Comments on: Price Decontrol Doesn’t Mean Inflation http://sketharaman.com/blog/2010/03/14/price-decontrol-doesnt-mean-inflation/ Personal Blog of Ketharaman Swaminathan Tue, 07 Sep 2010 16:37:03 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Ketharaman Swaminathan http://sketharaman.com/blog/2010/03/14/price-decontrol-doesnt-mean-inflation/comment-page-1/#comment-12867 Ketharaman Swaminathan Sun, 14 Mar 2010 16:29:40 +0000 http://sketharaman.com/blog/?p=611#comment-12867 Update: Item: Full English Breakfast. Cost: Less than 50 pence. Price: 12.50 to 25 GBP. Location: A typical 5* hotel in London. Couldn't resist quoting this obscene example of value-based pricing from "Hotel Babylon", a book I'm currently reading about the hotel industry. Although Hotel Babylon is fictitious, its authors Imogen Edwards-Jones and Anonymous attest to the truth behind such numbers based on Anonymous's entire career spent working in the British capital's luxury hotel industry. When it comes to value-based pricing, looks like five star hotels are unbeatable. Update:

Item: Full English Breakfast.
Cost: Less than 50 pence.
Price: 12.50 to 25 GBP.
Location: A typical 5* hotel in London.

Couldn’t resist quoting this obscene example of value-based pricing from “Hotel Babylon”, a book I’m currently reading about the hotel industry.

Although Hotel Babylon is fictitious, its authors Imogen Edwards-Jones and Anonymous attest to the truth behind such numbers based on Anonymous’s entire career spent working in the British capital’s luxury hotel industry.

When it comes to value-based pricing, looks like five star hotels are unbeatable.

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