A weary traveler shows up at a hotel desk at midnight without a reservation. The desk clerk informs him that there is a room available, but sadly it is marked up 80% higher than the usual price. This is an example of promotional pricing.

Question

Quizplus · Accepted Answer

Promotional pricing typically involves reducing prices to attract customers, not increasing them. The scenario described is more akin to surge pricing or price gouging, where prices are raised due to increased demand or limited supply.

A Weary Traveler Shows Up at a Hotel Desk at Midnight