Tag: Price Changes

Luxury London Restaurant Will Tailor Pricing According to Customer Demand | Eater London

Luxury London Restaurant Will Tailor Pricing According to Customer Demand | Eater London

It’s a bold move from an institution clearly aware of its status, willing to compromise something of its exclusivity, as owner Leonid Shutov notes: “To stay competitive, we need to be able to serve people a fantastic lunch without charging ridiculous prices … One of the ways of doing that is ensuring a more even […]

Striking the right balance in fuel pricing | Punch Newspapers

Striking the right balance in fuel pricing | Punch Newspapers

The acute fuel shortage experienced during the last festive season may have abated but the major issue remains: How best to address the challenge of appropriate fuel price that guarantees adequate supply without much damage to the economy. With the international crude oil price likely to stay above US$50 per barrel in 2018 (thanks to […]

MakeMyTrip: We didn’t want to compromise on market leadership: MakeMyTrip, CEO, Rajesh Magow | The Economic Times India

MakeMyTrip: We didn’t want to compromise on market leadership: MakeMyTrip, CEO, Rajesh Magow | The Economic Times India

At a time when our focus was to drive hotel business from a growth perspective really aggressively, the market dynamics changed with the Ibibo group taking to a very aggressive pricing strategy in terms of acquiring customers in the hotel space and were more volume-focused. This was about a year before the merger. In this […]

Nokia 6 (2018) Vs Xiaomi Mi A1 Vs Moto G5s Plus, Specs, Price | iGyaan

Nokia 6 (2018) Vs Xiaomi Mi A1 Vs Moto G5s Plus, Specs, Price | iGyaan

HMD Global’s pricing strategy for its mid-range and budget smartphones in India has baffled everyone. The Nokia 6 was launched in India in early-2017 and was heavily panned for its excessive pricing. However, it appears that HMD Global has learned its lesson and will be willing to rectify such costly errors with its new budget […]

Entrepreneurial Brothers From Algeria Launch Dynamic Pricing Food Delivery App In NYC | Forbes

Entrepreneurial Brothers From Algeria Launch Dynamic Pricing Food Delivery App In NYC | Forbes

The 5-person Gebni team works remotely or in the renovated basement communal room of the Merzouk brothers’ apartment building in Bedford-Stuyvesant, Brooklyn, amid a red pool table and minimalist sofas. They recently received a second round of funding, they’re not making the amount public; the first round was $150,000. They add that the Gebni app […]

‘Fares hiked due to higher demand’: Pricing algorithms threaten to tip fine balance between consumer protection, market competition | FirstPost

‘Fares hiked due to higher demand’: Pricing algorithms threaten to tip fine balance between consumer protection, market competition | FirstPost

One such manifestation of such technological developments as indicated in the Vidhi Report are pricing algorithms. Such pricing algorithms are commonly employed by online businesses, particularly in airline, hotel booking and road transport industries, which heavily rely on sophisticated pricing tools to determine and update their prices. For instance, it is common to experience surge […]

MarginFuel raises cash in bid to bring dynamic pricing to rental vehicles | Stuff.co.nz

MarginFuel raises cash in bid to bring dynamic pricing to rental vehicles | Stuff.co.nz

Andrew Pascoe, who previously worked for Air New Zealand and has also worked on dynamic pricing models for companies including Interislander owner Kiwirail, now heads MarginFuel, a small Wellington operation that offers a cloud-based product mainly targeting rental vehicles. “Rental car operators have a huge amount of price points live in the market at any one […]

Starbucks cracks Chinese culture to succeed | WARC

Starbucks cracks Chinese culture to succeed | WARC

“In order to climb up the hierarchy, however, you needed to internalise the rules of that hierarchy. You need to advance by mastering convention, not bucking against tradition… this is the core unifying tension in China that brands need to resolve, in order to charge a price premium,” he said at the recent Mumbrella360 Asia […]

TPG has jumped on new NBN pricing and released its typical evening speeds | finder.com.au

TPG has jumped on new NBN pricing and released its typical evening speeds | finder.com.au

When NBN Co announced its new NBN pricing strategy this morning, which is designed to get more consumers to switch to 50/20Mbps plans, it did so by dropping the access price that providers pay for those plans, with the expectation that ISPs would switch plan pricing around for consumers. TPG is the first cab off […]

Use stabilisation levy to build strategic stocks, not as ‘subsidy’ | Graphic Online

Use stabilisation levy to build strategic stocks, not as ‘subsidy’ | Graphic Online

He told the Graphic Business in an interview that the country would be better off if the government continued to use the PSRL to build up strategic stocks to stabilise prices. He was speaking to the paper on the pros and cons of a recent directive by the Ministry of Energy (MoE), asking the NPA […]