10-07-2016, 06:40 PM
I'm not so sure about the hotels - I travel a lot, and I frequently see 100% increases in rates during peak periods. Even 1-2 star hotels going for $200-$300 a night. Part of that is taking advantage of the "price insensitive" Mon-Thurs business traveler. But the other way of looking at it is if the hotel has 1 room left, and someone with the money is willing to pay $500 for the night then why shouldn't it be somewhat of a bidding process?
The other stuff WOULD be justified if the price increases had the desired outcome of rationing limited supplies. But I'm not sure it does, and it's hard to ever say $5 for a bottle of water (that isn't Fiji
) isn't gouging.
The other stuff WOULD be justified if the price increases had the desired outcome of rationing limited supplies. But I'm not sure it does, and it's hard to ever say $5 for a bottle of water (that isn't Fiji
) isn't gouging.
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