Vol. 6, Issue 6, Part A (2020)

Abstract
One of the main problems in pricing products is the pricing policy for large hotels. This leads to a monopolization of prices. Despite the low quality of services in these hotels, the prices are very high. Groups are forced to go to larger public hotels because fewer private large hotels cannot accommodate a large influx of tourists. The hotel decides what services to provide, at what facility and at what price to sell them. In the context of market relations, pricing mechanisms are implemented through price and its dynamics. Price dynamics are formed under the influence of two important factors, strategic and tactical.