Wednesday, February 1, 2017

When does the prices on hotels go down on the holidays?

Business travel is the bread and butter for most reputable hotels. (An older, cheaper, more run-down property with little business travel survives on the crumbs from the table of reputable hotels in its area.) And during any holiday - especially family holidays like Thanksgiving, Christmas and Easter - business travel falls off. Everyone has family to think about, everyone has time off coming, no one feels like doing any business. 

Image result for hotel christmas

Resort locations play by a slightly different set of rules, but - while these holidays come with extra free time and increased travel - family events prevail.

Some locations; Bethlehem, Pa., Gatlinburg, Tenn. (near Dollywood) and Niagara-on-the-Lake, Ontario, with major holiday-oriented events, benefit somewhat from the lag - but often not enough to make up the loss in its entirety unless it's a year-round resort location.

But fixed expenses for the hotel continue, the bills still have to be paid, the staff has to be kept doing some work, and the hotel has to be kept open. 

So the law of supply and demand kicks in and does its power and magic - we drop the rates a bit, keep that much money coming in; and if you are traveling during one of those holiday times, you get a bit of a bargain.

Originally appeared on Quora

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