Surge Pricing: What You Need To Know As A Consumer

Nilaadvika18 Nov, 2023Business

Surge pricing is when a company raises its prices on a festival day, rainy day, or during busy times (when many people want their service). They do this to control the number of people using their service and to use their resources more efficiently. Many well-known brands also use the idea of dynamic pricing. TOP BRANDS USING SURGE PRICING For ride-sharing: Uber and Lyft. In food delivery: DoorDash, UberEats, and Grubhub. In travel: Airbnb, Kayak, and Expedia. For ticketing: StubHub, Vivid Seats, and Ticketmaster. In retail: Amazon, Walmart, and Target. In the Airline Industry: American Airlines, and United Airlines Event venues such as Madison Square Garden, Ticketmaster, and StubHub.