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Why Are Hotel Rooms So Expensive?

They can cost five, 10, 50 times as much as an apartment in the same city. How come?

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Matthew Yglesias is Slate's business and economics correspondent. Before joining the magazine he worked for ThinkProgress, the Atlantic, TPM Media, and the American Prospect. His first book, Heads in the Sand, was published in 2008. His second, The Rent Is Too Damn High, was published in March.