Luxury markets and premium pricing

Luxury markets and premium pricing

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Article ID: iaor200945301
Country: United Kingdom
Volume: 4
Issue: 4
Start Page Number: 319
End Page Number: 328
Publication Date: Jan 2006
Journal: Journal of Revenue and Pricing Management
Authors: ,
Keywords: retailing, yield management
Abstract:

The world is getting richer and the consumer has more real disposable income. This phenomenon is being repeated all over the world, whether in China or the USA. This means that consumers are trading up for products that meet their aspiration needs and trading down for products which they perceive as commodities. This paper addresses the issue of the luxurification of society and how organisations are using premium pricing effectively through a series of case studies.

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