Dynamic pricing logic

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 β€œright” price.

Is there anything that Hospitable can do to make price dynamics more truly useful?

Please authenticate to join the conversation.

Upvoters
Status

Backlog

Board

πŸ’‘ Feature requests

Tags

Dynamic Pricing

Date

2 days ago

Subscribe to post

Get notified by email when there are changes.