Disney World guests may be upset over increased ticket prices, but in the eyes of Disney chairman and CEO Bob Iger, the company’s pricing strategy is working. During the earnings call covering Disney’s second quarter of its fiscal year, Iger said the current approach is “really paying off” as the parks add new attractions. “I […]
Only months before the opening of its $1-billion Star Wars expansion, the Disneyland Resort announced price increases of up to 25% for daily tickets, annual passes and parking. The increases, which took effect Sunday, come less than a year after the resort adopted price hikes of up to 18%. Under the latest increases, the cheapest […]
On Friday, Disney is offering guests a chance to experience Pixar Pier a day before it opens to the public. The catch? Admission is $299 to spend six hours in the land. The Pixar Pier special event allows guests to experience the attractions, sample food from the land, and shop in the many stores, all […]
MORE than 60 chain stores and restaurants in Shanghai’s two airports and Disneyland on Wednesday vowed to keep prices on par with those in their other outlets in the city, following pressure from Shanghai’s price regulator. The Shanghai Development and Reform Commission said that it had received a great deal of consumer complaints that dining […]
Until recently, most businesses changed their prices once or twice a year, usually when they printed new catalogs. As recently as a decade ago, even cutting-edge, upstart online retailers like Amazon didn’t change their prices all that much. In one study, for example, marketing scientists Mark Bergen, Robert Kauffman and Dongwon Lee analyzed book prices […]
Other parks are inching toward demand pricing as well. Legoland in Florida offers flexible date pricing beginning at $84 but provides a $13 discount for purchasing tickets two to six days in advance. The SeaWorld parks do not have demand pricing across the board but they do offer discounts for low demand days at Discovery […]
No one likes price hikes, but in the case of dynamic pricing, demand-based price lifts and dips could give you more bang for your buck. The Wall Street Journal reported that Disney DIS, +0.49% is considering implementing peak prices when demand is at its highest at its theme parks to help manage overcrowding. The […]
Since early 2012, the mobile company Uber—a ridesharing app that helps consumers request cabs and other transportation services with their smartphones—has employed a form of price gouging known as “surge pricing.” The controversial and often costly practice uses an algorithm to increase the price of service during peak hours—when there’s high demand and low supply. […]
Effectively, Disney is offering its Premium pass holders a choice: accept a 35 percent price increase to keep coming to parks whenever they want or take a much smaller increase but be blocked out during the holidays. If Disneyland can entice a significant percentage of its Premium pass holders to switch to the Signature and […]
As Disneyland ponders how to deal with hordes of visitors during peak seasons, it raised the prices of annual passes on Sunday, introducing one that costs more than $1,000. In the biggest change, Disney stopped selling a pass that let users attend its two Anaheim theme parks any day of the year, replacing it with […]
Why The Fed Needs To Pay Attention To The ‘Amazon Effect’ On Online Pricing | Forbes
It’s no secret that fierce competition from Amazon puts downward pressure on prices charged by Walmart and other big multichannel retailers for the same items. However, the bigger “Amazon effect” relates not to the prices themselves but to the pricing behaviors of these more traditional retailers, according to Alberto Cavallo, the Edgerley Family Associate Professor […]
PND is a digest of pricing focused news, thought leadership, events, jobs, training and certification resources for pricing professionals. This Edition is brought to you by: Professional Pricing Society Currently, PPS produces three major annual pricing conferences in Europe and North America. Each conference also houses a technology hall where sponsors display the latest in Pricing […]
This Week in Pricing > 5/18/19
TWIP is a digest of pricing focused news, thought leadership, events, jobs, training and certification resources for pricing professionals. This Edition is brought to you by: The Perfect Price AI platform makes millions of pricing decisions for forward-thinking companies around the world. Our cloud-based service allows customers to quickly anticipate and react to changes in demand in […]
A new study sparks a war of words over pharma’s commitment to research | STAT
WASHINGTON — A coalition of the drug industry’s fiercest foes is accusing the world’s top drug makers of hiding behind research and development “as an excuse for price-gouging American patients.” And they’re pointing to a new study that finds drug makers spent about 22% of their revenues on research and development in 2017 to prove […]
Drug court to try firms refusing to cut prices | The Express Tribune
ISLAMABAD: The government is expected to take up the issue of hike in drug prices at its next cabinet meeting while it intends to move the drug court against all those pharmaceutical companies who refuse to lower prices of their medicines in line with the recent policy decision of the government. This was disclosed by the […]
Connect
Follow via RSS feed or on the following social media platforms.