In Reply to: Bali hotels posted by goodspkr on Wednesday, 4. March 2009 at 03:52 Bali Time:
the article states that budget to mid range hotels have halved their rack rate.
more like they have rethought the large price hikes they were planning for april or had already implemented.
has anybody ever actually paid the full rack rate?
it is only going to get worse for them as the year progresses so the high end hotels who are not reducing their rates or cancelling their price hikes will have a rethink when they are 60-70% down instead of the current 15-20%.