I’m just after booking a hotel in dublin for next week. I’m shocked by the prices of all city centre hotels – they haven’t budged since the last few times i’ve booked hotels.
I doubt every single hotel is near capacity in midweek, so i’m left wondering how long can they afford to keep prices so high?
This is partly the reason why this country is going to prolong a recession. People are admitting there is a recession (which is step no.1 to recovering), they’re cutting back (step no.2), firing people etc… but prices are not being lowered. The cost of living hasn’t changed…
If we look at air travel, Ryanair have been bullied in to upping their prices by all sorts of government taxes and levies. Last year, i bought flights to london for 4c with ryanair. This year, i paid €90 which sums up how things have changed.
Luas prices have GONE UP since this time last year.
It’s the same with houses, with cars, with groceries, with everything… prices aren’t generally going up (they are going down), but they’re not moving with reality and as a result people are being priced out of buying things which only adds to economic problems.
D4 hotels have been running cheap offers since christmas – started off as €10 per night, it’s now about €40 per night which is great value. The hotels however, are old and not very welcoming. Fine if you’re stuck for a bed, but as for a holiday or mini-break, i’d rather stay at home… still, it’s an attacking business strategy and one that’s paying off. I admire that.
I was watching a problem about the ‘millionaire mansion suicide’ last night. Full story here for those who don’t know about it.
It sums up how some people view money – they’d rather kill themselves than have to deal with financial meltdown, bad debts, repossession of houses etc… that case was triggered by a recession – people do not like losing what they have and what they have gotten used to.
There is a link between recession and suicide, naturally enough. This recession will be no different and probably an awful lot worse than any other for suicide rates as people nowadays have much more to lose than they’ve ever done in the past. The stakes are much higher and with that comes pressure – something we’re never really trained or educated to deal with properly.