SOURCE: Avero, LLC

Avero, LLC

March 11, 2014 10:30 ET

Avero Partners With Norwegian Cruise Line to Address $9 Billion Onboard Revenue Market for Cruise Ships

Avero Onboard Is the First SaaS Solution Designed Specifically to Drive Revenues, Cut Costs, and Save Time on Cruise Ships

NEW YORK, NY--(Marketwired - Mar 11, 2014) -  Avero, restaurant software that drives profits, announced today the launch of Avero Onboard, an innovative solution designed to help cruise lines better manage onboard revenues and keep costs at bay. Onboard spending in the cruise industry amounts to 25% of total cruise spending and is expected to hit $9 Billion in 2014. Avero Onboard, which was developed in close partnership with Norwegian Cruise Line, leverages over 14 years of restaurant, hotel, casino and cruise experience to provide unique voyage-driven analytics and solutions to the cruise industry.

"Onboard revenue has become an increasingly vital component of profit for the cruise industry. Now, Avero is giving onboard revenue managers and cruise ship food & beverage operators the solutions they need to make more profitable decisions and improve the guest experience," says Damian Mogavero, CEO and founder of Avero, and former restaurateur. "Norwegian Cruise Line has been an ideal partner to ensure our new solution targets the specific challenges faced when operating F&B and retail outlets on a ship."

Specifically, Avero Onboard gives operators and revenue managers deep cruise-specific insights so that they can take decisive action before, during, and after voyages to increase overall profits. Users can analyze how spending is driven by season, trade, number of passengers, duration and other key cruise-specific dimensions. Users can also utilize cruise-specific metrics such as per passenger by day and per lower berth to measure performance.

With Avero Onboard, onboard revenue managers can quickly optimize product purchasing for upcoming voyages based on past performance. Ship-side, F&B Directors can deploy promotions at the right times in the right outlets in order to hit the sales budget for a voyage.

"Avero has given us insight into our F&B performance that we simply never had before," says Michael Flesch, Senior Vice President, Hotel Operations for Norwegian Cruise Line. "Avero Onboard addresses the challenges we face in the cruise industry, and it reflects the way we measure performance."

Avero Onboard is currently deployed across the entire Norwegian Cruise Line fleet, which includes POS systems at more than 400 businesses across 13 ships including restaurants, bars, room service, retail shops, spas, entertainment venues and photography. Read more about Avero Onboard and F&B revenue management solutions for cruise lines.

Avero Onboard is on showcase this week at Cruise Shipping Miami in booth #1575.

About Avero, LLC
Avero, restaurant software that drives profits, is the leading provider of insights and solutions to the hospitality industry integrating seamlessly with more than 50 labor and restaurant POS systems. The company processes more than $14 billion in annual F&B transactions and has over 20,000 users in 46 countries, including many of the most renowned restaurants, casinos, and hotels in the world. Headquartered in New York City, with offices in Dallas, Las Vegas and Singapore, the company is led by former hospitality professionals, including CFOs, chefs, owners, sommeliers, and operators. Learn more at www.averoinc.com.

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