Optimized pricing strategies that maximize revenue during high-demand periods while remaining competitive during off-peak times, resulting in higher overall profitability.
- Revenue during high-demand periods increased by 20-25%, maximizing profitability.
- Pricing competitiveness during off-peak times improved by 15-20%, boosting overall profitability.
Use Case
AI-based algorithms can forecast demand fluctuations by analyzing factors such as travel seasons, market trends, competitor prices, and local events, allowing companies to adjust pricing dynamically.