Yielding Up: A Deep Dive on Dynamic Pricing & Revenue Management
10/12/2022 10:30 AM PDT*
Information
Revenue management may be standard practice in other parts of travel, but it’s still early days in tours and attractions, with less than 1% of attractions engaging in dynamic pricing. This extended workshop assembles pricing experts with real-world attraction examples and goes in-depth on pricing strategy, dynamic pricing approaches and best practices, and helps attractions and large operators lay the groundwork for increasing their yield with dynamic pricing. Topics include:
- Defining dynamic vs. variable pricing
- Who should (and should not) consider dynamic pricing?
- How does an organization get started?
- What are the building blocks for a dynamic pricing strategy?
- What signals do you use to set your dynamic pricing rules?
- When do you increase, when do you discount?
- How do you work with distribution partners?