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Should we ask for the new rate?

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I booked a hotel in Rome for 8 nights in early March. We arrive on March 3rd. The booking was confirmed on January 9th. Today I looked at the hotel again and noticed that the rate has decreased substantially since we booked. Our 8 nights would now cost about $450 less than when we originally booked, not a trivial amount. Should I email them and ask for the reduced rate?

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