Next Event: Thursday 7th March 2019
Revenue Management and Pricing International will be holding our next conference on Thursday 7th March2019.
We will be running the Retail Pricing Section Conference in parallel with the RMAPI Main Conference stream.
The venue is the Holiday Inn London Kensington Forum:-
The content of the Main RMAPI Stream will include presentations from:-
- Dr. Peter Belobaba
- Dr. Kalyan Talluri
- Andrea Forbes - Sykes Cottages & Dimitri Hiotis - Simon Kucher & Partners
- Phil Barden
- Paul Rose
We are in the process of firming up the running order, as well as the details of the Retail Pricing section agenda which will run in parallel.
Agenda item absgracts which have been firmed up include:-
Dr. Peter P. Belobaba
MIT International Center for Air Transportation
New Distribution Capability and Dynamic Pricing: Implications for Airline Revenue Management
“New distribution technologies (include IATA's NDC standard) will soon allow airlines to dynamically adjust prices based on the characteristics of each shopping request. In this presentation, we present a framework defining the different mechanisms already under development by airlines to take advantage of these new capabilities -- from "dynamic price adjustment" to "continuous pricing" and, ultimately, "dynamic offer generation".
We discuss the implications of these next-generation pricing mechanisms for traditional airline revenue management systems and models. Using results from MIT PODS simulations, we show how these dynamic pricing mechanisms can lead to revenue gains for implementing airlines, as well as potential impacts on competitors.”
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