Everything You Need to Know About Surge Pricing for Restaurants

biriyani-chicken-cooked-1624487Everything You Need to Know About Surge Pricing for Restaurants

At ASTRALCOM, we see time and again that digital disruption is industry-agnostic. Perhaps it shouldn’t be surprising that innovation from Uber is suddenly having an impact on the food & dining industry. A recent article in Food & Wine spells out everything that’s changing – and calls into question the novelty of surge pricing as a model.

Dynamic pricing has informed the way that many sectors have matched supply and demand. The travel industry, for instance, cranks up prices during key travel moments when demand increases. Airlines and hotels have engaged in the practice for decades. Similarly, the idea of adjusted pricing has been in effect in restaurants in a more subtle way through the use of time-of-day and holiday menus.

So what does surge pricing for restaurants actually entail? Through the efforts of reservation systems and data providers such as OpenTable and Tock, restaurant visits can be treated like a ticket. As demand and desirability go up during peak times, so do prices.

Should your restaurant work dynamic pricing into its model? While this is still an emerging trend, ASTRALCOMM is interested in helping you navigate toward an audience-centric approach. Reach out to learn more about our digital marketing expertise.

Richard Bergér is the VP of E-Business for ASTRALCOM, an integrated media services company located near Los Angeles, California. Richard draws on his military and psychology backgrounds to create pervasive content strategies, motivating conversion tactics and targeted audience acquisition for clients. Connect with Richard via his LinkedIn profile.

Subscribe to post updates via email straight from our E-Business Digest, Join our audience:

Your Email Address:  

Comments are closed.
* required

Sorry, but ASTRALCOM no longer supports the IE7 browser. Please upgrade.

FREE Digital Marketing Q&A!

Schedule a FREE 20-minute digital marketing Q&A session with Richard via phone.
You’ve got questions and Richard has the answers.