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Title: According to an article in the Wall Street Journal, unlike airlines, even elite hotels don't have so Post by: Tidy on Jun 21, 2015 According to an article in the Wall Street Journal, unlike airlines, even elite hotels don't have sophisticated systems that can react quickly to changes in demand. Even if they could, many hoteliers say people don't respond that much to lower rates. "We've tested this, cutting our rates by $50 [per night], and we didn't see an appreciable response in occupancy," says Jim Schultenover, a vice president for Ritz-Carlton.
Source: Jesse Drucker, "In Times of Belt-Tightening, We Seek Reasonable Rates," Wall Street Journal, April 6, 2001. Based on the information above, the demand for hotel rooms is A) elastic. B) unit-elastic. C) inelastic. D) perfectly elastic. Title: Re: According to an article in the Wall Street Journal, unlike airlines, even elite hotels don't hav Post by: Chimelo46 on Jul 30, 2015 Content hidden
Title: Re: According to an article in the Wall Street Journal, unlike airlines, even elite hotels don't have so Post by: Chimelo46 on Aug 31, 2015 It was nothing, thanks for updating us.
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