OnDemand WTP Pricing Research

Tag: Personalized Pricing

How Is AI Is Empowering Sales | CIO Applications

How Is AI Is Empowering Sales | CIO Applications

Companies are using artificial intelligence and Machine Learning in all possible ways to advance their businesses. AI monitors a customer’s online activity to predict and suggest certain products which are relevant to the customer. Companies need to identify the different types of data sets that can be combined to portray the complete picture of the customer […]

Ross blames hotel ‘price-gougers’ as Vat remarks heckled at awards | Independent.ie

Ross blames hotel ‘price-gougers’ as Vat remarks heckled at awards | Independent.ie

Transport Minister Shane Ross has hit out at the “big hotel price-gouging brigade” after remarks he made about the 50pc Vat hike for the tourism sector were met with a frosty reception at an industry awards night. Mr Ross raised the issue of the Vat increase during a speech at the Irish Tourism Awards on […]

Artificial intelligence, algorithmic pricing, and collusion | VOX

Artificial intelligence, algorithmic pricing, and collusion | VOX

Remember your last online purchase? Chances are, the price you paid was not set by humans but rather by a software algorithm. Already in 2015, more than a third of the vendors on Amazon.com had automated pricing (Chen et al. 2016), and the share has certainly risen since then – with the growth of a […]

Algorithms Are Better Than We Thought – They Can Collaborate Into Cartels | The Continental Telegraph

Algorithms Are Better Than We Thought – They Can Collaborate Into Cartels | The Continental Telegraph

Antitrust agencies are concerned that the autonomous pricing algorithms increasingly used by online vendors may learn to collude. This column uses experiments with pricing algorithms powered by AI in a controlled environment to demonstrate that even relatively simple algorithms systematically learn to play sophisticated collusive strategies. Most worrying is that they learn to collude by […]

Wheels: By air or by car | Conway Daily Sun

Wheels: By air or by car | Conway Daily Sun

Some quick internet research reveals some resources for our comparison, but first, a couple of assumptions. Since I’m making this hypothetical comparison using the circumstances of my daughter’s trip, a few variables can be ruled out. Her trip was one-way, so no leaving a car at the airport to drive home upon return and no […]

Super Bowl hotel room rate jumps from $523 to $4,800 – after reservation | 11 Alive

Super Bowl hotel room rate jumps from $523 to $4,800 – after reservation | 11 Alive

ATLANTA — Concerns are building that hotels may be trying to take advantage of guests coming to Atlanta for the Super Bowl – to make more than a few extra bucks. Two viewers contacted 11Alive in the last 24 hours with one claiming his hotel was trying to jack up the price after he made […]

Florida has settled with Dollar/Thrifty over misleading rental car fees. Here’s how to file a claim. | Tampa Bay Times

Florida has settled with Dollar/Thrifty over misleading rental car fees. Here’s how to file a claim. | Tampa Bay Times

The allegations against Dollar Thrifty Automotive Group, the companies’ parent group, revolved around how they charged their rental car customers who passed through cashless tolls. The companies charged a $15 fee each time, up to a maximum $105. And an optional service, known as PlatePass, cost $10.49 for each day of the rental period, regardless […]

Conventions and hotel price gouging | Las Vegas Review-Journal

Conventions and hotel price gouging | Las Vegas Review-Journal

I had two retail gasoline outlets in our city for 25-plus years. Both outlets were in tourist locations. If I or other gasoline retailers ever raised prices one or two pennies per gallon during a tourist influx, we were accused by the media of price gouging the public. My question: If we were labeled “price […]

Boycott of bookings by hotels will invite legal action: OYO | Livemint

Boycott of bookings by hotels will invite legal action: OYO | Livemint

New Delhi: Hospitality firm OYO Thursday said it would take strict legal action for breach of contract against any hotel on its platform that boycotts bookings under the influence of small vested interest groups. Most of the boycott threats are being made by small groups of people who have no property associated with OYO, the […]

Day one at JP Morgan ‘19: Mega-deals, accessibility, and price gouging (by hotels) | Medical Marketing and Media

Day one at JP Morgan ‘19: Mega-deals, accessibility, and price gouging (by hotels) | Medical Marketing and Media

Pricing and access As more innovative, and expensive, treatments are launched, the question is how to pay for them? In a panel on drug pricing hosted by Endpoints, Spark Pharmaceutical CEO Jeff Marrazzo discussed the company’s payment model for Luxturna, its one-time, $850,000 treatment for a rare form of inherited blindness. It includes a efficacy-based […]