Originally Posted by
jackal
Thanks, Alan, I wasn't entirely sure on how it worked. It's still FAR simpler and more predictable than airfares, though...
Yes, that I agree with 100%.

It is far simpler and far fairer in general to the traveling public.
Originally Posted by
jackal
So if your room goes back into the lowest fare bucket but the rest of the rooms are being sold at the highest one, does that mean the next person to come along and check prices for that route will see the room at the lowest bucket? Then, when he books it, the second person to come along will see it at the highest bucket?
Exactly. If I cancelled and you just happened to be checking, then yes if you booked, you'd get that low bucket price if you were the first person to reserve after my cancellation. One small point though is that my cancellation won't take effect until something like 2:00 AM or so EST on the day following my cancellation.
And then yes, the very next person to come along would once again be presented with rooms/seats at the current bucket level that was in effect when I cancelled. That might or might not be the highest bucket level, but it would still be higher than the bucket that I had and you managed to grab because I cancelled.