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I have stayed at that hotel. I have never bothered to notice what the hotel credit card hold rates are. I generally don’t mind whatever they are, but i do have to say, I don’t think they should be doing that.
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Originally Posted by geminidreams
(Post 32250576)
I would expect to see the lower rates on the third party sites, the mystery 5 star hotel which you wont get to see until you book that provides no benefits and perks. No need to aggressively price on their own platform.
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Originally Posted by BSpeaker
(Post 32251131)
Electricity rates don't go down, neither do water rates. Housekeeping is still not paid enough, so you are asking for them to take a cut for you. Security probably needs to be increased rather than decreased. Which service would you be willing to eliminate so you can get an extra couple of dollars off a room rate? Hotels are businesses that still have to pay all their bills and taxes, and a 2% occupancy rate is horrifying, especially if it lasts. I would think, if anything, after this is all over, a hotel might have a "One Week Welcome Back" deal that will get their regulars to stay at their property again. Other than that, as a business person, IMHO, your assumption/request is a bit over the top.
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Originally Posted by GrayAnderson
(Post 32252637)
Given the degree to which said platforms cut into revenue (on top of the discount), I'd think hotels might actually consider going the other way and pulling mystery offers.
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Originally Posted by seawolf
(Post 32238254)
In addition to what Newman wrote, lowering rates is unlikely to drum up new business due to travel restrictions/flight availability but it would likely cause "cancel/rebook" on the existing bookings into a lower rate. Under current situation, net effect on lowering rates is lower overall revenue instead of increase.
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Originally Posted by LondonElite
(Post 32250978)
I expect a lot of them will just close. There is hardly any demand, and key now is to reduce costs, not try to generate minimal cash flow.
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need to travel
Originally Posted by irishguy28
(Post 32240679)
May I ask why?
Genuine curiosity - there cannot be many people with a genuine need to "travel" right now. There is no way I can 'telecommute' to do so. Some people 'need' to travel. |
The hotel is not discriminating. Anyone can book and stay at the property.
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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. |
Originally Posted by GUWonder
(Post 32258919)
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. $180 a night hotel rooms going for $35 per night? I'd like to know the names of those hotels so I can contact the managers. There seems to be a theme here. They want to keep the rates low to drive away the middle, upper income, and business traveler. This reeks of hidden discrimination against those of us that want to avoid hotels catering to party-goers, transients, hookers, etc. Unbelievable this goes on in 2020. (in case someone didn't get it, the above was intended to be light-hearted and sarcastic). Newman |
Originally Posted by GUWonder
(Post 32258919)
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. |
Originally Posted by rny321
(Post 32264291)
What are some of the cities where this happens?
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Originally Posted by GUWonder
(Post 32265168)
Stockholm, the epicenter of deaths in Sweden from this coronavirus situation, is one.
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This has got to be one of the most amusing posts Ive read.
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Its like OP has never been to a hotel where people are having room parties.
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