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Dynamic pricing involves processing multiple streams of data derived from any number of product, supply, location, customer, and external data points and adjusting to these changes in real time to reflect the perfect price for the given marketplace at that moment.
The cap on surge pricing would have been the first such law in the country.
The bill still needs the signature of Mayor Kirk Caldwell, whose administration appears to oppose it.
Win Rent offers 85 franchise locations in 64 Italian cities with a large variety of vehicles.
The online booking service will replace the model with Express deals, where customers can immediately book at discounted rates instead of bidding on rental cars.
An analysis of the conference calls of Avis Budget Group and Hertz Global Holdings reveal trends and initiatives involving fleet right sizing, pricing, ancillary revenue opportunities, and renting to ride-hailing drivers.
Andrew Pascoe, chief executive for MarginFuel, illustrates how New Zealand's tourism industry could benefit by strategic use of dynamic pricing.
When asked what is primarily responsible for the change in pricing in their market, only 4% of respondents chose ride hailing companies such as Uber or Lyft.
Auto Rental News is working together with Perfect Price, an artificial intelligence pricing company, to research how car rental companies manage pricing.