This is called yield management and is how they manage to make the most money possible with the seats they have. (fjordsandbeaches.com)
Visitors learnt how this method satisfies current market demands for greater accuracy for labeling and process efficiencies, helping manufacturers to improve yield management due to the increased control they have throughout the production line. (eaglepi.com)
For instance, in the travel and hospitality industry, predictive analytics techniques have been used for acquiring customers in a cost - effective manner, for fine - tuning marketing offers that increase repeat - usage, and for increasing revenue through effective cross selling and better yield management. (inc.com)