Challenges facing low-cost carriers (LCCs)
Times have changed and airlines seem to have adapted to the daily travels of air travelers. Mainly because airlines mainly focus on providing cheap flights, more and more people are able to travel by air. Although low-cost airlines have had great success in making air travel more accessible, they face some unique challenges that adversely affect their sustainability and profitability. Also read: It’s a carrier market in chaos Cost control and service quality Fundamentally, the business model of low-cost carriers is to reduce costs by not having many additional services on board, charging baggage fees, and flying to secondary destinations. While discounts are undoubtedly passed on to consumers due to this approach, the issue of poorer quality compared to other operators needs to be addressed. This requires low-cost carriers to be thoughtful in both cost control and customer satisfaction. Over time, passenger demand increases and only a few are willing to receive sub-par service, meaning low-cost airlines are forced to…
Five global challenges facing event organizers
A new survey from Global DMC Partners sheds light on issues ranging from rising costs and budget management to the adoption of artificial intelligence in the business events industry. By Michelle Russell Just over a quarter of respondents to the global DMC Partners third quarter meetings and events survey said AV costs have risen 11%-30% over the past two years. According to the latest Q3 Meetings & Events Survey from Global Destination Management Company Partners (GDP), the biggest and most vexing challenge facing event organizers continues to be rising costs. GDP, a global network of independent destination management companies (DMCs) and professional event service providers, surveyed 164 meeting and event professionals between late June and early August, the majority of whom live in the U.S. and Canada, with 20% based in the U.K. and Europe. In addition to the diversity of the respondent base (37% were corporate/direct planners, two-fifths were agency/third-party planners, and nearly a quarter were associations and independent…
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