Tag: Surge Pricing

The Grab effect, Brunch | THE BUSINESS TIMES

The Grab effect, Brunch | THE BUSINESS TIMES

Pink for surge pricing Danis Lou, passenger experience design lead, believes that design is key to problem-solving. He leads a team that is responsible for the look and feel, and user experience, of the Grab rider app. Recently redesigned, the app now boasts a softer colour palette that retains Grab’s iconic shade of green and […]

Uber, Lyft drivers pinched by higher gasoline prices | AFP

Uber, Lyft drivers pinched by higher gasoline prices | AFP

After a two-year dive, oil prices began recovering in spring 2016 and have stayed higher amid OPEC production agreements and rising global demand. The oil market has recently gotten a lift from the uncertainty generated by the US pullout from the Iran nuclear accord and by ongoing strife in Venezuela. Under the systems set up […]

Kolkata: Yellow cabs take tech route to fleece you | Times of India

Kolkata: Yellow cabs take tech route to fleece you | Times of India

Yellow cab driver Kapila Routh, who lives in Chowbagha, said, “Look at the diesel prices. At over Rs 70 a litre, do you think we can afford to drive cabs on meter? Most of us are struggling to make ends meet because we don’t own the cars. After paying our daily rentals to the owners, […]

How incentives in the gig economy put workers at risk | Philly

How incentives in the gig economy put workers at risk | Philly

Uber does not specifically introduce incentives to get drivers out in bad weather, said Danielle Filson, a spokeswoman for the company. But its surge pricing, where rates can balloon more than three times the baseline in the event of a situation like a snowstorm, acts as a de facto encouragement, since demand often increases in bad weather. […]

Broadway Sets Box-Office Record, Powered by ‘Hamilton’ and Springsteen | The New York Times

Broadway Sets Box-Office Record, Powered by ‘Hamilton’ and Springsteen | The New York Times

Dynamic pricing — the practice of varying prices to reflect consumer demand — is not new to Broadway. But this past season, producers became increasingly deft at it, and that’s why revenue is growing so much faster than attendance. Theatergoers generally pay a premium for a seat in the center orchestra. It often costs less […]

Grab: Price spikes due to higher demand, not absence of rival | BusinessMirror

Grab: Price spikes due to higher demand, not absence of rival | BusinessMirror

PRICE increases in Grab were borne out of the dearth in supply and increased demand, and not because it had no one to compete with, a company official said, belying the government’s claim that Grab had jacked up its prices due to its virtual monopoly in the ride-hailing market. Leo Emmanuel Gonzales, who heads the […]

Cheap rides are making Lyft less reliable | Quartz

Cheap rides are making Lyft less reliable | Quartz

Lyft spokesperson Campbell Matthews said in an email that ride wait times in New York City average around five minutes. “In times of high demand, passengers may see a higher ETA as we work to provide an affordable ride for passengers and earning opportunity for drivers,” she said. Uber co-founder and former CEO Travis Kalanick […]

Woman left gobsmacked after Uber journey to Wirral cost £90 after Champions League final | Liverpool Echo

Woman left gobsmacked after Uber journey to Wirral cost £90 after Champions League final | Liverpool Echo

The reply said: “Your trip was taken at a time when there was high demand for rides near your pickup location. “When vehicle supply gets tight, we raise fares to make sure partner-drivers are available to respond to your ride request quickly. We refer to this is as dynamic pricing or surge pricing. “Please be […]

PCC cites Grab price hikes, ‘decreased’ service quality after Uber acquisition | Inquirer Business

PCC cites Grab price hikes, ‘decreased’ service quality after Uber acquisition | Inquirer Business

Higher fares after Uber’s exit After Uber left the market last month, Grab imposed higher fares and more frequent surge-pricing “despite an increase in the supply of Grab drivers,” PCC said, noting Grab now has a 93 percent hold of the market after Uber drivers switched apps. The antitrust body based the post-acquisition price increase […]

Chandigarh: Shatabdi ticket prices surge by 50% due to airport closure | Hindustan Times

Chandigarh: Shatabdi ticket prices surge by 50% due to airport closure | Hindustan Times

With Chandigarh International Airport closed for runway expansion and rush of people heading out on summer vacation, travelling to Delhi on Shatabdi has been pinching pockets for the past nine days. Against the normal one-way fare of Rs 600, people are shelling out up to Rs 915 for the chair car ticket in the express […]