Articles tagged “pricing”

Airlines need to shift from forecasting models that rely primarily on historical data to ones that analyze real-time demand. That's how Amazon and other e-commerce companies handle pricing. No wonder travel tech players PROS, Amadeus, Sabre, and Flyr spy an opportunity.

Lufthansa Group may have done more than any other airline group to aggravate Amadeus, Travelport, and especially Sabre in recent years. Yet a grudging truce in the distribution battle may be possible, according to this exclusive interview with a top executive.

In coronavirus-related travel stories this week, Skift covered the divergent views among Marriott, Accor, American and United about the shape of the travel recovery, the anguish of travel's lost summer, contactless tech as the next big thing, and how tour guides will be at the forefront of safety measures.

Domestic airfares around the world fell dramatically in May — on average. But, as with hotels, there are currently pockets of strength — and will be for months. Still, contrarian trends don't make for a nice, tidy trend line when it comes to prices.

While dealt a blow by coronavirus, the cruise industry is managing to hold the line on pricing, at least for now. The long-term impact of the crisis remains to be seen, but the cruise industry has weathered many others in the past.

U.S. hoteliers are finding their pricing options constrained because of an influx of both short-term rental supply during peak periods, and because of hotel construction. Hoteliers may decide to get into the short-term rental market or not, but they increasingly have to take it into account when fine-tuning pricing strategies.

Once again — and this time it's the issue of pricing transparency in alternative lodging — European regulators are out in front of their counterparts in other parts of the world, including those in the United States. Travelers shouldn't have to be detectives in trying to figure out what their lodging tab will be.

The reason that a person chooses McDonald's over Wendy's more often than not comes down to the money. Wherever that dollar can travel further, that's where the customer will go.

Disney shifted to seasonal pricing a couple of years ago, and the entertainment giant is drilling down even more with the latest changes. Visitors will likely grumble at the more complicated new system, but we don't expect Disney's business to suffer.

While the industries may be vastly different, the airline industry can learn a lot from the leading digital innovators out there when it comes to dynamic pricing strategies.