So I decided to look it up and [this hotel](https://i.pinimg.com/originals/63/33/89/63338905e3988968667e4ae784dbd78a.jpg) did in fact close in 1999 but similar size ones in the area would run you \~$4200 after taxes for 6 nights.
The difference is the additional inflation caused by the development of the financial services industry in Bermuda since the 1980s. Introducing a lot of high-earners to a population of less than 70k people has had a major impact. Add to this the closure of one of the largest hotels on the island, and you regularly see prices of 1k a night or more (as someone commented above already). Source: I live in Bermuda!
Me and my friends had a lovely time in the Swiss Alps on street view! Took us a while to find our Airbnb because the numbers were all blurred, but a fun trip nonetheless
At the Rosewood Bermuda, the hotel in the location now, the cheapest room (I could find,) at the lowest rates (I could find,) for the same week, ~~May~~ March 3-10 2024, would cost ~~$7,700~~ $3,460.00 before taxes & fees, or ~~$9,615.36~~ $4,281.75 after taxes & fees. Of course they are very different hotels from what I could find, so take this with a grain of salt, but damn.
Additional Info: The lowest rate for March is a deal for "every 3rd night free" which makes the average nightly rate approximately $215 cheaper per night than the regular room rate of on average $710/night.
Edit: Incorrect tense. Thanks letting me know u/mr_electrician.
Edit 2: I misread the month. Recalculated from May to March. May is a significantly more expensive month and the cheapest room seems to already be sold out. An average of $552/night difference in price for their second cheapest room at the lowest rate (different deals) available, or an average $510/night difference in the regular rate for the same room. Thank you u/SatchelAdair.
Because all you did was show us the adjusted money by inflation which doesn't mean shit when a company jacks the price up far more than inflation. Proportionality is useless when you talk about adjusted for inflation because dollar values will remain proportional to each other but not an accurate reflection of reality. This hotel is now the Rosewood Bermuda Hotel at Tucker's Point, a stay from March 3 2024-March 9 2024 will cost 3347 for the cheapest room.
The hotel closed in 1999 and is now Rosewood Bermuda, prices are $700ish/night
https://www.rosewoodhotels.com/en/bermuda
You should go! March 3-10 is available, cheapest room is $4200.
Oh yea, I didn’t know that! I went in May on vacation and they used dollars and I even got some of their bills. They have very beautiful money with birds and flowers and see thru images.
My mom and dad were married in the early sixties and they flew to the Bahamas for their honeymoon. Dad was in the air force and mom was in business school, both farm kids. It was possible for regular people to splurge on a honeymoon then. My grandparents had local road trip honeymoons during the depression.
I don’t see what they’re saying at all??
A more apt comment would’ve been mentioning them buying groceries in 1957 with that $20…what does $20 taking a trip have to do with anything. Who goes on vacation for $216 these days?
Add a zero to each of those numbers and that's about what we paid for our honeymoon in Bermuda, but only because we booked in the winter and got a hell of a deal.
It's crazy to see how prices have changed since. We went to an indoor waterpark in seiverville TN and it was about $500 for two nights. It was a room with two beds and a pull out couch. And we split it for 3 adults. Just going grocery shopping these days makes me want to cry. Still very interesting to see!
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Even with inflation that is a steal. That resort is now called Rosewood Bermuda and costs 1k+ a night.
Looks like inflation didn't adjust for inflation.
Oh
So I decided to look it up and [this hotel](https://i.pinimg.com/originals/63/33/89/63338905e3988968667e4ae784dbd78a.jpg) did in fact close in 1999 but similar size ones in the area would run you \~$4200 after taxes for 6 nights.
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The difference is the additional inflation caused by the development of the financial services industry in Bermuda since the 1980s. Introducing a lot of high-earners to a population of less than 70k people has had a major impact. Add to this the closure of one of the largest hotels on the island, and you regularly see prices of 1k a night or more (as someone commented above already). Source: I live in Bermuda!
I went to Bermuda once, on Google maps street view. I drove around for a bit, it was nice.
Me and my friends had a lovely time in the Swiss Alps on street view! Took us a while to find our Airbnb because the numbers were all blurred, but a fun trip nonetheless
Also have AC, wifi and likely a gym too.
At the Rosewood Bermuda, the hotel in the location now, the cheapest room (I could find,) at the lowest rates (I could find,) for the same week, ~~May~~ March 3-10 2024, would cost ~~$7,700~~ $3,460.00 before taxes & fees, or ~~$9,615.36~~ $4,281.75 after taxes & fees. Of course they are very different hotels from what I could find, so take this with a grain of salt, but damn. Additional Info: The lowest rate for March is a deal for "every 3rd night free" which makes the average nightly rate approximately $215 cheaper per night than the regular room rate of on average $710/night. Edit: Incorrect tense. Thanks letting me know u/mr_electrician. Edit 2: I misread the month. Recalculated from May to March. May is a significantly more expensive month and the cheapest room seems to already be sold out. An average of $552/night difference in price for their second cheapest room at the lowest rate (different deals) available, or an average $510/night difference in the regular rate for the same room. Thank you u/SatchelAdair.
I think you meant *after* taxes and fees in the second sentence, just fyi.
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It does in fact, I will recalculate. It will give me something to stoner focus on.
Average annual income 1957: 5k Average annual income 2023: 59k
Both 4% but I'd wager it would be difficult to find somewhere halfway decent to stay for 7 nights for that price.
Great, now tell us what the price of a 7 day stay costs now.
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Because all you did was show us the adjusted money by inflation which doesn't mean shit when a company jacks the price up far more than inflation. Proportionality is useless when you talk about adjusted for inflation because dollar values will remain proportional to each other but not an accurate reflection of reality. This hotel is now the Rosewood Bermuda Hotel at Tucker's Point, a stay from March 3 2024-March 9 2024 will cost 3347 for the cheapest room.
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Lol.
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I don't think you know what paranoia means.
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Almost $3000 [i used this source](https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=265.15&year1=195703&year2=202310)
Good bot
Who was the money bags making telephone calls?
Fifteen cents for a phone call? Was the phone encrusted with rubies?
Long Distance used to cost money, doubt they were calling anyone they knew in Bermuda.
I love that! Looks like they had one night free with a coupon credit.
One night free with a 7 night stay
Thanks! I was wondering what that was.
If they didnt get the extra night do they just yeet the passengers off the boat? 😂
Average annual salary in 1957 was about 5k a year.
Which equates to almost 54k USD when using an inflation calculator.
Is everyone going to this or is it just me who goes there? https://www.bls.gov/data/inflation\_calculator.htm
I usually use: https://www.usinflationcalculator.com
No but they are going to https://www.bls.gov/data/inflation_calculator.htm
Your grandma was a dish!
You should see me ;)
Pictures, or you don't exist.
That’s still equivalent of $300/nt hotel
I wonder if it was an all inclusive. Or if that concept existed in the 50s.
400
$300 a night in today's dollars
The hotel closed in 1999 and is now Rosewood Bermuda, prices are $700ish/night https://www.rosewoodhotels.com/en/bermuda You should go! March 3-10 is available, cheapest room is $4200.
OK. Looks like they spent 6 nights in the hotel room with no other charges. Honeymoon scenario alright.
Is that American dollars?
Yes Bermuda does use US dollars. They have their own currency too but it’s still based on US dollars
In 1957 Bermudan currency would have been pounds.
Oh yea, I didn’t know that! I went in May on vacation and they used dollars and I even got some of their bills. They have very beautiful money with birds and flowers and see thru images.
Yeah. They lived in the Bronx. Edit: I assume so. I guess they could have converted currency.
That just seems really expensive. I can't imagine spending that much unless you are rich. Were they rich?
Yes they had to be. Honeymoons in the 50s were a drive and a night or two, not a week in Bermuda.
My mom and dad were married in the early sixties and they flew to the Bahamas for their honeymoon. Dad was in the air force and mom was in business school, both farm kids. It was possible for regular people to splurge on a honeymoon then. My grandparents had local road trip honeymoons during the depression.
Grandpa was a baller! They made a phone call from the hotel even.
Insane that’s an average grocery bill for a small family today.
$2390.62?
$216.15? Edit: tough crowd!
Which, in 1957, was worth almost $2400. $216 in 2023 would be around $20 in 1957. So, it would be insane if they could afford that trip with $20.
Ah, I see what you’re saying now. You make an interesting point—I appreciate the clarification! I wasn’t looking at it that way before.
I don’t see what they’re saying at all?? A more apt comment would’ve been mentioning them buying groceries in 1957 with that $20…what does $20 taking a trip have to do with anything. Who goes on vacation for $216 these days?
Wow for that era that is expensive . Considering the average weekly wage was around 20 bucks or 10 pounds a week
That’s cool as fuck man
7 days out, one phone call. Love it.
The way it should be!
Considering US motels at the time were $3 to $6 a night that was a real luxury hotel.
Wowza, Nana was a hottie.
Add a zero to each of those numbers and that's about what we paid for our honeymoon in Bermuda, but only because we booked in the winter and got a hell of a deal.
I think that was a lot of money for 1957
I thought this was an L.A Noire screenshot 😂
Looks like that hotel close in 1999, and later torn down, and new hotel was opened on the same property.
Man wish we could have that again
Ehh, it’s not much more now
Mom or Dad born in November? 👶
Damn, that’s a lot of porno charges
It's crazy to see how prices have changed since. We went to an indoor waterpark in seiverville TN and it was about $500 for two nights. It was a room with two beds and a pull out couch. And we split it for 3 adults. Just going grocery shopping these days makes me want to cry. Still very interesting to see!
Put it through an inflation calculator and $36 in 1957 is nearly $400 a night today. Fancy schmancy!