‘Dynamic’ Hotel Costs Force Work Trips to Be Shorter or Scrapped
- Hotel firms and some clients have changed their pricing models
- Leisure, business travel growth has pushed prices even higher
While the dynamic model means companies can also snag cheaper rooms if demand wanes, the travel boom has kept prices high.
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Staying overnight for a work trip is getting more expensive for companies.
Some companies that were accustomed to booking year-long contracts at set rates have had to break away from that old practice as the hotel industry shifted more toward pricing rooms based on demand. The new system means costs can be more unpredictable — and risk spiraling ever-higher during peak travel times.