look at Hotels in NYC during the holidays. It is supply vs demand. My buddy and a few us stayed at hotel near augusta and it was like $600 a night which i do not think is crazy
Hotels Price Gouging During Masters Week
I wonder if the workers at those hotels will see a 400% raise for that week?
$3k gets me a night accomodation …
Don’t know what normal rate would be …
let’s be generous $1k ….
And they would be making $$$ profit
It is nothing more than opportunistic gouging …
Don’t care what you want to label it
- Capitalism
- Supply and demand
What ever , their base costs are covered the rest is margin ….. because of the event .
Fully understanding also that internationally and domestic interest would fill those vacancies …
That doesn’t not make it right in any way shape or form
Don’t know what normal rate would be …
let’s be generous $1k ….
And they would be making $$$ profit
It is nothing more than opportunistic gouging …
Don’t care what you want to label it
- Capitalism
- Supply and demand
What ever , their base costs are covered the rest is margin ….. because of the event .
Fully understanding also that internationally and domestic interest would fill those vacancies …
That doesn’t not make it right in any way shape or form
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- #55
what happens when the rooms are empty. Are you going to make up for the lost margins?
So what would the case be …what happens when the rooms are empty. Are you going to make up for the lost margins?
Scenario …2026 Augusta committee moves the tournament , to another venue.. ( gasp lol )
The hotel owners surely wouldn’t have invested that commitment based on a weeks turnover ?
The total rooms would have business case and there would be base number of rooms for ,
Profitability and loss and breakeven ?
Their I imagine be significant other fundamental reasons for its existence …( attractions , seminars etc )
If I have to make up for the losses then based on current exchange US / AUD exchange rate ,
will make it more again lol
I mean, are you really surprised?
Stay in Lexington SC and drive down. That’s what we did and played golf at a course there. Wasn’t too bad of a drive
I thought we had a thread here awhile back where people actually consider the tournament itself when buying a house down there. As in a way to offset the mortgage (I.E. make a stack of cash for the week.)
Probably more among the lines of the regular Joe types.
Probably more among the lines of the regular Joe types.
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- #60
Literally no different than anybody who buys a second home on the beach and rents it out from time to time
Used to live on Lake Murray and we used to rent out a few rooms each year to Augusta attendees, not a bad drive about 60 miles and there is also Aiken about 20 miles from Augusta. .
Having lived there, you can get some rooms in pretty sketchy hotels in Augusta itself. Not that I would recommend doing that...
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I think this is a good definition of the term if anyone’s actually interested. This nonsense is capitalism at its best, not gouging.
www.texasattorneygeneral.gov
How to Spot and Report Price Gouging | Office of the Attorney General
Price gouging is illegal, and the Office of the Attorney General has authority to prosecute any business that engages in price gouging after a disaster has been declared by the governor or president. The attorney general has issued stern warnings about price gouging to businesses in times of...
www.texasattorneygeneral.gov
My plans are Fri. If you have tic for then we can drive together. If you get other day tic, I'm sure I can arrange a place.
That’s exactly what supply and demand is. If they sold all the rooms at that price, it means they could have charged even more. Excessive profits is what this country is all about. Just ask big pharma and the health care system.
I’ll be driving in from about 2 hours away. We thought about staying locally for about 5 minutes, then saw hotel prices. We’ll just drive.
It’s the way the free market works. Masters week likely keeps some of these places in business, and at the end of the day something is only worth what people are willing to pay.
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Smart move. They have the system down so it's very easy to do the commute. The only time I've had a problem was 2 years ago when there was a weather closure and everyone left at same time.
But beach rentals change prices based on the time of year, it’s the same thing. They are maximizing their profit at a time interest in being there is highest. Supply and Demand.
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- #73
That’s pretty damn brilliant
That wasn’t my point. Not referring to vacation rentals, seasonal prices, supply & demand, etc. Check out @That post reply. I was just mentioning a conversation that was on here last year regarding just the one event and how people do what his father does.
Anyhoo…
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I'd always rather pay less as opposed to more, but I completely expect and understand that high demand means higher prices.
So again...I get that it stings but exactly what are you proposing as an alternative? Do you want the government to regulate and stop it? I sure don't. Do you want property owners to just charge less as a personal gift to you?
So again...I get that it stings but exactly what are you proposing as an alternative? Do you want the government to regulate and stop it? I sure don't. Do you want property owners to just charge less as a personal gift to you?