Definition
Kite Pricing refers to a pricing strategy where prices are set higher initially and then lowered over time, similar to how a kite rises and then falls. This strategy can be used in the travel industry for airfare or hotel bookings, with prices peaking during high demand and then gradually decreasing as the travel date approaches.
Common Misperceptions
Many believe that all travel prices will always drop closer to the date, when in reality, they may fluctuate based on demand and inventory, meaning early booking can sometimes secure the best rates.
Tag: Travel Hacks
