Time-Based Pricing is a pricing strategy where the cost of a product or service varies based on the time of purchase or usage. This approach is often used in industries like hospitality, transportation, and entertainment, where demand fluctuates throughout the day, week, or season. For example, a hotel may charge higher rates during peak tourist seasons and lower rates during off-peak times. This pricing model can benefit both businesses and consumers. Businesses can maximize revenue during high-demand periods, while consumers may find better deals during less busy times. Overall, Time-Based Pricing helps align prices with market demand and consumer behavior.