Course Name:
Dynamic Pricing & Revenue Management
Duration:
4 Days
Scope:
Airline Management
Conducted By:RTC
How Will I Benefit?
Register Two months before any RTC course's starting date and enjoy a 20% discount of the Early Bird offer.
- Gain a competitive advantage with this advanced course on airline revenue management (RM) concepts
- Learn about quantitative models that capture consumer behavior and market uncertainty that are key ingredients for revenue management problems
- Learn how to maximize your revenue by achieving a balance between demand, reservation scheduling and variable pricing.
- Evaluate the different revenue management systems currently available; analyze inventory control, pricing issues and recent trends
Who Should Attend?
- Participants should have at least 2 years of experience in revenue management or similar
Course Contents:
- Pricing approaches / dynamic pricing
- Fare integrity through booking class assignment
- Determination of the right business rules
- Flight categorization
- RM systems (leg-based / O&D-based): forecast and optimization
- Handling market changes: calibrate and influence RM systems
- Overbooking and denied boarding
- Cancelations and decrementing
- Spiral-down effect in RM systems
- Connecting traffic principles (Bid pricing vs. bucket control)
- How to react to competitor behavior