Here’s what causes crazy prices on Wayfair and Amazon
A recent conspiracy theory hinged on what seemed like absurd prices for cabinets sold by Wayfair. But there are many reasons web prices can be out of whack—and most of…
Dynamic
A Ride to the Airport Is Getting Cheaper. It’s Bad News for Uber and Lyft.
One of the long-standing concerns for the ride-sharing industry is that consumers see little to distinguish Uber Technologies from Lyft. Read full article here: www.barrons.com……
Pricing Optimization With Machine Learning: Is it Worth it?
In recent years, artificial intelligence (AI) and machine learning (ML) technologies have successfully penetrated many industries, ranging from healthcare to automotive. Read full article here: Pricing Optimization With Machine Learning:…
Meet The Startup Aiming To Solve Overtourism
GetYourGuide, an online travel company based in Berlin, is launching a new platform called “Beat the Crowds” — because crowds aren’t just an annoyance anymore, they’re a public health threat….
IHG Launches Dynamic Pricing, Enabling Great Award Redemptions Now
On May 29, 2020, InterContinental Hotels Group—better known as IHG—made a major change to its loyalty program. Instead of pricing award nights at the same rate for every night of…
Researchers find racial discrimination in ‘dynamic pricing’ algorithms used by Uber, Lyft, and others
A preprint study published by researchers at George Washington University presents evidence of social bias in the algorithms ride-sharing startups like Uber, Lyft, and Via use to price fares. In a…
Amtrak moves toward airline-style pricing on its lowest train fares
Amtrak passengers who pay for the lowest train fares will not be able to receive a refund if they cancel, and others will pay a fee for changes made within…
In the Race for Cheap Airfare, It’s You vs. the Machine
Travel providers now use software to re-price their offerings, sometimes dozens of times a day, putting travelers at a big disadvantage. Optimistic that you can easily find the best airfare…
Deliveroo to adopt dynamic pricing structure
Dive Brief: Deliveroo will start charging a service fee in February for every customer, including for those who are signed up for its unlimited free delivery subscription service, according to This is…
AI-Powered Dynamic Pricing Makes Businesses More Profitable
If you thought businesses show the same price tags to different visitors, you could be in for a rough awakening. Every business does certain things differently. Some strive to be…