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Businesses Add Separate Fees to Offset Costs While Keeping Base Prices Unchanged
Businesses in multiple sectors are adding separate line items for price increases, labeled as surcharges or fees. This allows them to pass on costs without changing base prices. Forbes reported the trend affects restaurants, hotels, airlines, and retailers.
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Businesses across various sectors are increasingly breaking price hikes into separate line items, Forbes reported. These separate line items for price hikes are often labeled as a 'fuel surcharge,' 'service fee,' 'processing fee,' or 'resort fee,' according to Forbes.
The approach of breaking price hikes into separate line items enables restaurants, hotels, airlines, retailers, and other businesses to preserve advertised prices while passing on costs, Forbes stated.
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