Tag: Price Discrepancies

Taxi concerns persist amid record year for tourism | Cayman Compass

Taxi concerns persist amid record year for tourism | Cayman Compass

Tourism businesses remain concerned about inconsistent pricing and lack of a reliable nighttime service from taxis. The Cayman Islands Tourism Association is also asking government to “revisit” the policy of allowing drivers to charge an additional 20 percent per passenger when there are more than three people in the cab. Concerns over pricing were raised […]

EU watchdog says pricing at derivatives reporting firms too opaque | Reuters

EU watchdog says pricing at derivatives reporting firms too opaque | Reuters

TRs can be accessed by regulators to see who is behind each trade. The aim is to apply lessons from the financial crisis when Lehman Brothers collapsed but it took time to find out who was exposed to the bank’s derivatives trades. ESMA reviewed fees charged by the TRs and in its report published on […]

Brace for costly Uber & Ola rides as K’taka ups base taxi fares | Moneycontrol.com

Brace for costly Uber & Ola rides as K’taka ups base taxi fares | Moneycontrol.com

The notification also prescribed a fixed charge for waiting – free for the first 20 minutes, and Rs 10 for every 15 minutes thereafter. Cars costing between Rs 5 and 10 lakh will attract a charge of Rs 52 for first four kilometres, with the same slab of dynamic pricing as in small car category. […]

ComfortDelGro to launch dynamic pricing fare option for its taxis from Jan 19 | The Straits Times

ComfortDelGro to launch dynamic pricing fare option for its taxis from Jan 19 | The Straits Times

An Uber spokesman said on Thursday that the company will share more details of UberFlash later on. He said: “We are excited about our partnership with ComfortDelGro to improve the overall transportation landscape, giving Singapore more choices to move around at the tap of a button.” Following ComfortDelGro’s tie-up with Uber, all 23,000 taxis in […]

New fares will leave passengers at the mercy of aggregators | The Hindu

New fares will leave passengers at the mercy of aggregators | The Hindu

The rules had specified that digital meters be installed in taxis. However, the notification is silent on this matter. “Some taxi aggregators had approached the High Court against the rules. Now the matter is sub-judice,” said Mr. Dayananda. Even taxi drivers have expressed discontent with the notification. “The notification will only benefit the aggregators. It […]

Surge Pricing Is Just The New Dynamic Pricing | PYMNTS.com

Surge Pricing Is Just The New Dynamic Pricing | PYMNTS.com

Surge pricing goes back ages, before it was even known by that name. Restaurants offer “early bird” discounts for diners willing to eat their meals before 6 P.M., for example. Tuesday night dinner discounts and lunch buffets are also a part of restaurant pricing history. One of surge pricing’s innovators is M. Douglas Ivester, the […]

BRAUN: Surge pricing made Monday’s power failure even worse | Toronto Sun

BRAUN: Surge pricing made Monday’s power failure even worse | Toronto Sun

This came from Lyft Communication Manager Campbell Matthews: “Due to the winter weather and the power outage, there were more people requesting Lyft rides this morning than there were drivers to provide them. We monitored the conditions, communicated with drivers, and encouraged them to get on the road. Still, this heightened demand caused some areas […]

Capping of air fares could raise prices: Government | newkerala news

Capping of air fares could raise prices: Government | newkerala news

New Delhi, Jan 6: The government on Saturday said that capping of air fares could “raise prices for the 98-99 per cent of the passengers”. The Ministry of Civil Aviation, in a statement, defended the domestic airline industry against the observations made by the Parliamentary Standing Committee on Transport which pointed to airline staff’s misbehaviour […]

Innovative companies have good reason to be optimistic | TTG

Innovative companies have good reason to be optimistic | TTG

The Payment Services Directive 2 changes will be important, and I have a feeling many travel companies are still undecided on their medium and long-term strategy and will watch the competition closely in a bid to give themselves the best chance to make the right strategic pricing move. Barclays’ travel customers in the luxury, adventure […]

Domestic airline industry follows global practice of dynamic pricing | Business Standard News

Domestic airline industry follows global practice of dynamic pricing | Business Standard News

Union Minister Jayant Sinha on Friday said the domestic airline industry follows the “global practice of dynamic pricing”. The Minister of State for Civil Aviation was defending the industry against the latest observations made by the Parliamentary Standing Committee on Transport which pointed to airline staff’s misbehaviour and over-pricing of air tickets. “Globally, airlines follow […]