Tag: Pricing Analytics

Profit Optimization is Not Just a Buzz Phrase for Room Revenue | Hospitality Net

Profit Optimization is Not Just a Buzz Phrase for Room Revenue | Hospitality Net

To better maximize revenue opportunities from meetings and events spaces, savvy hoteliers have looked to try and fold revenue management strategies into sales and catering processes. However, despite the positive evidence to support an integrated approach to sales, catering, meetings and revenue management, there hasn’t been a strong call for technology beyond sales and catering […]

Pricer’s Points: Navigating Big Data Analytics – “What if’s” in Dynamic Pricing | Tom Bacon

Pricer’s Points: Navigating Big Data Analytics – “What if’s” in Dynamic Pricing | Tom Bacon

Dynamic pricing is highly complex – and sometimes not intuitive.  A significant increase in observed demand for a period may not actually drive a significant increase in forecast demand.  And, many times even a large increase in forecast demand for a higher fare has little or no impact on the seats set aside for that […]

Why being passive can be unhealthy for revenue management | EyeforTravel

Why being passive can be unhealthy for revenue management | EyeforTravel

Too much intervention can be problematic but a balanced and active approach to airline RM works best. Tom Bacon reports ‘Passive’ revenue management (PRM) takes human intervention out of the equation. It means complete reliance on the sophisticated analytical model for setting fares – letting the sophisticated forecast and optimisation model allocate inventory across fare […]

Webcast: Boost Profitability with Better Contract Management  | SPA

Webcast: Boost Profitability with Better Contract Management | SPA

Contracts often play a vital role in a company’s profitability by representing millions in gross revenue. However, contracts can be challenging to manage and fully understand across the business. Do you find yourself asking questions like: – Am I spending too much time and resources managing contracts? – Am I losing margins due to expired […]

The New Frontier of Price Optimization | Tribune Content Agency

The New Frontier of Price Optimization | Tribune Content Agency

Price Optimization in Practice In reality, not every step is used in every situation. For example, Boston, Massachusetts-based Rue La La Inc. did not want us to change prices in the course of its 48-hour sales, so we skipped the learning step. And when we worked with Chicago, Illinois-based Groupon Inc., we realized that the […]

How Analytics Helps Price Optimization Decisions | DMN

How Analytics Helps Price Optimization Decisions | DMN

Amazon’s quick price cut for Whole Foods, and investor concerns about Blue Apron, together place a spotlight on price optimization in retail and eCommerce. I am going to try to explain some analytics reporting can aid good decisions, and support informed discussion, on product planning and associated metrics for online retail. High sales have traditionally […]

InfoTrends Study to Focus on Exploring Pricing Models for Digital Delivery in Transactional Communications | Keypoint Intelligence

InfoTrends Study to Focus on Exploring Pricing Models for Digital Delivery in Transactional Communications | Keypoint Intelligence

Keypoint Intelligence – InfoTrends is pleased to announce a new study entitled Pricing for Digital: Exploring New Models for Transactional Communications Delivery. Research begins October 2017 and final deliverables are scheduled to publish in December 2017. As delivery of transactional communications continues to shift from physical to digital environments, the pricing discussion is becoming more […]

Casey’s Looks to Optimize Digital & Pricing Opportunities | Convenience Store News

Casey’s Looks to Optimize Digital & Pricing Opportunities | Convenience Store News

At the same time, Casey’s is interviewing consultants to assist the convenience store chain with developing a new price optimization program. “Currently, many of the products at our stores are priced consistently across our 15-state market area,” Handley explained. “We believe we have an opportunity to take advantage of differences and market conditions related to pricing […]

There’s no cost for getting the price right | Parkes Champion-Post

There’s no cost for getting the price right | Parkes Champion-Post

Ever wondered how the successful companies set their prices? Parkes retailers have the opportunity to attend an upcoming free Pricing Your Products Masterclass aimed at discussing the intricacies of pricing and how to develop a pricing mindset. This free class, with refreshments provided, will be held on Wednesday, September 6 from 11.30am until 2.30pm at the Hart Bar, […]

Healthcare spending, price growth slows in 2017 but job growth spikes | Healthcare Finance News

Healthcare spending, price growth slows in 2017 but job growth spikes | Healthcare Finance News

Healthcare spending growth slowed in 2016, and the trend appears to be continuing, according to the August 2017 Altarum Institute Center Health Sector Trend report. According to the report, spending grew by only 4.6 percent in 2016 and estimates based on new data have the downward trend continuing with growth for the first half of […]