FlyerTalk Forums - View Single Post - Interesting answer I get from hotel managers when I call about the rates now
Old Mar 27, 2020, 9:20 am
  #6  
Often1
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Join Date: Aug 2010
Location: DCA
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How does OP know what overhead it takes to operate the property? The largest mistake that air carriers made during the last financial crisis was to lower their fares to attract customers, rather than to cut capacity. They have not made that mistake this time and nor will hotels.

At a time when travel is anywhere from discouraged to prohibited, only a small sliver of people who absolutely must travel will travel (+ a few fools). Those people who must travel will pay the $159. Cutting rates won't increase customers. The whole social thing makes little sense as low income people are not likely to rent a room at $59 or $159.

More likely is that properties which can't make a go of it will close down -- at least temporarily. Others will close off floors and provide fewer services.
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