Given how expensive this hobby is, I've always wondered how sensitive rates are to the condition of the economy.  It seemed like rates were rising the last couple of years, but I've noticed more discounting going on.  Some formerly high end providers are now offering $350 rates, and $300 seems more common now than a year ago.  Maybe it is time for a recession, or maybe sugar daddy sites are cutting into demand in a similar way that AirBnB and Uber are impacting hotels and taxis.

I have noticed this as well. IMHO, the following are impacting demand:

There is more competition for the mongers dollars. You have mentioned sugar sites and this is a business that will always have new entrants on a daily basis. Many feel we are over due for a recession. That will drive more entrants to the market. All this puts downward pressure on prices

From a demographic perspective the baby boomers, are aging and moving out of the workforce. Some voluntary others not. They have much less disposable income and it is harder to hide your cash outflow.
In addition a lot of guys in this group began to lose interest in this game. Age does that to you.

I mention technology because it is continuing to destroy jobs. In the past it was entry level or simple functions receptionist, typing pool as well as automation of manufacturing. Now you see technology clawing at middle management jobs and high end blue collar jobs. These have been where many Americans were able to gain large amounts of disposable income. The relentless march of technology will only continue as it destroys many high paying jobs.  

Our society will continue it's assault on the middle and it will reflect in this little game we play. Those at the high end, who can justify their pricing structures, will do well. There will always be a place for the budget providers. It's the in-betweens that will have a challenge.

 
 

Inflation is beginning to rear it's ugly head... and discretionary income will be the first to shrink after the rising cost of necessities such as food, shelter and clothing. The fortunate ones should pick your favorite provider and become a regular. I am sure you will be treated very, very well I have a few lovely ladies on my radar...