Ancillary Revenue

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Ancillary Revenue

Revenue that a company derives from anything other than its main business. To give a very basic example, a liquor store may receive ancillary revenue from the sale of cigarette lighters and magazines at the cash register. Most companies have ancillary revenue of one kind or another; at times it may become the main revenue source. For example, a pool hall may find itself making more from selling beer than from renting pool tables.
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Guestlogix, the global provider of airline commerce technology and a pioneer in onboard retailing and ancillary revenue generation, has officially released a new airline commerce platform to help carriers "consumerize" passenger experience, and generate their highest ancillary revenues throughout the "day of travel" -- before, during and after the flight, the company said.
3 billion share of the boost in ancillary revenues, said the study titled "Sky High Economics: Quantifying the commercial opportunities of passenger connectivity for the global airline industry" carried out by the London School of Economics and Political Science (LSE) in association with Inmarsat, the world's leading provider of global mobile satellite communications.
Adding to its topline figure were cargo and ancillary revenues, or those referring to nonticket sales like checked-in luggage and onboard meals.
It predicts broadband enabled ancillary revenues for airlines will come from four main revenue streams:
Summary: The boom in the aviation sector has set the stage for airlines to grow their ancillary revenues.
Likewise, ancillary revenues soared by 20% to $128.
Likewise, ancillary revenues soared by 20% to P6 billion consequent to the 9% growth in passenger traffic and 10% increase in average ancillary revenue per passenger.
The ancillary space in the travel industry is equally as vital to the industry as it is chaotic at the moment, in terms of the lack of tools to properly manage ancillary revenues," continued Proud.
The Irish-owned carrier said what it calls ancillary revenues rocketed 20% in the year to April, and now account for more than a fifth of its total business.
The Irish-owned carrier said what they call ancillary revenues rocketed 20 per cent in the year to April and now account for more than a fifth of their total business.
64b spent by airline passengers on ancillary revenues last year and the $1.
The report which was announced by IdeaWorksCompany, a consultancy in the area of airline ancillary revenues, and Amadeus, a travel technology partner and transaction processor for the travel and tourism industry, is based on the financial filings made by 108 airlines worldwide, 50 of which disclose ancillary revenue activity.