How Major Events Affect Price Setting In Hotel Booking 🍾
Event-driven pricing is transforming the hotel industry by adjusting the booking price rates based on major nearby events. This strategy gains traction as it maximises revenue during high-demand periods. Hotels can charge higher rates when demand peaks and strategically offer last-minute discounts to fill remaining rooms….
What You Should Know About the Current Electric Vehicle Price Trends ⚡️
Changes are happening fast in today’s electric vehicle (EV) business. New players, dropping prices, and competitive strategies redefine the landscape. Imagine it as a bustling marketplace where new shops pop up, prices fluctuate, and everyone competes for attention. These electric vehicle market dynamics and price trends…
Analysing Telstra’s Shift to Value-Based Flexible Pricing Strategy 🛜
Telstra has recently introduced a new pricing strategy, shifting to a flexible, value-based approach. This transition moves away from the traditional CPI-linked model. By adjusting prices based on perceived customer value, Telstra aims to better meet customer needs and respond to market conditions. Ultimately, this strategy…
How Surge Pricing Can Define the Future of Cruise Line Industry 🛳️
The cruise industry traditionally uses fixed-rate pricing for stability but lacks flexibility. Recently, giants like Royal Caribbean have shifted to surge and dynamic pricing models. This evolution is crucial to understanding the industry’s current and future landscape. Surge pricing offers new opportunities to meet changing market…
What Is The New Trend In Dynamic Pricing For E-Commerce Businesses 🔮
What is the new trend in dynamic pricing? As e-commerce improves, we see the use of dynamic pricing methodology changing too. For example, rather than solely changing prices in response to supply and demand, we are now seeing more dynamic pricing systems also varying prices according…
