In my experience, airline “price optimization” is wildly overblown a boogeyman tale.
Airlines price classes of seats individually. If one is sold, the next user sees a different price. A rule based system is fairly common. They’re not using RL or dynamic pricing algorithms. In fact, I’d wager most don’t have the technical expertise or even data (with the rise of meta-search) to do so.
Airlines price classes of seats individually. If one is sold, the next user sees a different price. A rule based system is fairly common. They’re not using RL or dynamic pricing algorithms. In fact, I’d wager most don’t have the technical expertise or even data (with the rise of meta-search) to do so.