Price per person, Tier, Volume, Group Dynamic Explained + Bonus hint
Travelotopos is a revolutionary booking system that offers a wide range of travel activities and things to do, all in one place.
Some of the core elements that set Travelotopos apart from other booking systems is its pricing intelligence tool. This powerful tool allows users to choose from a variety of pricing strategies, including Price Per Person, Tier Pricing, Volume Pricing, Group Pricing, Dynamic Pricing, and even combinations of these strategies.
Let’s take a closer look at each of these pricing strategies and how they can benefit both travel activity providers and customers alike.
Price Per Person
Price Per Person is a simple and straightforward pricing strategy that charges a fixed price for each individual participating in the activity or thing to do. This strategy is ideal for activities that have a set capacity or where the cost of the activity is the same regardless of group size.
Tier Pricing is a strategy that offers different pricing levels based on the number of people participating in the activity or thing to do. For example, a rafting company may offer different prices for groups of 2-4 people, 5-8 people, and 9-12 people. This strategy encourages larger groups to book together and can help increase revenue for activity providers.
Volume Pricing is similar to Tier Pricing but is based on the total quantity of activities or things to do that are booked, rather than the number of people participating. For example, a tour company may offer a discount for booking 3 or more tours at once. This strategy incentivises customers to book multiple activities simultaneously, increasing revenue for activity providers.
Group Pricing is a strategy that offers a fixed price for a certain amount of participants booking the same activity or thing to do. This strategy encourages groups to book together and can help activity providers fill their capacity quickly. For example, a cooking class may offer a fixed price for groups of 6 or more people, regardless of the number of people actually participating.
Dynamic Pricing is a strategy that adjusts prices in real time based on various factors, such as demand, seasonality, and availability. This strategy allows activity providers to maximize revenue by charging higher prices during peak season or for activities with high demand, while also offering lower prices during low season or for activities with low demand.
Combining Pricing Strategies
Travelotopos takes pricing intelligence a step further by allowing users to combine different pricing strategies. For example, Tier Pricing can be combined with Group Pricing to offer different prices based on group size and the number of people participating as well. Similarly, Volume Pricing can be combined with Group Pricing to offer discounts for larger groups booking multiple activities.
Travelotopos is a game-changer in the travel industry, offering a wide range of activities and things to do, all in one place, with a pricing intelligence tool that allows activity providers to maximize revenue and customers to get the best value for their money. With its ability to offer a variety of pricing strategies and combinations, Travelotopos is truly the ultimate booking system for travel activities and things to do.
In other words, with Travelotopos you can combine Fixed Prices with Tier Pricing as well as Volume Pricing with Fixed Prices. Now seriously, we support everything.