Introduction Internal auditing in aviation is a critical process that ensures safety, compliance, and operational efficiency. Despite its importance, some aviation companies, especially smaller ones, shy away from comprehensive audits due to various constraints. Regular, well-planned internal audits help mitigate risks, avoid penalties, and protect the company’s reputation. Unlike routine reviews, internal auditsthoroughly inspect people, […]
Introduction In today’s fast-paced travel environment, airports have transformed into thriving retail hubs, where passengers indulge in high-end shopping experiences while on the go. Major airports worldwide, like those in New York, Singapore, and Dubai, now offer much more than just duty-free and dining options, presenting a variety of luxury brands and innovative retail experiences. […]
Primer Auditing saga for small and medium businesses has a different trajectory from that of enterprises. There are some advantages and some disadvantages to being a small company—on the positive side, they have agility and adaptability, but on the negative side, they lack scale and don’t have business momentum and consistency. Owing to this unique […]
Introduction WovV Tech’s Airports of Future suite is a complete set of software solutions to help businesses increase profit and productivity. This software suite has been designed to aid the growth of various business verticals. However, in this blog, we are going to discuss how this suite may be extremely useful for Airports to boost […]
Introduction The proliferation of low-cost carriers has led to revenue stagnation in the aeronautical segment. As a result, most airports are focusing on the non-aeronautical revenue segment to maintain sustainable growth. The rise in disposable income of the higher-income group of people who prefer to travel by air has given a big boost to airport […]
Introduction With business intelligence rolling, all doubts have been put to rest that it is the most important concept for powering business. Today, organizations are eager to collect every ounce of data they have and process it to generate precious insights based on which wise decisions can be made to drive growth and profitability. However, […]
Primer Business insights is precious, as the decision made on them can take you far. The real-time, fact-based information churned out of transactional data can help you gain a competitive edge in your industry. So, if the C-level executives in your organization are churning out better decisions, it is only because they have superior business […]
Introduction 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 […]
Introduction A recent report by Airports Council International (ACI) unmasks quite an unsettling trend that despite the non-aeronautical revenue growth the overall revenue per passenger is flattening out as airports compete to attract low cost carriers which generate low aeronautical revenue. To stay buoyed airports will have to focus on non-aero revenue which has been […]
Introduction The airport retailing market is estimated to grow from USD 31.79 Billion in 2016 to USD 47.81 Billion by 2021, at a CAGR of 8.5% from 2016 to 2021. Airport retail has become a very popular concept in the last few years. It has become an important part of the strategies of companies to […]
