Apparently spring break has the same effect on NYC as it does in southern climates, high demand of hotels lead to decreasing supply and thus higher rates. I still do not know who on earth would go to NYC on spring break and not go south, but whatever. So the best hotel rate I could get was $320 a night, for a hotel we usually get for $249 or so. The hotel closest to my company's office was running $400 -- ouch!
So I opted for one in mid-town, $320 a night. I had to be a big hick and take a picture of the room -- you can fit the entire room on one photo, it was so small. I thought you all might enjoy seeing what $320/night can buy you in NYC.
My sense of economics is probably skewed by age. I find it hard to justify $320 a night on a business trip. I realize the firm is paying for it so there are no out of pocket expenses. I would want to see some value return on having to shell out that kind of cash for an overnight.
ReplyDeleteHowever, on a personal basis I could justify the rate. After all, I have never been to "the city." I have always heard about it, but never seen it. It sounds like the hotel you stayed at is located downtown, so a person could walk out and look over the area and get a sense of the place. In my mind I can rationalize $320 for a personal visit because I can spread the cost over the entire day. In a business sense the cost is spread over just the time doing business. I guess the per hour charge is less in my mind for personal vs. business. Strange economics huh?
Dad