Posted on 02/27/2024 12:19:24 PM PST by DallasBiff
My understanding from those in the industry looking into this is that it actually works to try to get more food sold during off hours.
Therefore it gives discount incentives with a notification from the app, during off peak hours. Many of these places have just a couple of busy time windows, which makes staffing levels difficult to smooth out.
So the price will remain the same on the menus most of the time, but the incentives will primarily come through using discounts via the app.
Hmmm...sell short.
hospitality corporations all have giant “revenue management” teams now, all figuring out how to squeeze more money out of the consumer. Expect this everywhere.
I’ve seen enough videos of some blacks tearing up a fast food joint over silly issues to know how they might react to a $2 change in price of a burger because they went a different time of day.
Maybe they could sell burgers commodities Market style - a bid\ask system?
In the world of fast food, with the staging cabinets and all that, high volume is actually easier than low, low volume has a lot more waste. Logic would have the prices go down at noon. Now whether or not they’re logical...
Total lack of impulse control...............
Airlines already do it. Amazon does too to a smaller extent. But Airlines are the worst. Search a few times and watch fares go up right in front of your eyes.
“Welcome to AI”
On the one hand ....
I see a big pain in the behind, arguments, confusion ...
On the other hand ....
I can’t wait for the new utube videos ... it will be EPIC
” But Airlines are the worst. Search a few times and watch fares go up right in front of your eyes.”
Yes I have learned to limit my ticket searches as much as possible. Can save some $$$$ that way.
actually for gut rot food their 5 dollar biggy bag (now 5.50 er 6 bucks they must be busy) is hard to beat price wise.
One way to kill the surge is to have surge pricing.
Wendy's is certainly nothing special, they're not even a notch above McDonald's in my opinion. I quit going to them years ago, if they go bankrupt it's no skin off my back. They can only get you with this stuff if you're willing to eat their swill.
I just don’t go to them period. How about that?
Gone are the days where manufacturers charge a fair price based on all the input costs plus a profit.
Today, everything is based on what the market will bear: shoes, airline tickets, hotels, cell phones, and soon even a cheeseburger.
So, you end up paying $250 for a pair of shoes that cost Nike maybe $12 to make, in a sweatshop, with no real safety standards and EPA requirements.
“high volume is actually easier than low, low volume has a lot more waste.”
The problem is at lunch time the volume is too high and they have long lines. Not sure this will work but the idea is that they can have high volume (not too high) over a longer period of time.
Aware of this. I use throwaway emails and VPN with IP switching to beat this system.
There’s a better way to do it. See my above post.
As I see it, the biggest challenge will be introducing it in an industry that has never used it before. I wouldn’t be surprised if it gets introduced in locations along with the implementation of “no-cash” transactions. This eliminates the obvious problem of having the price change while customers are on line at the counter.
It helps that the sort of people who will pay $250 for a pair of Nikes are generally a product of our dumbed-down society.
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