That has been the deal with online travel sites and discount tour operators. Now, an increasing number of hotels are slashing room rates if you ante up in full in advance and forego a refund if you don’t show up.
Last year, Fairmont hotels began offering savings up up to 30% to those who book ahead and pay in full.
Now, “I would say the majority of our hotels offer ‘Savers’ rates. It’s one way we can offer a discount” without cheapening the upscale brand, Fairmont spokeswoman Lori Holland says. Prepaying also guarantees revenue ahead of time: “We know people are coming,” she says.
Source: USA TODAY