Tag: Hotel Pricing

Rookie mistakes to avoid when you start an Airbnb rental | courier journal

Rookie mistakes to avoid when you start an Airbnb rental | courier journal

Letting Airbnb set your price Here’s the thing. Airbnb takes a cut of every stay, from both the host and the guest. I’m no mathlete, but if they book two million rooms a night (that’s their norm) at $100 apiece, they make more money than if they book a million at $250 (prices are just […]

Blockchain-based Airbnb Rival Cuts World Hotel Pricing by 20% | Bitcoinist.com

Blockchain-based Airbnb Rival Cuts World Hotel Pricing by 20% | Bitcoinist.com

Lockchain (LOC) is the only Blockchain company that has been aiming and succeeding at providing people with statistically significant discounts from booking prices. This European company is quickly gaining traction by providing their clients with a workaround for the exorbitant commissions that increase the hotel prices (+20% on average) offered by booking oligopolists such as […]

How ‘dynamic packages’ are helping travellers save hundreds on their next holiday | Nine.com.au

How ‘dynamic packages’ are helping travellers save hundreds on their next holiday | Nine.com.au

Travel expert Quentin Long stopped into the Today show to explain the nuts and bolts of it. “With Expedia, you can actually put a hotel and a flight together in what they call ‘dynamic packaging’, and save heaps of money,” Quentin explained. In fact, booking your holiday as a custom-built package can save you more […]

A machine-learning approach to inventory-constrained dynamic pricing | MIT News

A machine-learning approach to inventory-constrained dynamic pricing | MIT News

Incorporating inventory constraints A main challenge to adopting Thompson sampling for revenue management is that the original method does not incorporate inventory constraints. However, the authors show that Thompson sampling can be naturally combined with a classical linear program formulation to include inventory constraints. The result is a dynamic pricing algorithm that incorporates domain knowledge […]

Airbnb Denies It Has Surge Pricing For The Boston Marathon | BISNOW

Airbnb Denies It Has Surge Pricing For The Boston Marathon | BISNOW

AirbnbWATCH issued a report that accuses the short-term home rental website of price gouging for Boston’s biggest sporting event. A downtown Boston apartment that normally fetches $77 per night was listed for $2K per night the weekend of the marathon. A condo that normally rented for $89 per night was asking $1,200 that weekend. Airbnb […]

Airbnb Claims ‘Price Gouging’ by Detroit Hotels During NCAA Games This Weekend | Deadline Detroit

Airbnb Claims ‘Price Gouging’ by Detroit Hotels During NCAA Games This Weekend | Deadline Detroit

Deadline Detroit contacted the two named sites, both part of the Marrioitt group, for a chance to discuss rate changes during peak booking periods. Sales and marketing directors Scott Stinebaugh of the Westin on Washington Boulevard and Judy Booth at the riverfront Marriott didn’t return voice messages left early Wednesday afternoon. A communications team member […]

Pricer’s Points: Is dynamic pricing good for restaurants and hotels? | Linchi Kwok

Pricer’s Points: Is dynamic pricing good for restaurants and hotels? | Linchi Kwok

According to the theories in classical economics, an equilibrium price of a product will be reached in a free market when supplies meet demands. When supplies remain stable, an increase in demands will result in a higher selling price for the product. Restaurants and hotels offer service products that are perishable in nature (e.g., restaurant […]

Interview with Appear Here CEO Ross Bailey | Business Insider

Interview with Appear Here CEO Ross Bailey | Business Insider

Bailey had the idea for the business while running his own pop-up. He quit school at 16 to move from his home in Buckinghamshire to London and was involved in several entrepreneurial endeavours before running a temporary fashion stall in Soho to coincide with the 2012 London Olympics. He noticed that people were coming up […]

Super Bowl fans can expect high prices for trip to Minneapolis | Curbed

Super Bowl fans can expect high prices for trip to Minneapolis | Curbed

Crazy Airbnb prices have been getting a good laugh in the media leading up to the Super Bowl for a few years now, but even funnier, those opportunistic listings almost always go unbooked. Beyond Pricing, a tech company that uses data to help Airbnb hosts price their listings, says it usually sees a surge of […]

American Express Global Business Travel 2018 Forecast Indicates Moderate Price Increase Across Air, Hotel and Ground Transportation | hospitalitynet

American Express Global Business Travel 2018 Forecast Indicates Moderate Price Increase Across Air, Hotel and Ground Transportation | hospitalitynet

Air: While strong demand is expected to drive airfare increases across all regions, overcapacity on certain routes, aggressive expansion by low-cost carriers (LCCs), and low oil prices will keep them in check. Full-service carriers are increasingly unbundling fares and adding premium economy seating options to entice consumers to better compete with LCCs. Hotel: Hotel performance […]