Tuesday, September 04, 2012

Early Bird Specials

This is a good development.
While airlines and hotels have figured out how to vary prices to fill flights and rooms, restaurants’ methods have largely remained in the icebox age. Now, some restaurants are borrowing a tactic from other hospitality businesses and charging different prices for meals at different times.

It isn't all good. I think complicating pricing systems has a cost - consumer confusion and uncertainty - but as the article outlines you can do it in ways that minimize this issue.