Originally Posted by
C010T3
Yes, lower prices have already been seen in the spring. Now that there even more hotels in operation, we shall see even more impact on the rates.
I don't think that statement is logically valid. The reason for such low rates in spring was because the country was economically paralyzed and at the peak of the crisis. That isn't the case anymore. For this fall I am seeing flight prices to gig from the US about twice as high as they were in spring indicating recovery. my guess is hotel prices don't go back to spring levels but due to increased supply remain under pressure.