Tag: Hotel Pricing

Report: Hotel and Air Prices Expected to Rise in 2019 | Hotel Business

Report: Hotel and Air Prices Expected to Rise in 2019 | Hotel Business

ALEXANDRIA, VA—Travel prices are expected to rise sharply in 2019, with hotels going up 3.7%, and flights 2.6%, driven by a growing global economy and rising oil prices, according to the fifth annual Global Travel Forecast from the Global Business Travel Association (GBTA) and Carlson Wagonlit Travel (CWT) with the support of the Carlson Family […]

Hotel and Air Prices to Rise Sharply in 2019, Per GBTA/CWT Research: Meetings & Conventions

Hotel and Air Prices to Rise Sharply in 2019, Per GBTA/CWT Research: Meetings & Conventions

Travelers can expect steep increases in prices in 2019, with hotel room rates rising by 3.7 percent and the cost of air tickets climbing by 2.6 percent, according to the fifth annual Global Travel Forecast, published today by the Global Business Travel Association and Carlson Wagonlit Travel with the support of the Carlson Family Foundation. The report […]

Airbnb treads carefully as regulator demands transparency | PitchBook

Airbnb treads carefully as regulator demands transparency | PitchBook

After facing off with the likes of Uber and Google, the European Commission has done it again. The Commission and EU consumer authorities have given Airbnb seven weeks to revise its terms and conditions after announcing they do not comply with current rules. The announcement includes the assertion that the second most valuable startup in […]

Revenue Management : From the Perspective of the Hotel Industry | Entrepreneur

Revenue Management : From the Perspective of the Hotel Industry | Entrepreneur

In the hotel and hospitality industry, it is believed that the ideal revenue management is to sell the right room to the right client at the right moment at the right price on the right distribution channel with the best commission efficiency. Before the internet came , room prices and forecasts were done through sheer […]

With Startups And Big Data, Airbnb Hosts Take The Human Out Of Pricing | Crunchbase News

With Startups And Big Data, Airbnb Hosts Take The Human Out Of Pricing | Crunchbase News

Airbnb’s Own Pricing Tool Airbnb started to develop its own intelligent pricing algorithm in 2012. The service is currently offered to hosts free of charge. When hosts turn the Smart Pricing option on, their listing prices will be updated automatically. According to Airbnb’s website, Smart Pricing bases their algorithm on over 70 factors. Higher prices […]

Airbnb commits to more transparent pricing | The Budapest Business Journal

Airbnb commits to more transparent pricing | The Budapest Business Journal

The GVH launched a procedure against Airbnb in October 2016 on suspicion that information on pricing it provided to consumers was misleading. Airbnb has committed to display on its Hungarian website the total price of lodging, including cleaning fees and fees for additional guests, once customers enter the dates of their planned stay, national news […]

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 […]