OnDemand WTP Pricing Research

Tag: Revenue Management

Travel Industry Leverages AI in Most Entrancing Ways for Advanced Customer Experience | Analytics Insight

Travel Industry Leverages AI in Most Entrancing Ways for Advanced Customer Experience | Analytics Insight

The adoption of new-age technologies such as Big Data, Analytics, AI, Machine Learning and others, has accelerated the growth of travel sales at digital plethora in the past few years. Out of all the technologies, big data and machine learning play a significantly important role in driving success to the business. Reportedly, in 2016 alone, […]

4 ways to rethink airline RM in a personalised world | EyeforTravel

4 ways to rethink airline RM in a personalised world | EyeforTravel

Travel suppliers were early adopters of analytical tools for demand forecasting and pricing, but the drive to personalisation is making RM work harder. Tom Bacon explains Revenue management (RM) has certainly always been highly quantitative – requiring unique statistical and business-analytical skills to optimise use of sophisticated systems. Today, however, personalisation drives RM to ever-higher […]

Airbnb comes clean on pricing after enforcement action threat | The Irish Times

Airbnb comes clean on pricing after enforcement action threat | The Irish Times

Airbnb has amended the way it presents pricing information to consumers after the European Commission took it to task for not being transparent enough on the total cost of bookings. The commission said the online home share company had agreed to clarify the way it presents accommodation offers on its platform to ensure it complies […]

Air New Zealand considers dynamic pricing for flights | TravelTalk NZ

Air New Zealand considers dynamic pricing for flights | TravelTalk NZ

How airlines set pricing is something that hasn’t fundamentally changed in decades. It follows a model known as a “pricing ladder” where the total number of seats are divided up into booking classes, with each booking class representing a rung on the ladder.  The lowest rung on the ladder will have the cheapest prices, and […]

Oyo Is Betting U.S. Strategy on Aggressive Dynamic Pricing | Skift

Oyo Is Betting U.S. Strategy on Aggressive Dynamic Pricing | Skift

Oyo Hotels & Homes may be racking up the investment dollars to expand quickly outside of its home market of India. But the secret behind the company’s early success is its use of data science to ensure high occupancy for its hotel partners. Oyo changes hotel room rates 15 million times per day, according to […]

Why dynamic pricing will transform travel distribution | EyeforTravel

Why dynamic pricing will transform travel distribution | EyeforTravel

Smarter pricing structures will allow travel brands to create more relevant prices for their customers, boosting revenue and loyalty, finds a new report Pricing within the travel industry is evolving to match consumers and what they are willing to pay far more accurately as a result of a better understanding of impacting variables and more […]

Toyota Corolla sales slump as car rental companies shift to Kia and Hyundai | CarsGuide

Toyota Corolla sales slump as car rental companies shift to Kia and Hyundai | CarsGuide

Toyota has lost a massive rental car fleet contract that has put an 1800-car dent in its annual sales and contributed to an 8.5 per cent slide in year-to-date results. After 20 years with Corollas, one of the nation’s biggest independent rental car businesses has shifted orders to other manufacturers led by Hyundai and Kia. […]

Autos and Taxis will get a fair hike, Ola/Uber surge pricing to be capped | ThePOST24

Autos and Taxis will get a fair hike, Ola/Uber surge pricing to be capped | ThePOST24

Mumbai Transport will get a major overhaul as the transport department has decided to hike the fare of Autos and Taxi by Rs 2 for both the modes of Mumbai Transport. BEST has already got an approval from its Managing committee and will decrease the minimum fare to ₹ 5 as suggested by BMC Commissioner […]

Airfares more than double for India sector from UAE | Khaleej Times

Airfares more than double for India sector from UAE | Khaleej Times

Expat families are busy packing for their vacation starting this weekend as schools close – except that, this time, they feel pinch of the summer airfare hike. With less flights and high demand, ticket fares have skyrocketed up to 50 per cent, according to industry experts, who believe that the situation is mainly driven by […]

Pricing and distribution havoc hits in-destination with rise of OTAs: Klook’s Fan predicts shift to dynamic pricing | WIT

Pricing and distribution havoc hits in-destination with rise of OTAs: Klook’s Fan predicts shift to dynamic pricing | WIT

She added, “I am careful about where I want my brand to be seen. I sell tickets on Google and I pay commission to TripAdvisor because I pay for a booking that comes to me, not like spending on Google Ad Words which is like shooting in the air. If I work with a travel […]