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Hello, everybody.
Welcome to roundtable.
Coming to you from Beijing.
I'm he young.
Good as always to have you join us on today's show.
Dynamic pricing means prices change based on demand or customer type.
Think airlines and hotels.
But now folks in a number of countries wonder, are we ready to see moving price tags at restaurants?
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For Todays program, Im joined by Shin Yu in the studio and Josh Cotterell on the line.
First on Todays show, weve all been there.
The sudden spike in flight prices when booking last minute, the premium on a snug hotel room during peak seasons or that rainy day ride with Didi or Uber that leaves us feeling a bit lighter in the wallet.
But now a new wave is rolling in, and the effects of dynamic pricing are extending beyond travel, seeping into the dining experiences in a number of countries.
So, Xinyu, let's go to you first.
Please explain this concept of dynamic pricing.