In Reply to: Greedy or catching up? posted by Vicki M on Wednesday, 15. July 2009 at 22:28 Bali Time:
Dont you think that "all those cheap airfares" are out there because with the worldwide recession people arent paying,or cant pay, top dollar so the only way is for the airlines to reduce prices? so why would hotels, or anyone in any sector of the tourism industry,raise prices in a shrinking market.
Yes they may be busy right now but the economy is still shrinking and because a lot of people have been booked for a while and some may still lose their jobs etc there could still be a lot of cancellations both now or more likely as the hotel prices are pushed up.
Ted