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'Dynamic pricing could play a powerful role in addressing overtourism'

News
Marc Cornelius
1 November 2024

Dynamic pricing found its 15 minutes of fame this summer, and not in a good way. The very public hoo-ha over the astronomic prices of some Oasis tour tickets made this a red-hot consumer topic.

Paris, Eiffel Tower, France

All trains to and from Paris from London were cancelled (Credit: iStock/ Eva Katalin)

Frustrated fans who saw prices soar far above face value vented to the media about feeling fleeced. For many, dynamic pricing has become synonymous with exploitation and price gouging.

This perception is a problem for the travel industry. Airlines, OTAs and accommodation providers have long incorporated dynamic pricing into their business models, and adoption continues to spread.

The Oasis ticket sale, with its single source of supply, bears no relation to how the system operates fairly in the highly competitive travel market. Yet the stink risks tainting some of the trust travel businesses have worked so hard to earn from customers.