Re: Hyatt Taipei cancellation policy?

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On 8/23/11 3:09 PM, "Fred Baker" <fred@xxxxxxxxx> wrote:

>I wouldn't discount the effect of the value of the dollar on hotel rates
>as measured in US dollars.

I suspect Fred is spot on -- current exchange rate fluctuation is
undoubtedly a huge issue. I would speculate that most hotels would
negotiate for payment in their local currency and that since the time of
that agreement the US dollar has depreciated against most currencies
(blame 'quantitative easing' I suppose).

Jason

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