city in the Northwestern Federal District, after Saint Petersburg, the third-largest city in the Baltic region, and the seventh-largest city on the Baltic Sea. The settlement of modern-day Kaliningrad was founded in 1255 on the site of the ancient Old Prussian settlement ''Twangste'' by th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Moscow
Moscow ( , US chiefly ; rus, links=no, Москва, r=Moskva, p=mɐskˈva, a=Москва.ogg) is the capital and largest city of Russia. The city stands on the Moskva River in Central Russia, with a population estimated at 13.0 million residents within the city limits, over 17 million residents in the urban area, and over 21.5 million residents in the metropolitan area. The city covers an area of , while the urban area covers , and the metropolitan area covers over . Moscow is among the world's largest cities; being the most populous city entirely in Europe, the largest urban and metropolitan area in Europe, and the largest city by land area on the European continent. First documented in 1147, Moscow grew to become a prosperous and powerful city that served as the capital of the Grand Duchy that bears its name. When the Grand Duchy of Moscow evolved into the Tsardom of Russia, Moscow remained the political and economic center for most of the Tsardom's history. Whe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aeroflot
PJSC AeroflotRussian Airlines (russian: ПАО "Аэрофло́т — Росси́йские авиали́нии", ), commonly known as Aeroflot ( or ; russian: Аэрофлот, , ), is the flag carrier and the largest airline of Russia. The airline was founded in 1923, making Aeroflot one of the oldest active airlines in the world. Aeroflot is headquartered in the Central Administrative Okrug, Moscow, with its hub being Sheremetyevo International Airport. Before the 2022 Russian invasion of Ukraine, the airline flew to 146 destinations in 52 countries, excluding codeshared services. The number of destinations was significantly reduced after many countries banned Russian aircraft; as of 8 March 2022, Aeroflot flies only to destinations in Russia and Belarus. From its inception to the early 1990s, Aeroflot was the flag carrier and a state-owned enterprise of the Soviet Union (USSR). During this time, Aeroflot grew its fleet to over five thousand domestically made aircra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Global Distribution System
A global distribution system (GDS) is a computerised network system owned or operated by a company that enables transactions between travel industry service providers, mainly airlines, hotels, car rental companies, and travel agencies. The GDS mainly uses ''real-time inventory'' (e.g. number of hotel rooms available, number of flight seats available, or number of cars available) from the service providers. Travel agencies traditionally relied on GDS for services, products and rates in order to provide travel-related services to the end consumers. Thus, a GDS can link services, rates and bookings consolidating products and services across all three travel sectors: i.e., airline reservations, hotel reservations, car rentals. GDS is different from a computer reservations system, which is a reservation system used by the service providers (also known as vendors). Primary customers of GDS are travel agents (both online and office-based) who make reservations on various reservation sys ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Revenue Management
Revenue management is the application of disciplined analytics that predict consumer behaviour at the micro-market levels and optimize product availability, leveraging price elasticity to maximize revenue growth and thereby, profit. The primary aim of revenue management is selling the right product to the right customer at the right time for the right price and with the right pack. The essence of this discipline is in understanding customers' perception of product value and accurately aligning product prices, placement and availability with each customer segment.Cross, R. (1997) Revenue Management: Hard-Core Tactics for Market Domination. New York, NY: Broadway Books. Overview Businesses face important decisions regarding what to sell, when to sell, to whom to sell, and for how much. Revenue management uses data-driven tactics and strategy to answer these questions in order to increase revenue.Talluri, K., and van Ryzin, G. (1999) Revenue Management: Research Overview and Prospe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
