Facing a pandemia or a virus, how should I position my pricing?

There is no doubt that coronavirus, now known as Covid19, will hit the demand for travel in general and for car rental in particular. Forwardkeys has already measured in its last article a significant reduction of inbound and outbound Chinese passengers but also a slight decrease in overall travel. How will this new exogenous factor…

Challenges of rateshopping

In this article, WeYield summaries the challenges of collecting competitive pricing data and the factors you should consider when reviewing data suppliers. Key topics Why automated rate scraping is an important part of the pricing decision process In order to determine the best price for your product given your current sales performance, it is important…

Creating a more accurate tool to forecast the rental demand in the future

First step of making the best strategy is to accurately grasp the future market demand changes. In the field of car rental, the demand changes are complex, multifactorial influenced but also potentially regular. WeYield is always committed to providing customers with the most comprehensive information and analysis. Therefore forecasting of future demands is a huge…

“We need to talk, share practices, open our minds to new ideas!”

Why is Emmanuel Scuto, WeYield’s CEO, so committed to making yield manager peers meet together during a Yield management Forum?   Editor: There are already many conferences around the world talking about revenue management. Is there really a need for a new one? Emmanuel Scuto (ES): I have initiated to start a specific forum talking about…

New partnership with Wheels Car Rental System and WeYield

After years of cooperation, Wheels Car Rental System and WeYield apps are fully interfaced to improve added-value modules to the common offer of car rental operation optimization. Invensys has been releasing its brand new cloud version of its Wheels operating system. We have been working extremely hard to develop web modules of our Wheels software to…

How do I position myself in the yield management expertise scale?

And what if the number of hours dedicating to my optimization tasks would be a good indicator? It is a matter of the fact that I have to perform many tasks every day, every week throughout the year. And, even though I would like to be entirely dedicated to optimization actions, it cannot be. I…