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Tag: Revenue Management

VAT may impact price strategy at GCC hotels: report | GulfNews.com

VAT may impact price strategy at GCC hotels: report | GulfNews.com

Hotel operators in the Gulf region may need to modify their room rates and their overall fee strategy starting next year to continue to appeal to consumers following the introduction of Value-Added Tax (VAT). VAT, which will be imposed at a 5 per cent rate starting 2018 across the GCC (Gulf Cooperation Council), has the […]

Why the Airbnb Calculator Sets Prices of Airbnb Listings Too Low | Get Paid For Your Pad

Why the Airbnb Calculator Sets Prices of Airbnb Listings Too Low | Get Paid For Your Pad

Airbnb released a new tool to help their hosts improve their listings: the Airbnb calculator. Pricing is by far the most complicated aspect of Airbnb hosting. How do you know what the optimal price is? Ideally, you want to set prices high when demand is high (in the high season, during special events for example) […]

Holiday prices can soar by £3,000 in just one day | Daily Mail Online

Holiday prices can soar by £3,000 in just one day | Daily Mail Online

  Study exposes inconsistencies in travel industry over the cost of family deals The price of a trip to Florida apparently soared by £3,370 in just a single day  Research finds families struggle to know if their quote is fair    We’re all wary of holiday rip-offs, knowing prices can soar if you book late or […]

Travel dilemmas: Dynamics of pricing | TravelWireNews

Travel dilemmas: Dynamics of pricing | TravelWireNews

Simple supply and demand? Yes, but with a twist. “What’s happening is not new in the world,” said George Hoffer, a transportation economist at the University of Richmond in Virginia. Whether we’re talking about yield management, dynamic pricing or surge pricing (which you hear in connection with ride-sharing services), “it’s called price discrimination, and price […]

Widespread scalping is a sign of poor revenue management by event organizers | EconoMonitor

Widespread scalping is a sign of poor revenue management by event organizers | EconoMonitor

Undersupply and underpricing at the box office as causes of scalping In economic terms, scalping is a signal that the demand for the tickets to an event at the price set by the event organizers exceeds the supply. Scalpers help find a higher equilibrium price in a situation that in the absence of scalping would […]

Honing its dynamic pricing formula, Vacasa wants to make homeowners more cash than Airbnb | TechCrunch

Honing its dynamic pricing formula, Vacasa wants to make homeowners more cash than Airbnb | TechCrunch

Vacasa takes a lot of pride in its pricing algorithm, which it touts as far more dynamic than the pricing schemes used by other vacation rental sites. Initially developed in 2010 by Vacasa chief analytics officer Scott Breon, the company’s revamped Yield Management 2.0 system aims to make homeowners more than comparable systems, leveraging machine […]

With Bizjet Pricing Still Soft, Embraer Stresses Value | Aviation International News

With Bizjet Pricing Still Soft, Embraer Stresses Value | Aviation International News

As pricing for new business aircraft remains soft in the current market environment, Embraer Executive Jets is embarking on “a strategic shift from price to value,” newly installed company president and CEO Michael Amalfitano told AIN on Tuesday. He said that “value” includes production innovation, service and support, aircraft reliability and responsiveness to customers. Notably, […]

Daily chart: United bumps more passengers than any other large American airline | The Economist

Daily chart: United bumps more passengers than any other large American airline | The Economist

GETTING “bumped” from a flight took on a whole new meaning on April 9th, when United Airlines summoned aviation-security officers to drag a passenger off a plane kicking and screaming—literally. The company needed to transport employees from Chicago to Louisville, Kentucky, and the flight was too full to accommodate them. After no one accepted United’s offer […]

Airlines Make More Money Selling Miles Than Seats | Bloomberg

Airlines Make More Money Selling Miles Than Seats | Bloomberg

The airline-miles business, formally known as loyalty programs, has become a high-margin enterprise that’s grown in size and value amid airline consolidation, with carriers keen to expand credit-card rolls and see loyalty members spend more. This year, Alaska Airlines began tying a small percentage of its 19,000 employees’ performance pay to the market growth of its card with […]

These new air fares are for the cheapest of the cheapskates | The Washington Post

These new air fares are for the cheapest of the cheapskates | The Washington Post

The big airlines have jumped into the “basic economy” market, competing with the super-cheap airlines that cater to the most frugal passengers. Within hours of each other, American and United announced that they had begun selling basic economy fares that push down the price of a ticket. The lower price can come with caveats, however, […]