Olympics 2024: Airfare Insights for European and Long-Haul Flights to Paris

Sruthi Kolukuluri

24 April 2024

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As we await the 2024 Olympics, an event that historically reshapes the transportation landscape over a short period, analyzing how passenger transportation fares are adapting is essential. This article delves into trends during the Olympics for European and long-haul flights. It offers a view of the airfare dynamics as we edge closer to one of the world’s most unifying sporting events.

Why is fare analysis important?

With digital transformation in full stride, the transportation industry is relying more and more on real-time data to drive its business strategies. Fare data is crucial as it guides transportation companies to implement a dynamic pricing approach and make informed decisions. Tapping into real-time data allows businesses to adjust fares based on multiple factors like demand surges, market conditions like seasonal variations, competitor strategies, and more.

Our product CAYZN Tracking, a market-leading fare benchmark solution, leverages advanced scraping methodologies implemented by our dedicated scraping team. Our expertise in web scraping enables us to get the cleanest, most accurate, and most up-to-date data for our customers. To understand the trends in airfares, we gathered data in February from popular aggregator websites for flights during the Olympics. This dataset encompasses approximately 77 O&Ds (Origin & Destination) from 185 airlines.

Airfare Analysis: A Closer Look

We have monitored flights to Paris from Asia, Africa, the Caribbean, Europe, the Middle East, and North America during the Olympics period. The analysis focuses on:

• The average price for the economy cabin in each region to understand pricing trends for different regions.
• Review of minimum, average, and maximum fares to get a comprehensive view of all fare types across the economy, premium, and business cabins.

Data as Your Strategic Advantage

Gather data on the number of flights operated by an airline from a specific destination. With user-friendly dashboards that provide a clear and concise view of your competitor’s fares, you can analyze trends over time and customize alerts to stay informed. Our strict quality control process ensures that the data you receive is accurate and up-to-date with over 400 daily users and 11 million data points scrapped daily.

CAYZN Tracking is more than just data collection; it’s a strategic tool that helps you stay ahead of your competitors and make informed business decisions. Get access to the most accurate, up-to-date data with CAYZN Tracking. Book a free demo by emailing hello@wiremind.io to get a first-hand experience.