Tag #Dynamic Pricing

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forbes.com

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Sep 15, 01:16

VPNs and Travel Booking: Risks and Benefits of Masking Location

Using VPNs to mask location for cheaper travel deals is gaining popularity, but carries risks like potential booking cancellations and data security vulnerabilities with free VPNs.

VPNs and Travel Booking: Risks and Benefits of Masking Location

Using VPNs to mask location for cheaper travel deals is gaining popularity, but carries risks like potential booking cancellations and data security vulnerabilities with free VPNs.

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What are the immediate impacts of using a VPN to book flights and hotels?

VPNs can potentially lower travel costs by masking location and exploiting dynamic pricing algorithms. However, this practice may lead to booking cancellations if detected by travel websites.

forbes.com

🌐 85% Global Worthiness

Jul 18, 01:12

Delta's AI-Driven Pricing: Profit Boost or Trust Crisis?

Delta Airlines plans to increase AI-driven personalized ticket pricing from 3% to 20% by year-end, aiming to eliminate set fares entirely, raising concerns about fairness and transparency.

Delta's AI-Driven Pricing: Profit Boost or Trust Crisis?

Delta Airlines plans to increase AI-driven personalized ticket pricing from 3% to 20% by year-end, aiming to eliminate set fares entirely, raising concerns about fairness and transparency.

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What are the immediate implications of Delta's plan to expand AI-driven personalized pricing, and how might it affect customer perception?

Delta Airlines plans to increase the use of AI-determined pricing from 3% to 20% of tickets by year-end, aiming for completely individualized prices. This move, while potentially boosting profits, risks alienating customers who perceive it as unfair.

elpais.com

🌐 75% Global Worthiness

Apr 30, 19:21

Spain Investigates Ride-Hailing Price Gouging After Nationwide Blackout

Spain's Ministry of Social Rights is investigating potential price hikes by ride-hailing services (VTCs) during Monday's nationwide power outage, after user complaints in eight regions under emergency declarations where surge pricing is illegal; companies face fines up to €100,000.

Spain Investigates Ride-Hailing Price Gouging After Nationwide Blackout

Spain's Ministry of Social Rights is investigating potential price hikes by ride-hailing services (VTCs) during Monday's nationwide power outage, after user complaints in eight regions under emergency declarations where surge pricing is illegal; companies face fines up to €100,000.

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What are the potential consequences for ride-hailing companies in Spain that increased prices during the recent nationwide power outage, and what legal basis supports these consequences?

Following a widespread power outage in Spain, the Ministry of Social Rights, Consumption, and 2030 Agenda launched an investigation into potential price gouging by ride-hailing services (VTCs). This follows user complaints in regions under emergency declarations, where dynamic pricing is prohibited. Companies like Uber, Bolt, and Cabify face potential fines up to €100,000 or six times the extra profit.

theguardian.com

🌐 85% Global Worthiness

Apr 14, 10:09

Viagogo Faces Backlash Amidst Accusations of Facilitating Unlawful Ticket Resale Practices

Viagogo, a ticket resale platform, is accused of failing to prevent misleading and potentially unlawful practices, including speculative selling and incorrect ticket information, during a government consultation on new anti-touting laws; this has prompted calls for stricter regulations.

Viagogo Faces Backlash Amidst Accusations of Facilitating Unlawful Ticket Resale Practices

Viagogo, a ticket resale platform, is accused of failing to prevent misleading and potentially unlawful practices, including speculative selling and incorrect ticket information, during a government consultation on new anti-touting laws; this has prompted calls for stricter regulations.

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What immediate impact will Viagogo's failure to prevent misleading practices have on the government's planned anti-touting legislation?

Viagogo, a ticket resale platform, faces accusations of failing to prevent misleading practices despite ongoing government consultations on anti-touting laws. The platform's listings show evidence of speculative selling, where tickets are sold before being acquired, and inaccurate ticket information, potentially violating consumer laws. This has prompted outrage from music industry groups and calls for stricter regulations.

theguardian.com

🌐 75% Global Worthiness

Feb 9, 04:08

Ticketmaster Cancels Hundreds of Oasis Tickets, Citing Bot Purchases

Ticketmaster canceled hundreds of Oasis reunion tour tickets, citing bot purchases, causing significant financial losses for affected fans and prompting outrage and calls for refunds; the Competition and Markets Authority is already investigating the company.

Ticketmaster Cancels Hundreds of Oasis Tickets, Citing Bot Purchases

Ticketmaster canceled hundreds of Oasis reunion tour tickets, citing bot purchases, causing significant financial losses for affected fans and prompting outrage and calls for refunds; the Competition and Markets Authority is already investigating the company.

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How does this incident relate to the Competition and Markets Authority's ongoing investigation into Ticketmaster's practices?

Ticketmaster's cancellation of Oasis tickets, citing bot usage, highlights the ongoing conflict between fans and ticketing platforms. The incident resulted in substantial financial losses for affected fans and raises concerns about Ticketmaster's detection methods and customer service. The Competition and Markets Authority's prior investigation further underscores systemic issues within the ticketing industry.

theguardian.com

🌐 75% Global Worthiness

Jan 20, 13:13

Soaring Concert Ticket Prices Spark Debate on Fair Pricing

Oasis's reunion tour ticket prices increased dramatically due to dynamic pricing, sparking a debate about fair pricing in the live music industry, where costs are high and revenue distribution uneven, impacting artists and fans.

Soaring Concert Ticket Prices Spark Debate on Fair Pricing

Oasis's reunion tour ticket prices increased dramatically due to dynamic pricing, sparking a debate about fair pricing in the live music industry, where costs are high and revenue distribution uneven, impacting artists and fans.

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What are the immediate financial consequences for both consumers and the music industry arising from dynamic pricing models in concert ticketing?

Oasis's reunion tour ticket prices surged from £148.50 to £355.20 due to dynamic pricing, sparking outrage and a debate about fair pricing. Liam Gallagher's dismissive response further fueled the controversy. This highlights the growing tension between artists' financial needs and fan affordability.

forbes.com

🌐 85% Global Worthiness

Sep 4, 16:19

AI-Driven Pricing: Adapting to Consumer Needs in Volatile Markets

Amid rising inflation and supply chain instability, retailers are shifting from product-centric to customer-centric pricing models, leveraging AI to optimize prices based on consumer behavior and value perception.

AI-Driven Pricing: Adapting to Consumer Needs in Volatile Markets

Amid rising inflation and supply chain instability, retailers are shifting from product-centric to customer-centric pricing models, leveraging AI to optimize prices based on consumer behavior and value perception.

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What specific advantages does AI offer in implementing a customer-centric pricing strategy?

AI enables retailers to analyze vast datasets, including cross-product relationships, regional preferences, and seasonal patterns, to create nuanced pricing recommendations. Unlike traditional methods, AI models can predict how various price changes affect different customer segments, optimize pricing across an entire product range, and continuously adapt to evolving consumer preferences.

forbes.com

🌐 75% Global Worthiness

May 15, 19:11

B2B Companies Embrace Flexible Pricing Models Amidst Market Volatility

Rising inflation, supply chain disruptions, and tariffs are forcing B2B companies to transition from static to flexible pricing models, leveraging technology and data analytics to adjust prices in response to market changes and improve profitability.

B2B Companies Embrace Flexible Pricing Models Amidst Market Volatility

Rising inflation, supply chain disruptions, and tariffs are forcing B2B companies to transition from static to flexible pricing models, leveraging technology and data analytics to adjust prices in response to market changes and improve profitability.

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Decent Work and Economic Growth

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What are the long-term implications of adopting flexible pricing models for B2B companies in an increasingly volatile and unpredictable market?

Success in implementing flexible pricing hinges on overcoming challenges like antiquated processes, low-quality data, lack of data science skills, and sales team resistance. Companies must systematically improve their processes, invest in data quality, develop data science expertise, and foster trust and transparency within the sales organization to realize the full potential of flexible pricing.

elmundo.es

🌐 75% Global Worthiness

Apr 30, 22:13

Spain Investigates VTC Surge Pricing After Nationwide Power Outage

The Spanish Ministry of Social Rights is investigating potential price gouging by VTC companies during a nationwide power outage on Monday, a practice prohibited by a 2024 consumer protection law; Cabify claims it suspended surge pricing.

Spain Investigates VTC Surge Pricing After Nationwide Power Outage

The Spanish Ministry of Social Rights is investigating potential price gouging by VTC companies during a nationwide power outage on Monday, a practice prohibited by a 2024 consumer protection law; Cabify claims it suspended surge pricing.

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What are the immediate consequences of the Spanish government's investigation into potential price gouging by VTC companies during the recent power outage?

Following a nationwide power outage in Spain, the Ministry of Social Rights, Consumption, and 2030 Agenda has launched an investigation into potential price gouging by VTC companies (like Uber and Cabify) in regions that declared a state of emergency. This practice is prohibited by a 2024 consumer protection law, forbidding surge pricing during emergencies. The ministry states that violations could result in fines up to \$100,000 or six times the illicit profit.

elpais.com

🌐 85% Global Worthiness

Mar 14, 19:15

Spain to Regulate Dynamic Pricing Algorithms to Protect Consumers

Spain will regulate dynamic pricing algorithms used by ride-hailing apps, online retailers, and airlines to ensure transparency, prohibit discrimination, and prevent exploitation during emergencies, following a similar decree after the Valencia floods.

Spain to Regulate Dynamic Pricing Algorithms to Protect Consumers

Spain will regulate dynamic pricing algorithms used by ride-hailing apps, online retailers, and airlines to ensure transparency, prohibit discrimination, and prevent exploitation during emergencies, following a similar decree after the Valencia floods.

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What specific discriminatory pricing practices are targeted by this regulation, and how will it enforce transparency in price-setting algorithms?

The regulation mandates clear price explanations to consumers, prohibiting discriminatory pricing based on factors like disability or race, and preventing price increases linked to emergencies. It aims to democratize economic relations and ensure fair, transparent exchanges.

bbc.com

🌐 75% Global Worthiness

Feb 5, 01:10

Ticketmaster Defends Pricing Practices Amidst UK Parliament Inquiry

Ticketmaster UK's CEO defended his company's pricing practices before the UK Parliament, stating that event organizers, not Ticketmaster, set ticket prices, amid an ongoing investigation into whether they violated consumer protection laws during the Oasis reunion tour.

Ticketmaster Defends Pricing Practices Amidst UK Parliament Inquiry

Ticketmaster UK's CEO defended his company's pricing practices before the UK Parliament, stating that event organizers, not Ticketmaster, set ticket prices, amid an ongoing investigation into whether they violated consumer protection laws during the Oasis reunion tour.

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How does Ticketmaster's relationship with Live Nation affect its pricing practices and market competitiveness?

Parsons' testimony follows criticism of Ticketmaster's dynamic pricing for Oasis reunion tour tickets. While Parsons claims Ticketmaster does not manipulate prices, the band themselves distanced themselves from the pricing decisions. The Competitions and Markets Authority (CMA) is investigating whether Ticketmaster violated consumer protection laws regarding these sales.

forbes.com

🌐 85% Global Worthiness

Jan 9, 13:10

AI's Transformative Impact on Telecommunications

AI is revolutionizing the telecommunications industry by optimizing network performance through predictive maintenance and real-time issue resolution, enhancing customer service via AI-powered chatbots, and personalizing marketing campaigns based on individual usage patterns, ultimately improving ef...

AI's Transformative Impact on Telecommunications

AI is revolutionizing the telecommunications industry by optimizing network performance through predictive maintenance and real-time issue resolution, enhancing customer service via AI-powered chatbots, and personalizing marketing campaigns based on individual usage patterns, ultimately improving ef...

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Industry, Innovation, and Infrastructure

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How does AI improve the efficiency and reliability of telecommunication networks?

AI significantly enhances telecommunication systems, optimizing network performance and improving customer service. AI-powered predictive maintenance minimizes outages, while AI-driven chatbots provide instant customer support, reducing wait times and improving issue resolution.

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