Originally Posted by
patmcpsu
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.
I agree, I was able to book a week in December for 5700. That same week now is going for almost 8k for the same exact stay.