In general, I'd observe that hotel pricing, while certainly not dirt-cheap, is at relatively "rational" levels in places where you were easily getting in the $300-400/night range pre-pandemic. (And that was for generally midrange business hotels.)
In general, I'd observe that hotel pricing, while certainly not dirt-cheap, is at relatively "rational" levels in places where you were easily getting in the $300-400/night range pre-pandemic. (And that was for generally midrange business hotels.)
My guess is that both restaurants and hotels plunged a lot right at the beginning, and now they've recovered about 2/3 of that and that recovery has now stalled. People are still trying to figure out what is sustainable and what isn't, in terms of staffing.
We may not see this industry rebound to pre-covid employment levels ever. For instance, Uber delivery and other services may just be a thing and permanently shift labor away from waiters, and hotels may have permanently ceded market shares to AirBnBs or other lower service offerings. Maybe in the future, daily cleanings will be seen as some kind of odd luxury.
But I think it's all up in the air right now.
Just to take one of the most obvious examples, there will probably be fewer person days in downtown offices which has all sorts of ripple effects. And I expect fewer flights to do a quick meet and greet lunch or to have various internal pro forma meetings every single quarter.
I've seen some surveys about this sort of thing but no one really knows what it will look like until it plays out.
I'm imagining that the 20 or 30 minutes of labor is the majority of it. So like $10-15 dollars.
Where am I going wrong?
Just one more cost (from the perspective of the consumer) to take out of the system, which someone was making money to supply.
But aside from some pizza delivery in college, I've never been in a situation where I had access to cheap and decent takeout delivery options.