Dynamic golf pricing is something that is becoming more and more popular in the golf industry nowadays. Although this term is relatively common practice in other sectors, it is still gaining its footing in the golf segment, which is why a lot of people are asking what it is about.
To put it simply, dynamic pricing involves pricing the service or product according to the current supply as well as demand factors. For instance, a single bottle of ice water can cost $5 if it is 100 degrees outdoors or only $1 if it is only 40 degrees. On the other hand, that very same bottle of water can still be worth less even when on a 100-degree day in case you have 1,000 in stock and you are expecting a rainstorm or a cold front.