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Topic - Dynamic Pricing

Dynamic Pricing
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What Your Hotel Booking Performance Can Tell You About Demand Patterns - By Ewa Gabara

Searching for demand patterns for your property is like traveling to the past and then going to the future to forecast how to set up your hotel for success. And no, it's not a 'Back to the Future' movie scene. Instead of a time machine, you need data on your hotel's booking performance from your property management system. After reading this article, you will learn how an effective analysis of your property's booking performance will help you better understand your property's demand patterns and how to leverage them to maximize revenue and occupancy.

Dynamic Pricing
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Could Using Algorithms to Set Hotel Rates Become Illegal? - By Adam Harris

Is it illegal to estimate what hotel prices might be in the future? According to some powerful people, it could be. Plaintiffs in several class-action lawsuits argue that merely having access to algorithmically informed price insights amounts to an illegal conspiracy among business competitors - that it?s fair to assume they'll stop competing and just fix prices instead.

Dynamic Pricing
Skyware Hospitality Solutions banner

Rules Based Hotel Dynamic Pricing

Dynamic Pricing for hotels and resorts is Skyware Hospitality Solutions' name for a Revenue Management Systems (RMS) also called 'Yield Management', – a term coined by Robert Crandall, former chairman and CEO of American Airlines in the 1980’s. Crandall called RMS, 'The most important technical development in transportation management since airline deregulation.' It has been widely utilized in all sectors of the hospitality industry including airlines, hotels, and rental cars.

Dynamic Pricing
Promotional image for report - Dynamic and Personalized Pricing in Travel

New Report: Dynamic and Personalized Pricing in Travel

This 22-page report gets inside technical, ethical and legal challenges facing travel brands as they adopt dynamic pricing. It reveals how to master these factors to deliver higher yields, conversion rates and customer retention levels as prices get closer to matching true demand.

Dynamic Pricing
Promotional image for report - Dynamic and Personalized Pricing in Travel

Free Report: Dynamic and Personalized Pricing in Travel

We are on the cusp of a revolution that promises greater personalization and profitability as pricing becomes more segmented and relevant to each customer. Download this free report, to understand how pricing in travel is charging into the future and how you can become part of this revolution.