What is static pricing?
What is static pricing? What is static pricing? Static pricing, also known as fixed pricing, is a price point manually set by a reseller that won't change.
What is an example of dynamic pricing?
One of the most prominent dynamic pricing examples lies in the airline industry. Airlines have long employed this strategy, adjusting their ticket prices according to demand, seasonality, and flight time. For instance, prices often spike during peak travel times and decrease during off-peak hours.
What is dynamic pricing for hotels?
Dynamic hotel pricing is a pricing strategy that tracks changes in travel demand and adjusts the room rates accordingly. It's a way of automating revenue management at a hotel by charging higher rates when demand increases and decreasing the rates when demand slows down.