Originally Posted by
whimike
I am with JDiver on this, I would be elated with the $100's of daily benefit I got from the upgrade and not get so stuck on $50, especially after I agreed to the $50.
How do you figure that getting a suite upgrade is worth hundreds of dollars? Sure, that is what a suite costs, BUT you only get hundreds of dollars of benefits if you were actually planning on paying for a suite, were it not for getting the free upgrade.
It is a basic rule of economics that something is worth only what someone is willing to pay for it. If I am traveling alone and will not be conducting business meetings in my room then a suite is worth nothing more to me than a hotel's standard king-bedded room, because I am not willing to pay any additional price for it. In the situation I described, the suite has no marginal utility.