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Tag: Pricing Science

What a “Price Vocabulary” Is, and Why Companies Need One | Harvard Business Review

What a “Price Vocabulary” Is, and Why Companies Need One | Harvard Business Review

The next time you visit a Costco warehouse store, observe the price tags. In addition to showing the cost of an item, Costco’s price tags encode unique information. The price endings, such as $8.99 versus $8.97, convey special meanings to the subset of shoppers who are literate in Costco’s price vocabulary. As one example, when […]

Hertz and Avis Double Down on Ridehailing Strategy | Skift

Hertz and Avis Double Down on Ridehailing Strategy | Skift

Car rental companies Hertz and Avis have been investing in technology and alternative services to weather the advent of ridehailing apps. Although the efforts are still in early stages, they show signs of growing success. The Hertz Corporation posted solid results Wednesday for the second quarter of 2019, driven by increased pricing from its three […]

Price Transparency – Again: Eating the Elephant In Little Bites | Forbes

Price Transparency – Again: Eating the Elephant In Little Bites | Forbes

The Trump administration appears bent on helping consumers gain better insight into their healthcare purchases, though painstakingly doing so one small bite at a time. As contemplated in an earlier article, “Why Healthcare Price ‘Transparency’ Is A Myth, And What Consumers Can Do About It”  (https://www.forbes.com/sites/jeffgorke/2019/01/23/why-healthcare-price-transparency-is-a-myth-and-what-consumers-can-do-about-it/#301c2bb97c3f), I offered that in 2018 the Centers for Medicare […]

Conservatives buck Trump over worries of ‘socialist’ drug pricing | TheHill

Conservatives buck Trump over worries of ‘socialist’ drug pricing | TheHill

Conservatives are growing increasingly uneasy with the Trump administration’s new drug pricing policy. President Trump is desperately seeking an elusive political win in his efforts to lower prescription drug costs, but he faces a hard sell to conservative groups and GOP lawmakers as he touts ideas traditionally favored by Democrats and presidential candidate Sen. Bernie […]

The Subscription Model Comes to Luxury Travel With Inspirato Pass | Bloomberg

The Subscription Model Comes to Luxury Travel With Inspirato Pass | Bloomberg

What does luxury travel now have in common with grocery shopping, music streaming, and shaving? The subscription model. In mid-July, Denver-based travel club Inspirato launched its Inspirato Pass, which allows customers to book unlimited stays in luxury vacation homes, as well as legacy five-star hotel brands such as Ritz Carlton, starting at $2,500 a month […]

Uber Eats trials new Dubai pricing structure that could hike delivery fees 140% | Arabian Business

Uber Eats trials new Dubai pricing structure that could hike delivery fees 140% | Arabian Business

Uber Eats is experimenting with a new delivery fee structure that sees its flat AED5 fee raised by up to 140 percent to AED12 for select customers in Dubai, depending how far a user is from a restaurant. An Uber spokesperson told Arabian Business delivery fees will be “more affordable” for users who order from […]

United Airlines Is Cracking Down on the Hidden-City Ticketing Trick | Condé Nast Traveler

United Airlines Is Cracking Down on the Hidden-City Ticketing Trick | Condé Nast Traveler

United Airlines fliers who work the booking system for cheaper flights could be in for a rude awakening: The airline is asking its employees to report customers who book using the so-called “hidden-city” ticketing trick to corporate security. A hidden-city ticket means a customer books a flight with a layover, but stops traveling after the […]

Confusing train ticket jargon axed as rail bosses aim to simplify pricing on 100,000 routes | VIVA Lifestyle Magazine

Confusing train ticket jargon axed as rail bosses aim to simplify pricing on 100,000 routes | VIVA Lifestyle Magazine

Changes being made by rail companies this week will mean jargon has been slashed on tickets, making it easier for passengers to buy and use the right ticket. Train companies will be making it even easier to get the right ticket for people travelling on over 100,000 routes by slashing jargon such as ‘Any Permitted’ […]

The trick that makes you overspend | BBC Worklife

The trick that makes you overspend | BBC Worklife

When you buy a cup of coffee, you might have noticed that of the three size options – small, medium and large – the medium-sized serving often costs almost as much as the large. Given the apparent bargain, have you ever opted for the biggest and most expensive option? If so, you have been nudged […]

Trump price transparency proposals take long bet on curbing costs | Modern Healthcare

Trump price transparency proposals take long bet on curbing costs | Modern Healthcare

Requiring hospitals to display their insurer-negotiated prices online likely won’t lower healthcare spending in the near term. But economists and other experts say it’s a worthwhile experiment in bringing transparency to one of the few industries in which patients often don’t know the cost of a service before they buy it. The Trump administration earlier […]