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Arthur Figgis · April 2nd 12, 04:47 PM posted to uk.railway,uk.transport.london

On 02/04/2012 10:40, Roland Perry wrote:
In message , at 08:23:17 on Mon, 2 Apr
2012, d remarked:
The real blackmail is in the holiday companies and airlines
stiffing people
with exhorbitant fares during school holidays. There's no reason
for them to
do it , they just do it because they can. Its naked profiteering.

They price things according to supply and demand. It's difficult to
criticise that in a capitalist economy.

Except they put the prices up in the expectation of demand long before
the season, not actual demand during it.

What?? The demand for holidays occurs when people book them, not when
they take them.

If that were the case you'd find the prices slowly increasing as time
went
by and more people booked. They don't. They start high and remain
there. Its
only when they have surplus left over and its close to end of season that
the bargains start appearing.

Holiday companies know quite accurately what the demand is going to be,
in advance. Because of historical data and their knowledge of the market.

Except the ones which calculated that 2011 was going to be a good year
for holidays in North Africa...

--
Arthur Figgis Surrey, UK