Originally Posted by
js1993
No, that's literally not what determines a valuation, unless you fall for marketing gimmicks and/or are really bad at accounting.
If PHNY starts pricing the 57th Street Breakfast at $1,000, would you say you're getting $1,000 in value?
No, of course not, because you wouldn't ever pay $1,000 for it.
Sticker prices mean almost nothing when determining a valuation.
That’s the problem and the fundamental flaw that you just don’t see.
If people are actually paying for the upgraded room types or suites you’re given as part of your Globalist status then that valuation becomes real.
If people go to that same restaurant and spend that same amount that you’re getting as part of your Globalist status then that valuation becomes real.
If no one does then of course it’s not real. However, many many people do pay for rooms and suites above the base room type, and many many people do pay for the breakfast on property.