give me the example and sample of hire car pricing strategy
Example: A hire car company offers different pricing strategies based on the duration of the rental. They may have a basic daily rate for short-term rentals, as well as discounted rates for longer-term rentals such as weekly or monthly packages. Additionally, they may offer promotional discounts or special deals during certain times of the year to attract more customers.
Sample:
- Daily rate: $50 per day
- Weekly rate: $300 per week (equals to $42.85 per day)
- Monthly rate: $1000 per month (equals to $33.33 per day)
Special promotion: 10% discount on all rentals during the holiday season
-The hire car company also offers optional add-ons such as GPS navigation systems or car seats for an additional fee.
-They may have a loyalty program where customers can earn points for each rental, which can be redeemed for discounts or free upgrades.
-They may also offer insurance options at different price points for customers to choose from, depending on their needs and budget.