The problem with dynamic pricing is that each customization affects the others. If I add to seasonality impact it affects the weekend impact. Demand impact not only affects the others, but demand is a reflection of weekends and seasonality. So it is almost a fiction that you can take these apart. And then there is the base price. For highly seasonal vacation spots, picking a base price is very problematic and almost arbitrary.
I think we are fooling ourselves. I wonder how many people have prices in mind and move the different factors around to get to the price they want rather than have the options get them to the βrightβ price.
Is there anything that Hospitable can do to make price dynamics more truly useful?
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Dynamic Pricing
2 days ago
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Backlog
π‘ Feature requests
Dynamic Pricing
2 days ago
Get notified by email when there are changes.