In Reply to: economical downturn posted by porkchop on Saturday, 14. March 2009 at 12:43 Bali Time:
but some are continuing their current 2008 rate until later in the year, in order to get business.
others are doing 'stay-pay' deals where you stay for 7 pay for 5 (for example).
you wont find many hotels actually reducing their rates just yet.
as someone mentioned earlier, a hotel that cost USD100 last year was equal to AUD105. this year, with a 25% increase, that same room is now AUD180, but this is all due to the fluctuation in currency, not the hotel or the agent increasing their rates that much.