PROS Optimizes Pricing Systems at Upcoming Pricing and Revenue Optimization Conference
HOUSTON / Sept. 5, 2001--PROS Revenue Management, the world's leader in pricing and revenue optimization science and software, and the pioneer and dominant provider of revenue management to the airline and energy industries, today announced a comprehensive showcase of its new Pricing Optimization Solutions at its upcoming 9th Annual Pricing and Revenue Optimization Conference, Nov. 4-8, 2001, in Houston.
An introduction to pricing optimization and several workshops, panel discussions and training groups will be offered at the conference, with industry leaders offering topical presentations on pricing optimization expertise and best practices.
"Today in most companies, pricing is a manual process that can be slow and time consuming," says Jeff Robinson, PROS' director of business development. "Robust scientific price optimization is seldom applied, even in today's modern marketplace, and as a result there is room for improvement. PROS Pricing Optimization System is an advanced analytical tool built for business people that allows companies to dramatically improve profitability through dynamic market response and optimal price determination. PROS Pricing Optimization System delivers optimal price recommendations across multiple distribution channels and multiple time periods to achieve maximum profitability within the constraints of business objectives and market dynamics. It optimizes based on forecast of demand sensitivity to changes in price and other demand determinants, such as channel, geography and product type."
Join industry colleagues, academics and representatives from the international business community at large to discuss relevant topics specific to the airline industry and to the practice of revenue management. This year's scope is broadened to include separate sessions related to other industries benefiting from revenue management, such as energy, cargo, broadcast, healthcare, hospitality, rental car and rail. There will also be special emphasis on Pricing Optimization as it relates to industries such as financial services, chemical, high-tech manufacturing and telecommunications.
More information and formal invitations are coming soon. In the meantime, if you have further questions or if you are interested in speaking at this event, joining discussions as a panelist or becoming a sponsor, please contact
PROS Revenue Management is the world's leader in pricing and revenue optimization solutions and the pioneer and dominant provider of revenue management to the airline industry. PROS provides system solutions to the airline, cargo, rail, energy, healthcare and broadcast industries, and has delivered over 210 systems to more than 80 clients in 37 countries. PROS' clients include 15 of the top 25 carriers in the airline industry.
The PROS mission is to maximize the revenue of each client using PROS' world-leading revenue management science, systems solutions and best practices business consulting. PROS' clients report annual incremental revenue increases of 6-8% as a result of revenue management. PROS' solutions forecast demand, optimize inventory and provide dynamic pricing to maximize revenue.
Founded in 1985 in Houston, PROS Revenue Management has a six-year compounded revenue growth of 40%, in large part due to the intellectual capital of its staff. Nearly half of PROS' professional staff has advanced degrees and the staff speaks a cumulative total of 26 languages. The company is profitable with Year 2000 revenue of $29 million. For more information on PROS Revenue Management, please visit