FlyerTalk Forums - View Single Post - Lower prices in Turkey?
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Old Aug 11, 2018 | 9:46 am
  #14  
escape4
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Originally Posted by jaymar01
Real pricing will never get reflected in online hotel prices. Hotels price in either local currency or Euros.....but, it's the booking engines that always price in Euros/$. They'll just swallow up the savings.

It'll be no different than when the Mexican currency collapsed a few years ago. That never got reflected with online declines in price..

You might see something on the independent market like AirBnb.
To be honest, I find it hard to believe that free market forces would not eventually have an impact over time so perhaps you are a bit too strong with your use of the word "never". This would be equivalent to all hotels raising prices 20% all at once overnight and all of them enjoying higher profits. Someone is bound to reduce prices, for example by 10%, and get a greater volume of customers as a result at still profitable prices, even better prices than before the currency crash. Then others start to follow to avoid losing customers and soon you have a perfect example of competitive market dynamics if and when it happens.
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