SPA Pricing Education, Analytics & Decision Making Tools Webinar Series

Tag: Price Discrepancies

Comfort hooks up with Ryde to offer taxi-booking service | TODAYonline

Comfort hooks up with Ryde to offer taxi-booking service | TODAYonline

The other five taxi operators — SMRT Taxis, Prime Taxi, Premier Taxis, Trans-Cab and HDT Singapore Taxi — partnered third-party booking app Grab to launch dynamic pricing in March. Prices for JustGrab, the dynamic-pricing feature in the Grab app, will depend on factors such as real-time demand and supply, travel time and distance. On the […]

AI-powered dynamic pricing turns its gaze to the fuel pumps | The Register

AI-powered dynamic pricing turns its gaze to the fuel pumps | The Register

Analysis “AI” could soon be making petrol more expensive at times of peak demand like the start of a bank holiday weekend or the school run. Danish data analytics company a2i touts fuel pricing as an ideal implementation of its learning algorithms. The company claims that PriceCast Fuel, its dynamic pricing product, can improve fuel […]

Uber’s new pricing model could upset drivers | Business Insider

Uber’s new pricing model could upset drivers | Business Insider

Uber has been experimenting with a new pricing method in several cities that uses machine learning algorithms to predict the amount a customer is willing to pay for a given ride, Bloomberg reports. Uber hopes to grow its revenue with this new “route-based pricing” system, as it continues to bleed money for rider discounts and […]

Sydney commuters left stranded as bus driver strike continues to disrupt network | 9news.com.au

Sydney commuters left stranded as bus driver strike continues to disrupt network | 9news.com.au

Commuters worried about Uber’s surge pricing during the strike can rest easy today, Uber Corporate Communications Lead Mike Scott told 9news.com.au. “We have let (the drivers) know demand is likely to be higher than normal today,” Mr Scott said. “We’ve seen consistent and reliable availability of cars.” Mr Scott said the average wait time for […]

Curbs on dynamic pricing on flights from Kerala | The Hindu

Curbs on dynamic pricing on flights from Kerala | The Hindu

The Civil Aviation Ministry has stepped in to curb exorbitant dynamic pricing resorted to by airlines for flights operated to and from the Thiruvananthapuram, Kochi and Calicut international airports to West Asia during the festive season. Responding to the demand of Non-Resident Keralites (NorKs) raised by Chief Minister Pinarayi Vijayan at a meeting of the […]

Surge pricing not taboo for Malaysia, Singapore | The Hindu

Surge pricing not taboo for Malaysia, Singapore | The Hindu

Driving integration Malaysia integrated 13 agencies under one body, the S.P.A.D., to drive integration of public transport. One of its mandates is to change the costly, rent-seeking character of its Pajak taxi license system. Under new laws to be in place by July, drivers would be strictly screened, but helped with financing to buy a […]

Aviva CEO vows dual pricing solution for ‘dysfunctional’ market | Insurance Times

Aviva CEO vows dual pricing solution for ‘dysfunctional’ market | Insurance Times

Aviva boss Mark Wilson says the insurer is working on a product to solve the insurance problem of dual pricing, a pricing strategy adopted by all insurers which is tearing apart the reputation of the insurance industry. Dual pricing is when new customers are offered cut rate insurance deals, only for the premium to be […]

Civil Aviation Ministry puts brakes on dynamic pricing | The Hindu

Civil Aviation Ministry puts brakes on dynamic pricing | The Hindu

The Civil Aviation Ministry has stepped in to curb exorbitant dynamic pricing resorted to by airlines for flights operated to and from the Thiruvananthapuram, Kochi and Calicut international airports to West Asia during the festive season. … “It is a good offer and a positive one,” the Chief Minister responded to the suggestion mooted by […]

House set to vote for more regulations on Uber and Lyft | WTNH

House set to vote for more regulations on Uber and Lyft | WTNH

The bill would require Transportation Network Companies such as Uber and Lyft to register annually with the Department of Transportation; and have drivers submit to background checks, according to Connecticut’s Office of Legislative Research. In addition, it establishes insurance, operational, non-discrimination, accessibility, and alcohol and drug test policy requirements for TNCs. The bill includes provisions […]

The hidden sides of ‘dynamic pricing’ for airline tickets | LSE Business Review

The hidden sides of ‘dynamic pricing’ for airline tickets | LSE Business Review

A standard definition of dynamic pricing in airline markets typically focuses on how fares evolve over the booking period that precedes a flight’s take-off. Our research shows that such a definition is lacking because it fails to connect fare changes to some guiding principles of revenue management, defined as the combined methods used by carriers […]