> Why are the room rates so highly variable in the first place? A lot of reasons but mostly due to demand and supply. We are mostly busy on the weekends (Fri/S

> Why are the room rates so highly variable in the first place? A lot of reasons but mostly due to demand and supply. We are mostly busy on the weekends (Fri/Sat). Weekends rates will be higher than weekdays. If the majority of the rooms are booked 6 months in advance, rate will be higher for those days. Not having enough housekeepers to clean the rooms, increase the rate so that we have less rooms to clean. > Hotels have also been quick to adopt the nickel-and-dime-customers-to-death business strategy I would say, not really. Look at the hospitality reits. They have lowest returns compare to other reits.