How Revenue Management Helped the Travel Industry Survive a Down Economy
Revenue Analytics is an Atlanta based firm offering revenue management to various industries. In their paper on the subject, written by company principals, the authors describe how revenue management has added millions to companies’ bottom line. The white paper says, “The remarkable thing about these profit improvements is that they typically come from existing products and often from existing sets of customers. The essence of this discipline is in understanding customers’ perception of product value and accurately aligning product prices, placement and availability with each customer segment.”
In a presentation in 2009, Dax Cross of Revenue Analytics suggested that businesses should not “take the market down” with their pricing strategies but “move with the market”. Cross asserts that a price set in a panic will be the price customers refer to in the future. Read more . . . . .
The 2012 Farm Bill will soon move to the Senate floor where Senator Jon Tester (D-MT) hopes to add a series of amendments to boost hunting, fishing and outdoor recreation.
Among the provisions Tester hopes to add are some bills already introduced, some with bipartisan support including:
• S. 901 which would authorize use of 1.5 percent of annual Land and Water Conservation Fund money to secure rights of way through private land to public lands for hunting, fishing and recreation;
• S. 1249, amends the Pittman-Robertson Act to allow states to devote more funding for the creation and maintenance of shooting ranges.
Tester/Thune Sportsmen Bill Attached to Farm Bill in the Senate
Senator Jon Tester (D-MT) and Sen. John Thune (R-SD) are trying to add the Sportsmen's Act of 2012 to the Farm Bill which the Senate is expected to pass after consideration of a number of amendments. Senator Tester’s bill varies significantly from the Sportsmen Heritage Act passed by the House, which calls on federal agencies to facilitate hunting and fishing activities on public lands and waives some of the environmental analyses and documentation requirements for those enhancements. The Senate already voted to end debate on the Farm Bill setting the stage for a floor vote on amendments.
According to Greenwire, Tester’s bill would include:
• S. 2282, to reauthorize the North American Wetlands Conservation Act, which leverages federal funding to acquire wetland habitats important to waterfowl, including migratory birds and ducks
• S. 901, the "Making Public Lands Public Access Act," which requires that 1.5 percent of annual Land and Water Conservation Fund money be spent on projects that secure rights of way or lands that open access to existing federal public lands currently restricted to hunting, fishing and other recreation.
• S. 1249, the "Target Practice and Marksmanship Training Support Act," which would amend the Pittman-Robertson Act to allow states to devote more funding for the creation and maintenance of shooting ranges.
• S. 2071, the "Permanent Electronic Duck Stamp Act," which would allow the Fish and Wildlife Service to offer waterfowl hunting permits via the Internet, expanding and making permanent a pilot program currently available to fewer than a dozen states.
The Tester/Thune bill also included authorization for continued use of lead shot and allows the import of polar bear trophies taken on Canadian hunts, which are also part of the Sportsmen Heritage Act passed by the House of Representatives. How the differences between these two bills will be reconciled will make for an interesting summer.
The Tester bill reportedly has support from the Congressional Sportsmen’s Caucus. NRA supports both bills according to reports. Ducks Unlimited and the Safari Club support the Sportsmen Heritage Act along with Representative Rehberg, who is running against Senator Tester in the fall election.
Transportation Bill with Van Regulation Study Requirement Most Likely on Hold until After the Election
The House and Senate are unlikely to agree on the Highway bill until after the election, according to statements made recently by Speaker Boehner. But that delay would require another extension of the funding authority, which sets up another showdown between the House and Senate over legislation. We are monitoring the situation since the bill contains a couple of provisions of interest to outfitters, including the requirement for a study on implementation of CDL for 9 to 15 passenger vans.
This Week's Online Class from eLearningU.com
SmartPhone Success: Getting More Productivity from Your SmartPhone Device
You know which apps are fun, but what apps and functions will help you turn your Droid, IPhone, and/or BlackBerry into a productivity workhorse? In this session, we'll discuss the apps and peripheral devices that help take your SmartPhone (and tablets) from "cool" to "critical" when it comes to productivity, time, project, people, and e-mail management as well as "remote" productivity.
Return to top.