“The last couple of years, we couldn’t set the prices high enough.”
That statement alone says it all! Hotels, car rentals and all other related industries raise prices from greed. Once upon a time, executives received salaries based off a percentage times the wage of the highest paid employee (management level). CFO’s, Presidents, and other “leaders” of businesses are paid obscene wages and bonuses even in bad times for their company while denying paying living wages or laying off employees. No executive is worth the amount of money they receive (and I won’t get into sports figures or entertainment). If you treat people decently they will work for you, and if you’re reasonable in what you charge, people will use your products/venue.
Starbucks CEO Howard Schulz complaining yesterday he can’t connect with the new workers. They won’t work at the level he wants them to work for. Isn’t capitalism supposed to be supply and demand? Funny how it never seems to work in the employees favor.
Got to be honest. This, like everything else in the USA (world) is pure nonsense! We are getting gouged by everyone- because they know that they can do it and there is nothing we can do about it!
Skipped Hawaii last year after 15+ years in a row. Hopefully going next January one last time but refuse to be “screwed over” by all this crap! Love Hawaii (and Florida) but refuse to be taken advantage of anymore!
We live in a heavily touristed area of the FL panhandle (Pensacola to Tallahassee) and bookings are off 15-20% so far this summer/high season. We hear and agree that there is a direct correlation between renters and hoteliers jacking rates sky high and plummeting demand. We are not complaining about lighter traffic and ability to secure restaurant reservations, however.
We are looking forward to returning to Kauai next Feb and hope there will be at least a degree of return to normalcy.
Just returned from Four Hawaiian islands, car rental off the charts!
“The last couple of years, we couldn’t set the prices high enough.”
That statement alone says it all! Hotels, car rentals and all other related industries raise prices from greed. Once upon a time, executives received salaries based off a percentage times the wage of the highest paid employee (management level). CFO’s, Presidents, and other “leaders” of businesses are paid obscene wages and bonuses even in bad times for their company while denying paying living wages or laying off employees. No executive is worth the amount of money they receive (and I won’t get into sports figures or entertainment). If you treat people decently they will work for you, and if you’re reasonable in what you charge, people will use your products/venue.
Starbucks CEO Howard Schulz complaining yesterday he can’t connect with the new workers. They won’t work at the level he wants them to work for. Isn’t capitalism supposed to be supply and demand? Funny how it never seems to work in the employees favor.
All companies strive to maximize profits. The only thing that moderates that is competition.
Econ 101. But, they don’t understand anything about economics.
Got to be honest. This, like everything else in the USA (world) is pure nonsense! We are getting gouged by everyone- because they know that they can do it and there is nothing we can do about it!
Skipped Hawaii last year after 15+ years in a row. Hopefully going next January one last time but refuse to be “screwed over” by all this crap! Love Hawaii (and Florida) but refuse to be taken advantage of anymore!
Good point Mike. I can’t help but wonder, if there weren’t so many pickup trucks being used today, what would the price of gas be?
Aloha
That would be nice (price reductions). We’ll be there for 2 weeks as of Sep-9.
We live in a heavily touristed area of the FL panhandle (Pensacola to Tallahassee) and bookings are off 15-20% so far this summer/high season. We hear and agree that there is a direct correlation between renters and hoteliers jacking rates sky high and plummeting demand. We are not complaining about lighter traffic and ability to secure restaurant reservations, however.
We are looking forward to returning to Kauai next Feb and hope there will be at least a degree of return to normalcy.
But wait we are switching to away from goods to services and the consumer has over 2 trillion in savings. At least that’s what the “experts” say :-).