Originally Posted by
escape4
There are 20+ good hotels in BKK so that means each one only gets 5% of my business on average. If SGS had rates below 4.5k THB on a consistent basis they would get 20% of my business rather than only 5%. It's a great hotel but it's a competitive market...
That, of course, is why you stay there only 5% of the time. The hotel is consistently over 90% occupied at the current rates, and I expect that management and the owners see no reason to lower them. Remember, rates are driven more by what the market will bear than by any type of subjective perceived inherent value. That's certainly how I set the rates in my business.