Wednesday, February 28, 2024

Some Restaurants Are Already Using Surge Pricing

From the New York Post, February 28:

....Los Angeles-based Sauce Pricing — a startup backed by founding members of Sweetgreen, Uber, Airbnb and several private equity firms — said restaurants “have the opportunity to increase item prices by 10% to 20% during the lunch rush so customers might pay an extra $1 to $2 for a $10 item,” according to a blog post on its website.....

....MUCH MORE

Related, February 28: Wendy's scrambles to 'clarify' plans for 'dynamic pricing' after outrage over 'peak' menu changes

Unrelated, February 26:

Customer charged $1K for Subway sandwich, can’t afford groceries — and still hasn’t gotten refund