The price of hotel rooms is very sensitive to the level of aggregate demand.
Plenty of ink has been spilled describing and lamenting this phenomenon, focusing on perceived outrages like the three-story Doritos vending machine and the ever-increasing price of hotel rooms.
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Mr. Schneiderman said investigations are ongoing into other instances of price gouging involving hotel rooms, batteries and other services.
Shimizu wondered if he might combine the best points of a capsule hotel - price and convenience - with the gentle touches of a traditional ryokan.
Who wouldn't want to stay in a beautiful home, with charming hosts and a proper breakfast, for half the price of a bog-standard hotel room?
Offering thousands of great deals on hotels, Express Deals allows users to view price, amenities, star level of the hotel, locality and user ratings, but not the name of the hotel, which is only revealed post a non-refundable payment by the customer.
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Still, the most important factor in hotel choice is the price of the room, said Gina LaBarre of Crowne Plaza, and hotels are taking a serious look at how much they charge so they can stay competitive.
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This immediately struck me as odd, since any other hotel of this size and price I have been to either has it owns shuttle or would simply have a bellman take me over, but I schlepped down the driveway in the tropical heat and waited for the bus.
The more flexibility they can offer, the lower the fare, which Mr Iacobucci says could be much the same as the price of a standard economy flight plus a night in a hotel.
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It is also considering including underground fares with the price of the rooms which the company says are equiped to three star hotel standard.
What hotel conglomerate would have okayed a hefty price tag for a climbing rock instead of, say, expanding the cramped gym?
"In the midst of opening the hotel and other pressures, I neglected my own workout routine and paid the price, " he says.
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