Oasis fans frustrated after hotel cancels bookings

Published On Aug 28, 2024, 6:33 AM

A hotel chain, Maldron Hotels, faces backlash after cancelling customer bookings made before the announcement of Oasis's reunion tour in July 2025. The cancellations were attributed to a 'technical error,' with some rooms now listed at significantly higher prices. Customers have expressed frustration over being unable to retain their original reservations and have accused the hotel of trying to capitalize on increased demand for accommodations during the concert dates. The hotel has said it will honor reservations made before August 26, but ongoing complaints suggest that many are unhappy with the handling of the situation.

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Stock Forecasts

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Negative

The situation highlights potential short-term volatility in hotel stocks, especially those near concert venues experiencing high demand. Hotels like Maldron may face reputational damage, and in the long run, if concert-goers seek alternatives or the backlash continues, revenue could decline.

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Positive

On the other hand, businesses that provide short-term rentals (like Airbnb) may benefit from this situation as fans look for new lodging options that may not have gone through this issue.

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