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11-05-2012, 01:18 PM
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Location: Bangor Maine
3,442 posts, read 6,198,380 times
Reputation: 4040
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I just saw on the news that some of the chains in Manhattan - mainly the Marriotts - were charging $550 and UP for rooms that usually go for $299. Pretty sad! to prey on others misfortune.
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11-05-2012, 01:37 PM
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26,589 posts, read 59,388,730 times
Reputation: 13128
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Hotels are just like airlines. They have different fare buckets and there are only so many rooms/seats in each bucket. Once the lower priced rooms/seats are sold out, only the expensive ones remain. It's called yield management. Midweek $550 is about right for a last minute booking at a NYC Marriott property that is 90% or more sold. The Fairfield will be lower, the Ritz Carlton will be higher. If you were looking for a room for that night two weeks ago it would have been the same.
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11-05-2012, 03:07 PM
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Location: NY,NY
2,896 posts, read 9,418,001 times
Reputation: 2063
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Quote:
Originally Posted by Newdaawn
I just saw on the news that some of the chains in Manhattan - mainly the Marriotts - were charging $550 and UP for rooms that usually go for $299. Pretty sad! to prey on others misfortune.
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First, you do not know the specifics, nor the first hand facts. Just some sensationalized news report on a Maine TV news show.
Second, you are presuming that it is NYC flood victims being charged that amount, when in fact that might be what they are charging out of town bookings. Which I strongly think is the likelihood!
Simple matter of supply and demand.
With so many NYers occuppying hotel rooms, and normal daily business put on hold for several days, the demand for business people and tourists trying to get rooms in the coming days and weeks logically will be greater than the available Supply for several weeks to come.
The price rise is unlikely a matter of price gouging, but a natural course of price inflation due to a decrease in Supply.
So, are the Hotels "greedy" or is the average person ignorant?? Not even competent in the most basic fundamentals of economics! Ready to believe any stupidity fed to them by the media, politicians and/or those seeking to manipulate for self serving gains at the expense of the (unnecessarily) ignorant. |
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11-05-2012, 04:05 PM
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Location: new yawk zoo
8,127 posts, read 9,991,578 times
Reputation: 5522
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just to throw it out there, about 25,000+ people came out of town to run the 11/4 nyc marathon. Its common that about this time the rates are higher than the norm. Please don't start hating on the marathon runners because they book hotels up to a year in advance. I know for a fact runners are never happy about paying a premium year after year
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11-05-2012, 04:41 PM
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Location: NJ/NY
10,630 posts, read 17,954,104 times
Reputation: 2820
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FWIW Marriott Marquis is regularly at $499-699/night. I book hotels for work regularly.
Did they mention which Marriott? Or just report the one with the highest price to sensationalize things
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06-20-2013, 05:19 PM
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1 posts, read 1,474 times
Reputation: 10
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They were not sensationalizing anything. We came to NYC from California with Bloomberg's assurance the marathon was on. The morning we were flying out, our hotel assured us they were open and letting people check in. When we arrived at 7:30 Thursday night, we were told they were closing and not letting anyone check in. We had to walk to a new hotel and for the priviledge of $485 a night (pre-tax) we were allowed to check in.
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06-20-2013, 05:36 PM
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Location: NJ/NY
10,630 posts, read 17,954,104 times
Reputation: 2820
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Quote:
Originally Posted by eeeema
They were not sensationalizing anything. We came to NYC from California with Bloomberg's assurance the marathon was on. The morning we were flying out, our hotel assured us they were open and letting people check in. When we arrived at 7:30 Thursday night, we were told they were closing and not letting anyone check in. We had to walk to a new hotel and for the priviledge of $485 a night (pre-tax) we were allowed to check in.
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That is an average rate for a mid-range hotel (Marriott/Hilton/Westin, etc)in Manhattan.
I just booked out a meeting 2 weeks ago and was delighted to get a rate of $399. $485 for a hotel room is not price gouging in Manhattan, it's average.
Right now the Marquis would run you $499 rack rate. |
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06-20-2013, 05:37 PM
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912 posts, read 1,991,291 times
Reputation: 439
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That's what you get for being an ill informed tourist. Next time try Corona Hotel in Queens. Easy access into Manhattan and great Latin food nearby
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06-21-2013, 08:28 AM
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Location: Manhattan
24,348 posts, read 34,152,307 times
Reputation: 11873
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They need the extra money so they can sue AirBnB regularly.
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06-21-2013, 08:42 AM
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991 posts, read 1,648,148 times
Reputation: 644
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Quote:
Originally Posted by newtoli
Right now the Marquis would run you $499 rack rate.
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Just for the sake of comparison the Hampton Inn rack rate is $399. |
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