Buyers stay in charge
13 September 2012
The economic recovery is bound to stir fears of price rises. In fact, prices look like staying steady in 2004 - but purchasers should brace themselves for increases next year
It seems hard to credit now, but at the beginning of this decade hotel chains such as Sheraton rationed the amount of business they took from corporate customers. They capped the number of room nights a client could purchase at the corporate rate because they were so confident they could attract enough guests at rack rate - the hospitality industry term for full price...