The double rate has always been twice the single rate; falling occupancies in the late 1990s and early 2000s were bolstered, in-part, by this traditional approach to rate quoting.

Question

Quizplus · Accepted Answer

The statement implies a consistent pricing strategy where double rates are always twice the single rates, but hotel pricing strategies vary widely and can change based on demand, competition, and other factors. The late 1990s and early 2000s saw many hotels adopting dynamic pricing models rather than sticking strictly to traditional pricing approaches.

The Double Rate Has Always Been Twice the Single Rate;