Traditional Culture Encyclopedia - Hotel reservation - Does hotel dynamic pricing violate the principle of market fairness?
Does hotel dynamic pricing violate the principle of market fairness?
Do not violate. Hotel dynamic pricing does not violate the principle of market fairness. In the context of fierce market competition, in order to increase occupancy rates and revenue, hotels will use dynamic pricing strategies to adjust room rates according to market demand and supply, thereby achieving better revenue management. However, hotels use dynamic pricing methods to make huge profits and are suspected of fraud and harming the legitimate rights and interests of consumers, which violates the principle of market fairness.
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