Revenue management: The art and science of predicting real-time customer demand and optimizing the price and availability of products to match that demand.

Source:https://welcome.expediagroup.com/en/resources/revenue-management-resources-tips-and-help/hotel-revenue-management-glossary-jargon-and-common-terms

Article:https://www-nytimes-com.cdn.ampproject.org/v/s/www.nytimes.com/2021/12/22/travel/frequent-flier-miles-airline-status.amp.html?amp_js_v=a6&amp_gsa=1&usqp=mq331AQKKAFQArABIIACAw%3D%3D#aoh=16401870360909&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Fwww.nytimes.com%2F2021%2F12%2F22%2Ftravel%2Ffrequent-flier-miles-airline-status.html

Quote: In this economic model, he explained, Delta might offer more Basic Economy seats on lightly trafficked flights to try to win over price-sensitive travelers. They also use revenue-management models to take them away when they know they can sell the higher price seats. During the busy pre-Christmas week, for example, I found some routes without the Basic Economy class entirely, which returned in January.