I am shocked they aren’t lowering prices. I have not looked up hotel rates. I guess it depends on competition and what they need to stay open and also what people will pay obviously. Some Orlando hotels had closed down at least temporarily, I don’t know if they are reopened now. They were hurt pretty badly during the lockdown I would guess. Interesting question.
I heard that airbnb was picking up a lot in businesses, I wonder if people are opting to have their own place and not the higher risk interaction in hotels? I would think people who rent their own places out would be lowering prices with fewer people traveling, but maybe not.
In Florida you can’t just close down a building, or say a section of the hotel, and significantly reduce the expenses, because you have to keep the space air conditioned to at least 80 degrees, I always recommend 78, and Florida just went through our very hot and humid months. The hotels can greatly reduce payroll though, by laying off housekeepers and lobby personnel and the people who work the breakfast areas.
In my opinion, as long as hotels are breaking even right now I think they should be happy. That’s assuming everyone is being paid a salary.