Rateshop Planner Usage Ideas

In this article WeYield presents a collection of potential use cases for our new self service rateshop planner module.

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…

What is the appropriate pricing action facing an exceptional social event?

As a matter of fact, the “gilet jaune” protest (yellow fluo jacket) currently happening in France has an impact on tourist perception of this country as a holiday destination, especially just before the Christmas gifts rush of December. But the hardest social protest is hitting La Réunion, a French island in the southwest of the…

Rule #5: Select the car groups to be shopped

Setting the appropriate car groups to be shopped depends on the target defined by the Business Analyst as well as the technical constraints brought by the data supplier. Some local data suppliers are present in almost all the markets. However they mostly operate for B-to-C business (rate shops provided to market place or price comparator…

Rule #4: Define the appropriate schedule to run the query

After the previous rules, another key element is : over what period of time should the user run the queries? This parameter is directly linked to their booking pattern by arrival dates and their advance booking. Anticipe the furthest possible the market watch to get alerted as ealy as possible. If most of the reservations are…

Rule #3: Fine tune rental duration and day-of-week

There is no efficient rate shop without a proper configuration of rental duration and a smart choice of day-of-week. To select them, you must analyze precisely your volume of business by departure day and rental duration both split by season (low, medium and high season) and by period (business or leisure). Do not forget to…