Hotels pricing themselves out of the market during olympics
Discussion
http://uk.eurosport.yahoo.com/06062012/2/olympics-...
It's not a DM link, but for once I wish it was! I think the DM would give a much more balanced view (shocking, you might need to sit down!)
The comments are sheer hilarity - no supply and demand justification, no balanced view, it's just greed greed greed!!
Well; greed, immigrants and greed!
It's not a DM link, but for once I wish it was! I think the DM would give a much more balanced view (shocking, you might need to sit down!)
The comments are sheer hilarity - no supply and demand justification, no balanced view, it's just greed greed greed!!
Well; greed, immigrants and greed!
Mr Happy said:
The comments are sheer hilarity - no supply and demand justification, no balanced view, it's just greed greed greed!!
I saw this piece and, to be fair, as regards supply and demand, wonder whether hotels may have called it wrong and perhaps have passed the point where dropping offer to meet bid will correct the error.Of course greed has something to do with it, but then we all suffer from the same thing, don't we?
(Apologies for sounding like a vicar on "Thought For Today" but its relevant
)
Everybody with access to the media have been hyping this up since the UK won the contract, so to speak. The government, the media itself, the Olympics authorities. The absolute f
king shambles over tickets highlights this in sharp relief - charge a bleedin' fortune for something, get brass out of people's bank accounts before you've even told 'em what exactly they'll be getting, or go on to a German web site and buy your tickets there. Now let me see.....
In a way the whole thing reminds me of New Years Eve 1999. That was hyped up by everybody to the extent that, for example, bar staff thought they could get their basic rate plus 500 or 1000% for working on that evening, with the result that a lot of pubs didn't actually open. And a lot of people who would have worked but had priced themselves out of the market watched the Millennium celebrations on their TV in their sitting rooms.
Business and commerce runs on the basis of supply and demand. When you add hype into the equation the markets distort and some people get their fingers burned.
1929 Wall Street Crash anybody? Or perhaps Dutch tulip bulbs in the 18th century?The housing market in Ireland and Spain, and to a lesser extent here?
We've been here before
(Apologies for sounding like a vicar on "Thought For Today" but its relevant
)Everybody with access to the media have been hyping this up since the UK won the contract, so to speak. The government, the media itself, the Olympics authorities. The absolute f
king shambles over tickets highlights this in sharp relief - charge a bleedin' fortune for something, get brass out of people's bank accounts before you've even told 'em what exactly they'll be getting, or go on to a German web site and buy your tickets there. Now let me see.....In a way the whole thing reminds me of New Years Eve 1999. That was hyped up by everybody to the extent that, for example, bar staff thought they could get their basic rate plus 500 or 1000% for working on that evening, with the result that a lot of pubs didn't actually open. And a lot of people who would have worked but had priced themselves out of the market watched the Millennium celebrations on their TV in their sitting rooms.
Business and commerce runs on the basis of supply and demand. When you add hype into the equation the markets distort and some people get their fingers burned.
1929 Wall Street Crash anybody? Or perhaps Dutch tulip bulbs in the 18th century?The housing market in Ireland and Spain, and to a lesser extent here?
We've been here before
Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff