Tag: Revenue Management

The marriage of RM & merchandising: a logical next step for airlines | EyeforTravel

The marriage of RM & merchandising: a logical next step for airlines | EyeforTravel

The notion of ‘right product, at right time and at right price’ may be something airlines understand only too well but they still aren’t getting it right. Tom Bacon has some suggestions … However, despite consensus that there is a huge new opportunity, true personalisation remains elusive. Some of the problems include: · Airlines still […]

Singapore Airlines: A new way to fly, Opinion News & Top Stories | The Straits Times

Singapore Airlines: A new way to fly, Opinion News & Top Stories | The Straits Times

SIA has responded in several ways, the most significant being the launch of budget carrier Scoot in 2012 to give the group a presence in the medium-and long-haul low-cost market. In a sector that SIA, with its higher costs, is ill equipped to compete in, the need for Scoot is clear. What is not always […]

Why airlines need to segment smarter | EyeforTravel

Why airlines need to segment smarter | EyeforTravel

At one airline, Williams’ methodology led to airline was further breaking down business and leisure into sub-segments. He identified seven such segments; four business and three leisure. Business segments included both commuters (short haul; out on Monday, back on Friday) and seasonal workers (long stays); leisure included a differentiation between weekend vacationers and weekday vacationers. […]

Why Airfreight Traffic Is Up: Dog Food and Semiconductors Are Vying for Space | WSJ

Why Airfreight Traffic Is Up: Dog Food and Semiconductors Are Vying for Space | WSJ

Companies are shipping more items by plane to meet customers’ rising expectations for rapid delivery, prompting a scramble for cargo space that has sent airfreight rates soaring and pushed Amazon.com Inc. and others into the airline business. Global airfreight traffic climbed almost 9% year-over-year in November, the start of the peak shipping season, and rates […]

Government rejects Parliamentary panel suggestion to cap airfares | India Today

Government rejects Parliamentary panel suggestion to cap airfares | India Today

The report clearly placed the onus on the Ministry of Civil Aviation to fix things. It read, “The Ministry of Civil Aviation, though aware of the rampant exploitation, is not showing any proactive role in regulating airfares. The Committee therefore recommends the Ministry of Civil Aviation to consider fixing an upper limit of fares for […]

This Is How Airlines Determine the Price of Flights | Civilized

This Is How Airlines Determine the Price of Flights | Civilized

Airline ticket prices seemingly change every day, week, or hour, without notice, but there’s actually a real science behind this. Some people spend their whole lives trying to figure out how much to charge each passenger when they fly, because there are many factors that go into ticket pricing. In order to understand this science […]

Aeroflot denies reports on higher air ticket prices during FIFA World Cup in Russia | TASS

Aeroflot denies reports on higher air ticket prices during FIFA World Cup in Russia | TASS

MOSCOW, December 27. /TASS/. Russia’s flagship carrier Aeroflot did not raise its tariffs for the days of the 2018 World Cup, a spokesperson with the airline told TASS. Earlier, the publication of RBC published a study saying that the prices for air tickets to the cities of the World Cup 2018 soared by an average […]

Mindbody Takes a Cue From the Airline Industry | host.madison.com

Mindbody Takes a Cue From the Airline Industry | host.madison.com

The airline industry has been charging customers different prices for different seats on the same flight for years. Mindbody (NASDAQ: MB), a cloud-based technology company that helps wellness service providers, has implemented this “dynamic pricing” ability to help its customers fill slots and increase profits. And millennials are the target. Dynamic pricing means charging different […]

MarginFuel raises cash in bid to bring dynamic pricing to rental vehicles | Stuff.co.nz

MarginFuel raises cash in bid to bring dynamic pricing to rental vehicles | Stuff.co.nz

Andrew Pascoe, who previously worked for Air New Zealand and has also worked on dynamic pricing models for companies including Interislander owner Kiwirail, now heads MarginFuel, a small Wellington operation that offers a cloud-based product mainly targeting rental vehicles. “Rental car operators have a huge amount of price points live in the market at any one […]

MLB clubs increasingly relying on analytics to generate revenue: club executive | Yonhap News

MLB clubs increasingly relying on analytics to generate revenue: club executive | Yonhap News

“Most of the work to date has focused on ticket sales, utilizing buyer data, past sales information, pricing, and survey work to ultimately help us more effectively market and sell tickets,” he said. “We are looking to expand analytics into its own department, with multiple employees dedicated strictly to the pursuit of securing, analyzing, and […]