Author Question: Under what circumstances would a typical economy/budget lodging guest stay at a midscale property ... (Read 96 times)

V@ndy87 · **on:** Sep 11, 2019

Question 1

What are aggregators and what functions do they perform?

What will be an ideal response?

Question 2

Under what circumstances would a typical economy/budget lodging guest stay at a midscale property instead?

What will be an ideal response?

heyhey123 · **Reply #1 on:** Sep 11, 2019

Answer 1

Aggregators are also known as meta-search firms who conduct searches for customers and direct them to the best-buy products that the customers specify.

Answer 2

Lodging guests will be less price-sensitive when another party pays for their stay. This is called the shared-cost effect and the customer may upgrade to a more expensive property because he/she is not paying.