It's not 'price gouging', it's the free market..and it actually helps us. Why? There are only a finite number of hotels for a specific weekend. If the demand is going to be much higher than the supply, hotels will raise the price to prevent all of the hotels from getting sold instantly at the lowest price.
If they didn't do this, you would have no chance at getting any hotel during the busy times. Which may happen now, but it isn't going to fix the situation of not getting a hotel room during busy times.
Uber has been accused of this as well. In reality, it's the only way to get drivers to specific areas during undesirable times (otherwise, the demand would overtake the supply and customers would be waiting forever and a few people would get rides).
AirBnB will lower the price of hotels if it gets popular enough simply because it adds more to the supply side, which naturally reduces the overall price in the market.
Hotels profit handsomely by raising prices, but it's the only way to reliably curb demand.
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[ 3.9 ms ] story [ 14.9 ms ] threadIf they didn't do this, you would have no chance at getting any hotel during the busy times. Which may happen now, but it isn't going to fix the situation of not getting a hotel room during busy times.
Uber has been accused of this as well. In reality, it's the only way to get drivers to specific areas during undesirable times (otherwise, the demand would overtake the supply and customers would be waiting forever and a few people would get rides).
AirBnB will lower the price of hotels if it gets popular enough simply because it adds more to the supply side, which naturally reduces the overall price in the market.
Hotels profit handsomely by raising prices, but it's the only way to reliably curb demand.