Drive Ancillary Revenue with AI-Driven Pricing. Deliver revenue-optimal prices that match customer willingness-to-pay and maximize ancillary spend.
Vendor
PROS
Company Website
Facts
- Leverage AI to tailor ancillary pricing to different customer segments
- Eliminate pricing errors that lead to suboptimal ancillary revenue generation
- Automate complex pricing rules, reduce manual work, and increase productivity
Use AI to Boost Your Ancillary Optimization Strategy
Customer Segmentation
Customer segmentation drives the recommendation of ancillary prices by considering a set of customer characteristics and trip related attributes
Reinforcement Learning
Convergence to optimal prices is ensured by the continuous learning cycle which updates the models based upon win/lose information for the offered ancillaries
Efficient Exploration
The AI models scientifically and systematically explore the price range to determine optimal price for customer segment while minimizing impact from exploration
Empowering eCommerce and Ancillary Teams
Real-Time Pricing Ensure the most relevant pricing by evaluating ancillary shopping requests in real-time
Data-Driven Learning Leverage the latest booking data to continuously enhance the AI models
Open and Modular Solution Seamlessly integrate PROS Dynamic Ancillary Pricing with third party booking and merchandising platforms
Conversion Optimization Perfect ancillary optimization strategies with A/B testing
Offer History Keep track of the dynamically generated ancillary offers
Minimal Human Intervention Liberate eCommerce and ancillary teams from time-consuming manual business rules management