OnDemand WTP Pricing Research

This Week in Pricing > 8/17/19

TWIP is a digest of pricing focused news, thought leadership, events, training and certification resources for pricing professionals.

This Edition is brought to you by:

The Perfect Price AI platform makes millions of pricing decisions for forward-thinking companies around the world. Our cloud-based service allows customers to quickly anticipate and react to changes in demand in real-time – enabling them to maximize revenues, profit, and utilization.

Its machine learning leverages proprietary data – the biggest competitive advantage–to increase average rates, utilization, and profit.

Perfect Price works with forward-thinking companies in industries ranging from rental car and airline to sports clubs and gas stations.

 

Marriott Introducing Peak Award Pricing (And More) | One Mile at a Time

Marriott Introducing Peak Award Pricing (And More) | One Mile at a Time

Over the past 12 months we’ve seen huge adjustments to Marriott’s loyalty program: This started last summer, when benefits were aligned across Marriott Rewards, Ritz-Carlton Rewards, and Starwood Preferred Guest, last summer Then this winter Marriott Bonvoy was announced as the name of Marriott’s new combined loyalty program Then this spring we saw the introduction […]

 

Consumer watchdog to probe pricing of public liability insurance | theJournal.ie

Consumer watchdog to probe pricing of public liability insurance | theJournal.ie

A MAJOR REVIEW into the public liability insurance market is to be carried out by the country’s competition watchdog. The Competition and Consumer Protection Commission (CCPC) is to probe into how the market operates, how competition works in that market and whether any practice or method of competition affects the pricing levels of public liability […]

 

Apex Legends Iron Crown Event Receives Backlash Over Pricing Model | dbltap

Apex Legends Iron Crown Event Receives Backlash Over Pricing Model | dbltap

Apex Legends has been in a good place since the release of Season 2. While the competitive mode didn’t capture the attention of every fan, it brought back a plethora of players that left during the Season 1 dud. Apex Legends seemed to be on an upward trend and its community was fairly happy until […]

 

Cap surge-pricing charges for ride-hail operators, Letters in Print News & Top Stories | The Straits Times

Cap surge-pricing charges for ride-hail operators, Letters in Print News & Top Stories | The Straits Times

With the passage of the Point-to-Point Passenger Transport Industry Bill last week, the transport industry as well as consumers are looking forward to a healthier public transport landscape that benefits all stakeholders (Licensing regime tightens reins on private-hire firms, Aug 7). For fare-related matters, the Public Transport Council (PTC) will oversee things to ensure that […]

 

NLC calls on cities to consider congestion pricing | Smart Cities Dive

NLC calls on cities to consider congestion pricing | Smart Cities Dive

Dive Brief: The National League of Cities (NLC) released a guide, Making Space: Congestion Pricing in Cities, encouraging cities to consider congestion pricing to ease traffic, improve citizens’ quality of life and gain revenue for infrastructure maintenance and upgrades. The guide breaks down differences between road-use fee models and provides case studies for four cities: […]

 

U.S. lawmakers push Mylan, Teva over drug pricing probe | Reuters

U.S. lawmakers push Mylan, Teva over drug pricing probe | Reuters

WASHINGTON (Reuters) – The head of the U.S. House of Representative’s oversight panel on Wednesday called on three drugmakers to turn over documents as part of an ongoing congressional review over generic drug price increases and accused the companies of “apparent efforts to stonewall” the probe. FILE PHOTO: The logo of Teva Pharmaceutical Industries in […]

 

Disney Aims to Own Sports Entertainment in the Age of Streaming | Yahoo! Finance

Disney Aims to Own Sports Entertainment in the Age of Streaming | Yahoo! Finance

The Walt Disney Co. (NYSE:DIS) released its third-quarter earnings report on Aug. 6 to generally negative reviews. Expectations had been high, with many analysts predicting a blowout quarter driven by record box office receipts. Alas, Disney disappointed on both the top and bottom lines. Unsurprisingly, the market took the news poorly, driving shares down nearly […]

 

Ellie Mae extends pricing and lock integration with Optimal Blue | MPA

Ellie Mae extends pricing and lock integration with Optimal Blue | MPA

Ellie Mae has extended its integration with Optimal Blue to improve its Encompass LO Connect. With the expanded integration, loan officers can digitally quote appropriate financing options based on the borrower’s unique mortgage loan scenario. “More than 80% of top loan producers say digital mortgage technology is key to their company’s future growth,” Ellie Mae […]

 

Walmart (WMT) to Report Q2 Earnings: Factors You Must Watch | Yahoo Finance

Walmart (WMT) to Report Q2 Earnings: Factors You Must Watch | Yahoo Finance

Omnichannel: A Major Growth Driver Walmart’s second-quarter fiscal 2020 results are likely to gain from its solid omnichannel efforts. To this end, the company’s focus on enhancing merchandise assortments and undertaking store remodeling initiatives bodes well. Also, its compelling pricing strategy is a sales driver. These factors along with Walmart’s strong e-commerce business have been […]

 

Discovery Bank’s complex pricing | Moneyweb

Discovery Bank’s complex pricing | Moneyweb

Discovery Bank’s monthly account fees compare fairly favourably with those of its rivals, especially when one looks at the prices of its bundled offerings. Its bundled Gold account (technically the Discovery Gold Card and Transaction Account) has a monthly account fee of R90, the bundled Platinum account costs R135 per month, and the bundled Black […]

 

30 states allow kWh pricing, but non-Tesla EV drivers mostly miss benefits | Electrek

30 states allow kWh pricing, but non-Tesla EV drivers mostly miss benefits | Electrek

North Carolina is now the 30th state to allow public EV charging companies to offer pricing by the kilowatt-hour (kWh), instead of charging per minute. The change was thanks to bipartisan legislation — House Bill 329, Renewable Energy Amendments — passed by the legislature and signed by Gov. Roy Cooper. The vast majority of Americans now live […]

 

If the Tuition Doesn’t Get You, the Cost of Student Housing Will | Bloomberg

If the Tuition Doesn’t Get You, the Cost of Student Housing Will | Bloomberg

In 2015, Sabrina Martinez got into the University of Texas at Austin, the UT system’s flagship campus and its most selective. She was thrilled. Her parents, not so much. “They were just like ‘Nope. You can’t afford it. You shouldn’t go. Loans are ridiculous.’ ” They encouraged her to go to the cheaper University of […]

 

How to Invest in Self-Storage Real Estate | US News

How to Invest in Self-Storage Real Estate | US News

IN A HOT real estate and stock market, investors may be looking for new and innovative opportunities beyond the high-priced apartment buildings and buildable land. Self-storage facilities have the upside of being “fairly resilient through both economic booms and downturns,” and capitalize on society’s need to accumulate stuff, says Paul Letourneau, manager of commercial loan […]

 

How to create profitable pricing | CMO Australia

How to create profitable pricing | CMO Australia

How do we price goods and services? As business leaders, we have asked ourselves this question since the history of trading. Today, many companies employ people to analyse a multitude of data to determine the best pricing approaches to take. But how successful are these approaches really, and how do we know whether we are leaving […]

 

Bringing transparency to the notion of price transparency | STAT

Bringing transparency to the notion of price transparency | STAT

Health care price transparency is making headlines again. In late July, in accord with a recent presidential executive order, the Centers for Medicare and Medicaid Services issued a proposed rule requiring hospitals to make more price information publicly available. The growing interest in price transparency isn’t limited to one side of the aisle or one […]

 

Cars for sales: Price hikes on new vehicles may finally slow | USA Today

Cars for sales: Price hikes on new vehicles may finally slow | USA Today

Sticker prices on new vehicles are approaching $40,000 as the nation’s SUV craze continues. But relief may finally be in sight. A confluence of factors, ranging from a glut of SUVs to increasing discounts and the slowing market for new vehicles, may be poised to slow the ascent of prices. That doesn’t mean new cars […]

 

Chevrolet Releases 2020 C8 Corvette Stingray Pricing | Road and Track

When Chevrolet first revealed the mid-engine, C8 Corvette Stingray last month, GM product head Mark Reuss promised it would cost less than $60,000. A remarkable number for a mid-engine sports car with this much performance. Today, Chevy released complete pricing info for the C8, and opened up pre-orders for the hotly anticipated car. Starting price? […]

 

Amazon Offers Retro Pricing In Los Angeles For Maisel Day On August 15 | Fire Wire

Amazon Offers Retro Pricing In Los Angeles For Maisel Day On August 15 | Fire Wire

Los Angeles residents will be able to purchase lunch, gasoline, makeup applications, shoeshines, movie tickets and hotel rooms at 1959 prices on August 15, which Amazon Prime is calling “Maisel Day.”  That means you can see a movie for a mere 51 cents, grab a hot dog for 59 cents, and get your hair done (with […]

 

Value-based drug pricing makes sense, but is difficult to pull off | DrugPatentWatch

Value-based drug pricing makes sense, but is difficult to pull off | DrugPatentWatch

It’s hard not to like the notion of value-based pricing for prescription drugs. It aims to ensure that the prices we pay for drugs reflect the benefits they provide, either in terms of longer life or better quality of life. And what could be more American than letting the market determine the right price through the intersection […]

 

‘Apex Legends’ Iron Crown Loot Box Pricing Is Hilariously Out Of Touch | Forbes

While I appreciate Apex Legends as a fun battle royale title, it also operates as one of the last bastions of crazily over-monetized titles on the market, perhaps no surprise, given that it’s coming from EA. Apex Legends has already combined a storefront with a battle pass and loot boxes, and now their latest move […]

 

Etsy Helps UK Sellers Compete in US with Dual Pricing Tool | ecommerce bytes

Etsy Helps UK Sellers Compete in US with Dual Pricing Tool | ecommerce bytes

Etsy wants to help UK sellers compete in the US and will launch a new dual-pricing tool this week, according to the company’s Chief Financial Officer Rachel Glaser. It’s more expensive for international sellers to ship cross-border than it is domestically. But because of Etsy’s new free-shipping initiative where it penalizes sellers who don’t offer […]

 

AMD Reports Q2 2019 Market Share as Intel Sticks to Its Guns on Pricing | ExtremeTech

AMD Reports Q2 2019 Market Share as Intel Sticks to Its Guns on Pricing | ExtremeTech

Over the past month, AMD let fly with two-thirds of its 7nm product lineup. Both the desktop and server spaces have now been refreshed with 7nm CPUs. Intel’s response? Meh. Let’s do the market share data first. Heading into Q2, AMD has a series of pushes and drags on its market performance. Positive factors include […]

 

Australia – New Pricing Rules For Electricity Retailers. | Conventus Law

Australia – New Pricing Rules For Electricity Retailers. | Conventus Law

On 1 July 2019, the Electricity Retail Code came into force in New South Wales, South-Eastern Queensland and South Australia introducing a new Default Market Offer (“DMO”) for electricity customers.  At the same time, Victoria introduced its own Victorian Default Offer (“VDO”) for electricity customers together with Deemed Best Offer, Clear Advice Entitlement and GST […]

 

Teva, Mylan and Heritage are stonewalling pricing probe, US lawmakers say | S&P Global Market Intelligence

Teva, Mylan and Heritage are stonewalling pricing probe, US lawmakers say | S&P Global Market Intelligence

U.S. House Oversight and Reform Committee Chairman Elijah Cummings, D-Md., and Sen. Bernie Sanders, I-Vt., a presidential candidate, reignited their probe into three generic-drug manufacturers’ pricing practices and accused the companies of stonewalling the lawmakers’ 2014 congressional investigation. “Obstructing or evading a congressional investigation, including withholding or concealing information, is a violation of federal law,” […]

 

 

The Subscription Model Comes to Luxury Travel With Inspirato Pass | Bloomberg

The Subscription Model Comes to Luxury Travel With Inspirato Pass | Bloomberg

What does luxury travel now have in common with grocery shopping, music streaming, and shaving? The subscription model. In mid-July, Denver-based travel club Inspirato launched its Inspirato Pass, which allows customers to book unlimited stays in luxury vacation homes, as well as legacy five-star hotel brands such as Ritz Carlton, starting at $2,500 a month […]

 

Too fast, too much: Property agents unhappy over PropertyGuru hiking prices | TODAY

Too fast, too much: Property agents unhappy over PropertyGuru hiking prices | TODAY

SINGAPORE — Two years after a backlash over price hikes by PropertyGuru, property agents are up in arms again as the property portal is increasing the price agents have to pay for listing on its platform. The changes, which will take effect from Sept 1, will see price increases ranging from 11.3 per cent to 26.6 […]

 

Six suspects announced, one detained over Rotterdam+ coal pricing scheme | KyivPost

Six suspects announced, one detained over Rotterdam+ coal pricing scheme | KyivPost

The National Anti-Corruption Bureau of Ukraine (NABU) has issued notices of suspicion to six individuals involved in Rotterdam+, an infamous coal pricing schemes that many believe fuels corruption. Of the six people issued notices on Aug. 8, one has already been detained. According to NABU detectives, in three years, the scheme resulted in Hr 18.8 billion […]

 

Has Disney Finally Made Theme Park Prices Too High? | Nasdaq

Has Disney Finally Made Theme Park Prices Too High? | Nasdaq

Walt Disney (NYSE: DIS) has steadily increased prices at its U.S. theme parks. That’s led to revenue increases, but overall attendance has dropped. That drop may be intentional: Pricing is a lever Disney can use to control crowds, delivering a better experience for those who can afford it while maximizing revenue for the company. Still, while […]

 

President Trump: Let traditional healthcare economics work | pennlive.com

President Trump: Let traditional healthcare economics work | pennlive.com

In recent weeks President Trump has floated a new rule that would require health care providers such as hospitals and doctors to publicly provide a price list of their services. This plan to improve so-called “price and quality transparency in American healthcare” sounds good at first blush, but it is important to think through the […]

 

After European Union crackdown, Airbnb to show full prices upfront | TOPHOTELNEWS

After European Union crackdown, Airbnb to show full prices upfront | TOPHOTELNEWS

Airbnb will be changing how it displays accommodation listings following an intervention from the European Union Commission. The home-sharing giant will now show the full price of the stays that it is offering upfront on the results page. Those prices will include all charges, as well as fees such as service, cleaning charges and local […]

 

National League of Cities report says US cities should consider congestion pricing | Traffic Technology Today

National League of Cities report says US cities should consider congestion pricing | Traffic Technology Today

The USA’s National League of Cities (NLC) has released a new guide that encourages cities to consider introducing congestion charging systems as a potentially economical solution to build thriving communities, calm traffic, reduce air pollution, and improve quality of life for residents. In the report, the NLC explains that congestion pricing is a type of […]

 

Ways to Play the SaaS Game of Price Is Right | MarTechSeries

Ways to Play the SaaS Game of Price Is Right | MarTechSeries

The longest-running American TV game show host Bob Barker once said, “You can’t fool television viewers with dancing girls and flashing lights.” The same mindset goes with prospects. The smoke and mirrors show won’t get you far when potential customers decide on who to pick when they come down to price. This is the fork […]

 

 

Webinar (On-Demand): Successful Price Increases using Market Insights | PriceBeam

Digitalization is everywhere of course. But whereas some industries are 100% digital from birth, others are still transforming from traditional consumer or industrial products to more of a digital service industry. Regardless of where your industry and company is on the digitalization path, pricing practices are severely impacted. Digitalization means increased transparency, more information,  as well as internationalization of buying and selling, but also new opportunities for value-adding and new services that can be offered and monetized.

Participants and viewers of the webinar will learn about

  • What trends in digitalization mean for pricing.
  • Avoiding (some) pricing pitfalls when digitalizing existing offerings
  • Using digital insights to better understand opportunities
  • How to predict optimal prices for digital services using market research

The webinar will be available from the end of May 31st, 2019. If you have already signed up you will receive a link by the end of this date. Otherwise, sign up on the right and receive a link by email to view the recording.

 

 

Webinar (On-demand): Setting the Right Price on New Products or Services | PriceBeam

In this webinar PriceBeam co-founder and Chairman, Finn Hansen, together with The Pricing Coach, Mark Peacock walk viewers through various challenges around the pricing of new products or services.

This on-demand webinar covers:

  • Common challenges when creating new products or services
  • How pricing should play a more prominent role in the innovation process
  • The various steps of product development and how pricing can add value at each step
  • Different types of price research that can improve the value of the new product
  • Psychological pricing tactics to improve the introduction of the new product or service.

 

Webinar (On-Demand): Using AI To Get C-suite Attention For Pricing | Perfect Price and PPS

Pricing is high impact, but are you getting the attention you deserve? In any enterprise environment, the struggle for attention and resources is always an issue. As a pricing professional, how can you get c-suite attention for prioritizing pricing initiatives and allocating budget?

Aligning yourself with your company’s digital transformation initiatives is a great way to move pricing into the fold as a key driver. In particular, focusing on disruptive technologies like Cloud Technologies, AI, Machine Learning, and Decision Automation, can help to spark executive interest.

By choosing an AI vendor over other pre-internet vendors you’ll find more approachable budgets and rapid implementation timelines, which will aid immensely in getting executive buy-in. AI-based pricing tools, like Perfect Price, have measurable ROI and are proven to simulate pricing better than other technologies.

 

 

30th Annual Fall Conference & Workshops October 15-18, 2019 | PPS

We are excited to announce we’ll be in Las Vegas, NV for our 30th Annual Fall Pricing Conference & Workshops October 15-18, 2019! You can register now and take advantage of our Early Bird Offer.

 

15th Annual European and Global Pricing Workshops & Conference November 27-29, 2019 in Berlin, Germany | PPS

We are excited to announce we’ll be in Berlin, Germany for our 15th Annual European and Global Pricing Workshops & Conference to be held November 27-29, 2019!

 

“The single most important decision in evaluating a business is pricing power,” Buffett told the Financial Crisis Inquiry Commission in an interview…

“If you’ve got the power to raise prices without losing business to a competitor, you’ve got a very good business. And if you have to have a prayer session before raising the price by 10 percent, then you’ve got a terrible business.”

     – Warren Buffett

Explore our collection of valuable pricing resources including:

Books

Cartoons

Certifications

Papers

Quotes

Reports

Training

Videos

Pricing News on LinkedIn

Join 1,000’s of your peers in the our LinkedIn discussion group.

The group features informative pricing strategy and technology focused news, events, resources, thought leadership, cartoons, quotes, and discussions.

Post a Comment

WP-SpamFree by Pole Position Marketing