dynamic pricing

noun

1. commerce offering goods at a price that changes according to the level of demand, the type of customer, or the state of the weather

Example Sentences

The change came after a spotlight was shone on various issues within online ticket selling including the use of dynamic pricing and tickets being resold by touts.

From BBC

"It goes back to supply and demand - dynamic pricing," says Sarah Johnson.

From BBC

Last month, Oasis announced they will ditch dynamic pricing for the American leg of their reunion tour, after it caused "an unacceptable experience" for UK fans.

From BBC

They’ve also made the decision to drop the problematic dynamic pricing model, a system that raises the price of concert tickets at times of high demand, after it created an “unacceptable experience” for fans wanting to attend the band’s U.K. and Ireland shows.

From Los Angeles Times

Oasis’ management on Monday released a statement confirming that Ticketmaster’s dynamic pricing model “will not be applied to the forthcoming sale of tickets to Oasis concerts in North America” to “hopefully avoid a repeat of the issues fans in the UK and Ireland experienced recently.”

From Los Angeles Times