Originally Posted by
Raffles
Think it through, though ... you may be locking in an exchange rate, but you are also locking in a room rate - and there may be more aggressive rate cutting to come, especially as Summer comes round and business travel drops off even further.
I quite agree. I have been able to cancel and rebook a number of May - July reservations at lower rates in the last couple of weeks. Many properties block a number of rooms for conventions and workshops. As the deadline passes for potential attendees to commit, large numbers of rooms are opening and rates falling. As discretionary meeting attendance continues to fall due to belt-tightening, IMO we will see more such price cuts in what are typically convention and meeting venues.