Business, 17.09.2019 20:30, veneciaconton347

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 ritzminuscarlton. source: jesse drucker, "in times of beltminustightening, we seek reasonable rates", wall street journal, april 6, 2001. based on the information above, the demand for hotel rooms is?

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According to an article in the wall street journal, unlike airlines, even elite hotels don't have so...