Quote:
Originally Posted by RedArbutus
Do we actually know that rates were "same as normal" during the 20% reduction compared to expected uptake during the WC? I thought they were supposed to be at a premium, and hotel operators were still waiting to anticipated influx weeks before the start of the WC in spite of the rate increase.
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I mean unless you expect the tourist market to book plane tickets/hotel rooms last minute the early spike in hotel room rates/cancellation of conventions probably had something to do with it.
I mean so what we're going to ban any development when there's a chance the investor might lose money?
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