Opinions expressed by Forbes Contributors are their own. I am a former merchandising executive and the founder of First Insight, a technology company that delivers what is now the world’s leading platform empowering retailers and brands to introduce the right products at the right price.
https://www.forbes.com/sites/gregpetro/2015/04/17/dynamic-pricing-which-customers-are-worth-the-most-amazon-delta-airlines-and-staples-weigh-in/
The fact that demand increases value is a time-tested market sentiment. However, there are times when the market goes too far, and government entities have had to come in to regulate certain dynamic pricing activities, such as price gouging. This practice raises prices to the point of being unfair.
http://www.moneycrashers.com/what-is-dynamic-pricing/
Dynamic Pricing. Share: Dynamic pricing is a pricing strategy in which businesses set flexible prices for products or services based on current market demands. The aim of dynamic pricing is to allow a business that sells goods or services online and/or via mobile apps to adjust selling prices on the fly in response to changing market demand.
https://www.tutor2u.net/business/reference/dynamic-pricing
Dynamic pricing, which is also commonly referred to as time-based pricing, is a type of price discrimination that companies use to change prices on the fly based on circumstances and estimated user demand.
http://www.moneycrashers.com/what-is-dynamic-pricing/
When Dynamic Pricing Makes Sense. There are times when dynamic pricing makes sense. You may experience this first hand while booking airline tickets during the peak travel season (i.e. increased demand) or paying additional fees for rush orders (i.e. buyer needs it fast and is charged more).
http://www.moneycrashers.com/what-is-dynamic-pricing/
dynamic pricing. The process of determining a product's value in commercial transactions in a fluid manner depending on current market conditions. Dynamic pricing is gaining ground among business owners compared to the more traditional fixed pricing method. Also called real time pricing.
http://www.businessdictionary.com/definition/dynamic-pricing.html
What is the meaning / definition of Static Pricing in the hospitality industry? Static Pricing is when a hotel keeps exactly the same selling rate at all times, regardless of the occupancy, market trends and marketplace demand. This is the opposite of dynamic pricing. Static pricing is considered an outaded practice in the industry as does not allow your hotel to actually have a pricing strategy and adapt its offer to demand and market trends in order to maximaze RevPar and GopPar.
https://www.xotels.com/en/glossary/static-pricing
This is known as dynamic pricing, and it has the potential to widen profit margins considerably for those retailers that can implement it effectively. This should have the attention of investors as margins in the retail sector are often thin, and the companies themselves rely on high sales volumes to stay profitable.
https://www.forbes.com/sites/gregpetro/2015/04/17/dynamic-pricing-which-customers-are-worth-the-most-amazon-delta-airlines-and-staples-weigh-in/
What is the meaning / definition of Dynamic Pricing in the hospitality industry? Successful hotels around the world aim for optimum profitability at all times. There are lots of things a hotel can do towards achieving this. One is for the Revenue Management Team to make Dynamic Pricing part of their overall strategy. Consortia/negotiated rates are no longer fixed (in some cases).
https://www.xotels.com/en/glossary/dynamic-pricing
Dynamic-pricing structures at the brands. Large hotel brands use best available rates, or rate levels, that vary based on demand. Simply put, hoteliers charge higher rates during higher demand periods such as holidays, citywides, or special events, or when demand is expected to come in strong.
http://www.hotelnewsnow.com/articles/21959/Making-the-move-to-dynamic-pricing
what is dynamic pricing definition
Dynamic pricing is a pricing strategy in which businesses set flexible prices for products or services based on current market demands.  