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Select Board approves dynamic pricing for Nantucket Moorings reservations
Summary
The Select Board unanimously approved a request from Nantucket Moorings to implement demand-based pricing for a limited period in summer; owner Tim Rainamo said the system (through vendor Dacoda/Dacoya) would raise rates during about six peak weeks and could allow discounts off-season.
The Select Board voted unanimously to allow Nantucket Moorings to implement a dynamic pricing model for rental moorings that would raise or lower rates based on demand during the busiest weeks. Tim Rainamo, owner of Nantucket Moorings, said the vendor’s reservation software will let the operator set date ranges, percentages or multiple price tiers so the company can increase rates during about six weeks of peak summer demand and…
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