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Hotels Price Gouging During Masters Week

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Thrillbilly Jim

Thrillbilly Jim

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One night at the plain Jane Hampton Inn…

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Thats not price gouging, thats supply and demand. Very different things.
Its not the same as say raising the price of generators during a natural disaster.

Nobody is forced to pay that price.
 
Make that money.

If people will pay it, let them play it. No one is forcing people to get those rooms.
 
JB said:
Thats not price gouging, thats supply and demand. Very different things.
Its not the same as say raising the price of generators during a natural disaster.

Nobody is forced to pay that price.
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I’ve got to disagree with you on this. Now supply and demand determines fair market prices, but charging a 1500% mark up one week out of the year, seems excessive.
I mean beach hotels here mark up their rooms 3-400% during the peak season.
 
Get them stacks homie.
 
The Taylor Swift concerts last year has shown that people will gladly pay that much. Not just a one-off example but something that occurred repeatedly in cities all over the world. The ticket sale gross was over 2 billion US dollars.
 
But Pimento Cheese Sandwich is only $1.50
 
Thrillbilly Jim said:
I’ve got to disagree with you on this. Now supply and demand determines fair market prices, but charging a 1500% mark up one week out of the year, seems excessive.
I mean beach hotels here mark up their rooms 3-400% during the peak season.
Click to expand...
Uhhh. I think you just described exactly what I said. Its supply and demand.
If nobody jumps on it, they will adjust.
 
I've said this before and i'll say it again, but Hampton Inns are classy joints my friend.
 
Can I at least assume this includes their free breakfast?
 
price gouging is when there's a mandatory evacuation for a hurricane, and all the hotels in georgia off i75 are charging $1k+ for rooms that are usually under $200. that's illegal. this is like charging more for a superbowl ticket than a pre season game. when i went to the masters we stayed about 45min outside of augusta to save. we still paid a lot more than a non-masters weekend, but it helped. the drive in took forever, though.
 
How are we 10 comments deep without

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real housewives of atlanta money GIF by HULU
 
it's outrageous, absolutely.
 
what’s worse is locking something in and the cancel you and raise price higher. Happened before.
 
F that!
 
I mean when the Super Bowl is here in PHX there is a minimum 4 night stay and the prices are well over $1000 a night. WMO has some minimum stays as well at some hotels.
 
Saturday greens fee $65
Sunday greens fee (now Masters week) $180

Same grass, same crappy tee boxes. Demand warrants it, so they supply it and people are happy.

Is it fair to the consumer? No, but I gotta agree with @JB on this one
 
This is definitely price gouging. No need for a disaster to meet the definition of price gouging. I think most would say this type of price gouging is not immoral while the natural disaster versions mentioned above most would say are immoral. Gouging need only unreasonable prices in the face of a demand or supply shock. The Masters is certainly a demand shock and $2400 a night for a room at the Hampton is certainly an unreasonable price.
 
$2400 on StubHub for a $140 Friday ticket.

Surge pricing.
 
Thrillbilly Jim said:
I’ve got to disagree with you on this. Now supply and demand determines fair market prices, but charging a 1500% mark up one week out of the year, seems excessive.
I mean beach hotels here mark up their rooms 3-400% during the peak season.
Click to expand...
Capitalism baby!
 
Parrot said:
$2400 on StubHub for a $140 Friday ticket.

Surge pricing.
Click to expand...
Now imagine you're a resident of Augusta and try to go out to eat during that week?
 
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