San Francisco's health conference tonic for hotel revenue
Hotel charges range from a few hundred to thousands a night; rain lifts this year's takings for hotels, car services
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New York
AT THIS year's annual meeting of healthcare executives and investors in San Francisco, an industry criticised over the high prices of its drugs got a taste of its own medicine.
The four-day JP Morgan Healthcare Conference, known more for speed-date meetings and deals than actual presentations, this year packed thousands of investors, bankers and executives into the rain-soaked Union Square neighbourhood. Hotels filled a year in advance, and left unsightly scars on company expense reports. The most modest charged a few hundred a night. The swankiest went for thousands. Some even charged people for sitting.
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