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Yes, if business is slow, they will usually lower their prices. It works the other way as well. During holidays hotels can cost 5 to 10 times their normal price.

In Vietnam the prices are usually printed and displayed, so you don't have to worry too much about getting an inflated tourist price.

In Asia and South America I would use the booking.com app to find hotels, but I wouldn't book them. I would walk to the hotel and negotiate a price in person. Sometimes they will lower the price because they won't be paying a commission to the app.

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