What is a common practice of price discrimination in travel services?

Price discrimination is a pricing strategy where a company charges different prices to different customers for the same product or service, based on factors such as demand, consumer characteristics, or purchase timing. In the context of travel services, offering different prices for peak and off-peak travel is a prime example of this practice.

During peak times, such as holidays or weekends, demand for travel services typically increases, allowing companies to charge higher prices. Conversely, during off-peak periods when demand decreases, they can lower prices to encourage more customers to travel. This pricing strategy effectively maximizes revenue by capturing consumer surplus from those who are willing to pay more during high-demand periods while still attracting price-sensitive customers during slower times.

The other options describe scenarios where price remains constant regardless of different market conditions, which does not align with the concept of price discrimination, as they suggest uniform pricing regardless of demand fluctuations.