Air France-KLM Joins Airlines Getting Ahead of Fare Wars by Mimicking Uber
For decades, most large airlines have used the same, rigid approach to pricing their tickets. But Air France-KLM and other large airline groups now want to break free of the…
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Know before you go: Uber rolls out fixed pricing in the UK
Uber is changing the way it shows you fares across The Pond. This week, the ride-hailing service announced that it will be introducing upfront pricing — or fixed pricing —…
Universal Orlando launches date-based pricing for theme park tickets
ORLANDO, Fla. – Universal Orlando has rolled out a new date-based ticket system, meaning the day you go to a theme park could affect how much your visit could cost.…
JR East to consider time-of-day fare system
East Japan Railway Co., or JR East, will start considering introducing a new fare structure, including a system in which fares vary by the time of day, its president, Yuji…
Here’s what causes crazy prices on Wayfair and Amazon
A recent conspiracy theory hinged on what seemed like absurd prices for cabinets sold by Wayfair. But there are many reasons web prices can be out of whack—and most of…
A Ride to the Airport Is Getting Cheaper. It’s Bad News for Uber and Lyft.
One of the long-standing concerns for the ride-sharing industry is that consumers see little to distinguish Uber Technologies from Lyft. Read full article here: www.barrons.com/articles/ride-share-prices-are-falling-its-bad-news-for-uber-and-lyft-51594746341
Pricing Optimization With Machine Learning: Is it Worth it?
In recent years, artificial intelligence (AI) and machine learning (ML) technologies have successfully penetrated many industries, ranging from healthcare to automotive. Read full article here: Pricing Optimization With Machine Learning:…
Meet The Startup Aiming To Solve Overtourism
GetYourGuide, an online travel company based in Berlin, is launching a new platform called “Beat the Crowds” — because crowds aren’t just an annoyance anymore, they’re a public health threat.…
IHG Launches Dynamic Pricing, Enabling Great Award Redemptions Now
On May 29, 2020, InterContinental Hotels Group—better known as IHG—made a major change to its loyalty program. Instead of pricing award nights at the same rate for every night of…
Researchers find racial discrimination in ‘dynamic pricing’ algorithms used by Uber, Lyft, and others
A preprint study published by researchers at George Washington University presents evidence of social bias in the algorithms ride-sharing startups like Uber, Lyft, and Via use to price fares. In a…