Welcome to Hotel 'Shrinkflation:’ Prices up, Service Down

The Globe and Mail reports that Canadians this summer are seeing “hotel shrinkflation,” which is defined as inflated price rates for a shrinking value, reflecting a variety of factors in the hospitality industry.

Soaring travel demand and increased costs have pushed up prices, while lingering pandemic policies and labour shortages often result in pared-down services like cleaning and restricted access to pools, gyms and other amenities.

One analyst says that for budget-friendly accommodations, lower services levels may become the new standard, and high prices may stick around as companies try to recover from the pandemic.

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