Nextech3D.ai Introduces Dynamic Pricing for Event Organizers

Nextech3D.ai has launched Dynamic Pricing for its Map D platform. This innovation enables automated booth pricing and sponsorships with limited inventory. Over $75 million in booth sales have been processed through the platform over the past three years, providing a context for the platform's activity.

Under the new model, Nextech3D.ai will secure 30% of the revenue generated through Dynamic Pricing. Event organizers retain 70%. Organizers set initial prices and rules, and prices can rise as sales thresholds are met. The system also suggests pricing rules using AI, but organizers maintain control over final decisions.

This tool aims to assist organizers in managing inventory and pricing efficiently. It also provides reporting tools for better analysis of pricing changes and incremental revenue. CEO Evan Gappelberg believes this feature will offer a significant advantage to event organizers.