Abstract
Abstract The widespread use of prices ending with a 9 (e.g. $7.99) is well documented in the Western context, particularly in North America. However, price ending is somewhat different in Asian cultures, with the overrepresentation of 8-ending prices. The rationale behind such practice is generally not well understood in the hospitality industry. Thus, the aim of this study is to explore managerial beliefs regarding price ending strategies in Asia, particularly Chinese speaking communities. Semi-structured interviews were conducted with prominent hospitality leaders in Macao. Results from thematic analysis of the interview data indicated four common reasons for employing 8-ending prices: a) luck & fortune, b) market norm; c) appealing; d) value image. These findings should extend existing theoretical explanations for 8-ending prices beyond quality and value image to provide useful reference price ending strategies for the hospitality industry.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
