OnDemand WTP Pricing Research

Tag: Revenue Management

What Are Price Ceilings and How Do They Impact Me? | TheStreet

What Are Price Ceilings and How Do They Impact Me? | TheStreet

What Is a Price Ceiling? A price ceiling is an accounting term, with different variations and meaning, that fixes the highest price a company or individual can charge for a product or service. Price controls are designated by government regulators, theoretically in order to shield consumers from fast and substantial prices. The term sets out […]

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 […]

Spirit Airlines Gets Boost From Dynamic Pricing on Carry-Ons to Bottled Water | Skift

Spirit Airlines Gets Boost From Dynamic Pricing on Carry-Ons to Bottled Water | Skift

For the year, Spirit told investors it made more than $55 in per-passenger ancillary revenue for the first time since 2014. The fourth quarter was better, with non-ticket revenue increasing 5.2 percent, year-over-year, to $56.70. The growth generally is not the result of new fees. Instead, Spirit executives said they have improved at managing how […]

Renting a Car With a Debit Card? It Just Got Much Easier | Intelligencer

Renting a Car With a Debit Card? It Just Got Much Easier | Intelligencer

If Dollar and Thrifty are right about debit cards and customer risk — it’s worth noting, the past debit-card-using customers whose behavior they’ve analyzed comprise a specific set of debit-card holders who have been willing and able to jump through hoops like passing credit checks before rental — then they are making a smart play […]

How To Price Your Vacation Rental: Pros and Cons of Common Strategies | evolve

How To Price Your Vacation Rental: Pros and Cons of Common Strategies | evolve

What if your rates were actually costing you money and bookings? A lot of vacation rental owners have pricing strategies that are outdated and ineffective, but they have no idea how much they’re losing as a result. Some charge under the market average, happy to scoop up bookings and fill their calendar. Others charge way […]

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 […]