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It's standard practice now to charge higher prices for cancellable reservations. Given all the asymmetric squeezing being done by corporate algorithms everywhe
by floatrock 1y ago
It's standard practice now to charge higher prices for cancellable reservations.
Given all the asymmetric squeezing being done by corporate algorithms everywhere in the ruthless march towards economic efficiency, it's hard to feel bad for the algos when a human finds a pricing arbitrage that the hotel conglomerates failed to notice.
In other words, the hotel conglomerates are the ones who started the algorithmic event pricing and "cancellable reservations carry a price premium" games. It's on them if they mispriced their own dynamic-event cancellation premium.
- j45 1y agoAbsolutely agreed. Data is a two way street.