One situation one must consider here is that the higher rate doesn’t reflect demand. 4X normal seems like a lot, but if you compare the actual cost versus the incomes, desires and economic capabilities of ~100,000,000 Trump voters it’s easy to see that if the available number of rooms for those dates were subject to an actual bidding war the rooms would be much more expensive even considering their acquisition was for a speculative, low probability event.
It’s more likely that the room management personnel/software recognizes a slight deviation in demand (from a few speculative drop followers say) quite a few months back, and begins to adjust pricing accordingly. It then only takes a few of the 100m Trump supporters to recognize that, put 2 and 2 together so to speak, and feed into it some.
It’d be interesting to see the spike compared to the rate spread at the first inauguration...
bkmk
Very interesting. Like the Game Stop event. I’ve been watching the wire. The drug names they call out are interesting - ‘red tops’ ‘wmd’ ‘chaos’ and then I heard ‘trump towers... trump towers here’ I had to back it up but sure enough. Thought it was funny.