FlyerTalk Forums - View Single Post - Interesting answer I get from hotel managers when I call about the rates now
Old Apr 2, 2020, 5:46 pm
  #84  
GUWonder
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Hotels in some cities are offering monthly rentals of rooms. One such hotel that often charged about $150-250/night last year is doing month long rentals for $1000 this year.

Some hotels are offering rooms at a daily rate with the rooms to be used as substitute offices for those told to work at home but who find working at home to be undesirable at times. One such hotel that charges $80-180 is offering rooms for this purpose at $35 per booked day.

In countries where going into bankruptcy can be much less forgiving than in the US, the hotel owners may have to make more desperate moves ..... especially if the hotel has a massive debt to service and lenders are not able or willing to do much for the hotel owner on better terms than the prospective lender can get by holding out to be a vulture of sort.
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