In this article WeYield presents a collection of potential use cases for our new self service pricing pace report. Customers using the WeYield rate shopping module can now quickly and easily explore the price evolution of pickup dates based on their rateshopping history with us. So we decided to review some of the interesting tasks…
Category: Yield tips
Anticipating demand and getting insights are crucial nowadays, more than ever before
We had a recent discussion with one of our clients who informed us that his demand is currently going down a lot and this will require a price drop. So, before he acts on this decision, we took a look at the analytics available in the apps of WeYield. The conclusion was that the demand…
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…
Comment optimiser votre pricing à partir des jours fériés 2019
Le calendrier des jours féries est bon pour le segment loisirs en 2019. Il est temps de changer les prix maintenant.
7 tips to negotiate the volume rebates policy “proposed” by the brokers
WeYield tips to negotiate the new volume rebates policy “proposed” by the brokers
4 quick tips to optimize rental prices during peak event like Abu Dhabi F1 grand prix
No doubt that a Formula One Grand Prix is a big (very big) special event, gathering a lot of people from around the world. Optimizing such a sports event when you are a car rental operator is not an easy task. Here are some easy tips to maximize revenue and utilization. Tip1: analyze past results Before to…
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 #2: To get an efficient rate shop in car rental: Follow the “20/80”
Moving from a manual and time consuming market rate shop to an automatic one generate a big oxygen breath. All time spent by your business analyst to canvas all rates from so many web sites (.com, brokers and OTA’s) is now allocated to data analysis and pricing action. However, the mistake to avoid is to…