Tag: Revenue Management

Rookie mistakes to avoid when you start an Airbnb rental | courier journal

Rookie mistakes to avoid when you start an Airbnb rental | courier journal

Letting Airbnb set your price Here’s the thing. Airbnb takes a cut of every stay, from both the host and the guest. I’m no mathlete, but if they book two million rooms a night (that’s their norm) at $100 apiece, they make more money than if they book a million at $250 (prices are just […]

Airlines could set airfare based on your income | Yahoo Finance

Airlines could set airfare based on your income | Yahoo Finance

Nailing down the cheapest airfare can be tough. Prices are based on a handful of factors, including route, date and demand, so they are always in flux. Now airlines might start looking at new ways to determine airfare, like your income. This month Sen. Chuck Schumer, (D-N.Y.) warned that some major airlines want to collect […]

Will surging freight rates herald the return of the inflation boogieman? | DC Velocity

Will surging freight rates herald the return of the inflation boogieman? | DC Velocity

In his comments, Broughton said he doesn’t see overall demand slacking off any time soon. Resurgent oil prices have sparked a renewed boom in the industrial economy, just as the collapse in the energy complex in 2014 led to the industrial recovery’s end. More tellingly, and somewhat counter to expectations, since they had been written […]

Big airlines that launched basic economy fares rank below Southwest Airlines in survey | LA Times

Big airlines that launched basic economy fares rank below Southwest Airlines in survey | LA Times

For good reason. Four in 10 travelers surveyed by Consumer Reports said they chose their airline primarily based on price. Although American, United and Delta have all reported generating strong revenues from the sale of basic economy seats, the survey found that all economy flights got low scores for seat comfort and legroom, with nearly […]

A Southwest Airlines Executive Just Insulted United and American. Here’s Why Southwest Customers Will Love It | Inc.com

A Southwest Airlines Executive Just Insulted United and American. Here’s Why Southwest Customers Will Love It | Inc.com

For example, whether the airline would start flying to Europe. (The answer was no, which strikes me as wise.) But then he lurched onto Basic Economy. This, which I prefer to call Sub-Cattle Class, consists of the (allegedly) cheapest fare offerings that are so unbundled that you’re surprised to get a seat cushion. Different airlines have […]

A machine-learning approach to inventory-constrained dynamic pricing | MIT News

A machine-learning approach to inventory-constrained dynamic pricing | MIT News

Incorporating inventory constraints A main challenge to adopting Thompson sampling for revenue management is that the original method does not incorporate inventory constraints. However, the authors show that Thompson sampling can be naturally combined with a classical linear program formulation to include inventory constraints. The result is a dynamic pricing algorithm that incorporates domain knowledge […]

Airbnb Denies It Has Surge Pricing For The Boston Marathon | BISNOW

Airbnb Denies It Has Surge Pricing For The Boston Marathon | BISNOW

AirbnbWATCH issued a report that accuses the short-term home rental website of price gouging for Boston’s biggest sporting event. A downtown Boston apartment that normally fetches $77 per night was listed for $2K per night the weekend of the marathon. A condo that normally rented for $89 per night was asking $1,200 that weekend. Airbnb […]

Airbnb Claims ‘Price Gouging’ by Detroit Hotels During NCAA Games This Weekend | Deadline Detroit

Airbnb Claims ‘Price Gouging’ by Detroit Hotels During NCAA Games This Weekend | Deadline Detroit

Deadline Detroit contacted the two named sites, both part of the Marrioitt group, for a chance to discuss rate changes during peak booking periods. Sales and marketing directors Scott Stinebaugh of the Westin on Washington Boulevard and Judy Booth at the riverfront Marriott didn’t return voice messages left early Wednesday afternoon. A communications team member […]

Can Airlines Use the Internet to Offer Discriminatory Pricing? | Travel Market

Can Airlines Use the Internet to Offer Discriminatory Pricing? | Travel Market

This past weekend, Schumer called the airlines’ ability to mine more data “Big Brother meets Big Business,” and said “it is a frightening combo for already-price-badgered airline travelers.” “The airlines have already monetized every single inch of the plane: smaller seats, less food, charges for carry-ons, and so the thought that they or others within […]

TicketFire Introduces No Fee Ticket Resale Marketplace | PR Newswire

TicketFire Introduces No Fee Ticket Resale Marketplace | PR Newswire

In the TicketFire marketplace, the average total ticket price at checkout is 10-15% cheaper than other ticket marketplaces. Buyers pay no fees other than standard shipping costs for hard tickets. Sellers will be charged 9% of the total ticket cost, far less than existing marketplaces that often charge 15% or more. While the current ticket […]