Mark Simpson argues that despite strong markets, consumers are still price-sensitive. Booking prices in some markets are lower than before, and guests may cut spending elsewhere even when they book accommodation.
We just said, you know what, most market, a lot of markets going to be good actually. We have to think that people are still price sensitive. What I mean is that even though it's booking may not be as high prices as in the past in some markets, number one. Number two, as I said, price sensitivity can be around many things. Like they can book your place at the price, but they wouldn't save money on other stuff.
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