OnDemand WTP Pricing Research

Tag: Revenue Management

IndiGo web check-in fee for seats not compulsory, airline says after backlash | The Statesman

IndiGo web check-in fee for seats not compulsory, airline says after backlash | The Statesman

A day after announcing that it was making web check-in a paid service, IndiGo, India’s largest airline operator by market share, made a slight change in its decision. The low-cost airline operator had on Sunday shocked customers with a notification stating that all seats selected via web check-in would be available against a payment. The […]

Are budget airlines really charging families to sit with their own children? | NewStatesmanAmerica

Are budget airlines really charging families to sit with their own children? | NewStatesmanAmerica

Are algorithms trying to steal our children? That’s the question at the heart of the latest airline ticket pricing scandal. Are budget airlines trying to squeeze more money out of families by deliberately allocating them seats in separate parts of the plane, then forcing them to pay a fee so that children can be seated […]

300,000 Additional Hotels | 3. Improving the Pricing

300,000 Additional Hotels | 3. Improving the Pricing

Pricing at the Room Level So far, one of our core strategies has been to make sure that LockTrip offers lower prices at the overall hotel level. For any given hotel, our mission was it to be especially competitive at the lowest priced room of that particular hotel. This way we were able to demonstrate a […]

Airlines take you sky high – It’s All About . . . | Castanet

Airlines take you sky high – It’s All About . . . | Castanet

Do your own research when travelling. Those of you who do as much flying as I do you will be familiar with all the tricks the airlines use to get more money out of your pocket. Those of you who don’t believe that happens, search Google for information on a class action lawsuit launched against […]

How Brands Can Protect Themselves From Legal Ramifications Over AI Privacy | Adweek

How Brands Can Protect Themselves From Legal Ramifications Over AI Privacy | Adweek

Dynamic pricing Dynamic pricing is increasingly all the rage in ecommerce marketing circles. Companies tap the power of algorithms to adjust prices on the fly based on what the customer might be willing to pay at any given time. Organizations employ AI to make decisions based on factors such as customer behavior and attributes coupled […]

Want to make some extra cash? Rent your car out, Airbnb-style | KSAT

Want to make some extra cash? Rent your car out, Airbnb-style | KSAT

Ever wished someone else would help contribute to your car payment? In true 21st century form, you can now rent out your car by the day to make a little (or a lot of) extra dough. The Airbnb-like car company Turo helps you to do just that. It also allows people to bypass dealing with car rental agencies […]

The Dawn of AI-Driven Price Management | RIS News

The Dawn of AI-Driven Price Management | RIS News

Want to devastate your financial performance? Simple. Get pricing wrong. And yet, 42% of retailers still primarily use spreadsheets for pricing and 34% use internally built software. What’s the problem with these traditional tools? For starters, both are incapable of supporting big data, machine learning and artificial intelligence (AI). You know, science. Which is a […]

How to Get 40 Percent Off Your Rental Car by Booking on Cyber Weekend | Mental Floss

How to Get 40 Percent Off Your Rental Car by Booking on Cyber Weekend | Mental Floss

Black Friday, Cyber Monday, and the days in between are great opportunities to do some holiday shopping for your loved ones, but there’s no rule that says you can’t save on ways to treat yourself as well. This year, the car rental company Budget is offering steep discounts on vehicles booked the weekend after Thanksgiving—and […]

The CMA’s Paper on Pricing Algorithms, Collusion and Personalised Pricing |  The National Law Review

The CMA’s Paper on Pricing Algorithms, Collusion and Personalised Pricing | The National Law Review

On 8 October 2018, the UK Competition and Markets Authority (“CMA”) published a Working Paper on the ‘use of pricing algorithms to facilitate collusion and personalized pricing’ (the “Paper”). It follows a number of other initiatives from competition authorities regarding algorithms, including the recent German Monopolies Commission’s proposals regarding pricing algorithms, which was the subject […]

Power Pricing In The Age Of AI And Analytics | Forbes

Power Pricing In The Age Of AI And Analytics | Forbes

Recent advancements in technology have made dynamic pricing strategies even more accurate and effective. A large retail bank using pricing algorithms is now able to tailor deposit rate offers by observing a customer’s checking account activities. The algorithm, detecting deposit flows between the bank and a secondary savings bank, can take into account the nature […]