Demand-based pricing sort of pricing are the airlines most likely using to determine how much they will charge customers at this time.
How is demand based pricing implemented?
Some demand based pricing strategies include: Price skimming: Setting a high price initially , in an attempt to increase demand, then gradually lowering the worth so the item can reach more consumers. Price discrimination: Offering identical products at different price points supported changes in demand.
Why is demand based pricing important?
Demand Based pricing may be a strategy which will help increase revenues in the demand months to drive growth of the company. If the increase in demand of the product is not marked with increase in revenue, this is able to become opportunity loss for the company.
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