FlyerTalk Forums - View Single Post - [NEW] The St. Regis Kuala Lumpur, Malaysia - Opened May 1, 2016
Old Apr 21, 2016 | 10:15 am
  #31  
MSPeconomist
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Originally Posted by skywalkerLAX
Take it easy folks, it's quite normal for properties (especially luxury ones) to demand outrageous rates in the beginning when their revenue management is optimistic that they can ask for such prices.

Once reality settles in they will drop like a rock from a bridge because the owners won't be pleased not to get any bookings. I see the realistic price for this property hovering around 500-550 MYR.
I've seen this with mid-tier chain hotels too. Sometimes you see the same phenomenon after major renovations.
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