Originally Posted by
krazykanuck
The rates won't sort themselves out if people are paying the absurdly inflated prices.
Time will tell. In March, it was the newest, poshest hotel around and it was still only around 50% occupancy (during peak season and the revenge travel surge). And I bet a sizable chunk of the guests were staying on points, back when awards provided an outsized value.
I believe the free market eventually leads to price discovery. As [MENTION=10105269]Cheeze[/MENTION] mentioned, their current pricing structure is out of whack. However, Hyatt is being stubborn on the supply-side with all of their all-inclusives. Perhaps ~50% occupancy is their goal, and who knows what their business model actually looks like at these hotels.