14 years
http://www.hostelmanagement.com/forum/f25/your-hostel-dynamic-pricing-aka-revenue-851.html
we had an interesting discussion about this problem a little while back.
as far as different rates online and for walk-ins, obviously I cant speak for the hostel you encountered but in my experience some hostels figure that once you're in the hostel you're far less likely to walk off again and find somewhere else cheaper. kinda like the 'beds FROM $xx.xx' signs you see. (though the 'from' usually isnt in upper case :P). i know in places ive worked theres been discrepancies between advertised prices and walk in rates; generally id ignore management and give people the room for the price they saw online and get chewed out for it later by the boss.
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