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I think this is actually common now. I'm often asked to make a deposit on a reservation when using Resy. I'm not aware that there is variable or dynamic pricin
by justinlkarr 3y ago
I think this is actually common now. I'm often asked to make a deposit on a reservation when using Resy.
I'm not aware that there is variable or dynamic pricing component to it, however. That's a great idea and something I bet they are considering.
In practice, dynamic pricing it is not a panacea. You still need to beat the arbitrage market. Charge too much: customers don't reserve. Charge too little: brokers snap it up.
- eternauta3k 3y agoAuction them off :)
- 1_1xdev1 3y agoOn Resy, at least, there is not dynamic pricing (though, in theory, restaurants can apply different deposit/cancel fees to different "reservation types", or different days. But nothing dynamic based on demand or anything)
- justinlkarr 3y agoThis is interesting. Are there restaurants doing this kind of variable pricing? I bet there are some eager GMs thinking about it.