All articles tagged with #hotel pricing
Hotels are adopting airline-style à la carte pricing, allowing guests to customize their stays with paid upgrades and amenities through AI-powered booking platforms, which can increase revenue but also pose challenges in balancing guest expectations and service quality.
Businesses in the path of the recent eclipse, including hotels and vacation homes, significantly raised their prices, drawing criticism for capitalizing on the celestial event. Dr. Edward Anderson, a supply chain management expert, explained that dynamic pricing algorithms and perceived demand drive these price hikes, which are not considered price gouging under current laws. While warnings about fake eclipse glasses circulated, hotel rates fluctuated based on market conditions, with some establishments charging exorbitant prices for the eclipse period.