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Is it true: overbooked and rip-off?

Replies: 18 - Last Post: Oct 20, 2012 1:25 AM Last Post By: tabmow66

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khunjimbo

khunjimbo avatar

Oct 18, 2012 1:57 AM
Posts:  199

15

OP, call it a rip-off if you want, but it's "what the market will bear". Basic Supply/Demand economics.

OMOOMO

OMOOMO avatar

Oct 18, 2012 2:21 AM
Posts:  147

16

Oh, thanks for some teaching in capitalism.

Julie_L

Julie_L avatar

Oct 19, 2012 11:59 PM
Posts:  518

17

Omoo it's called basic economics.

tabmow66

tabmow66 avatar

Oct 20, 2012 1:25 AM
Posts:  199

18

There is more to it than just hotels and airlines raising their rates to take advantage of tourists and travelers via supply and demand.
The rapid liberalization of the economy and surge for development seems to be having an unintended blowback effect of inflation in many sectors, the value of real estate (in Yangon and Mandalay in particular), electricity, petrol, building materials, some food stuffs etc.
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