Sam,
On Mar 24, 2010, at 7:58 AM, Samuel Weiler wrote:
You typically don't see airline tickets drop very much in price.
Sure they do. For example, you can pay over $1000 for a business class seat
SFO->IAD on Virgin America if you book a week in advance or pay $250 over your
coach seat on the day you fly if they happen to have a business class seat
available.
Similarly, I've rarely seen transparent hotel rates vary by this much[1]. To
be clear: we're now seeing a walk-up rate at this hotel which is $75/night
lower than our group rate.
Hotels, like airplanes, have a perishable inventory. From their perspective,
getting a smaller amount of money is better than getting no money. As such,
hotels that have rooms available on short notice tend to drop rates. You
simply can't compare block reservations done months in advance to spot prices
for individual rooms on very short notice.
Regards,
-drc
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