Wednesday, September 7, 2011

Recession Blues: Lodging

Just like flying and renting vehicles, hotel rates are going up. But unlike airfare, where prices have gone up and less is included (food, beverages, baggage), hotels are doing a better job of offering amenities that can save you money.

More and more budget chains are offering free wireless internet and a complimentary breakfast. And the savvy leisure traveler can take advantage of special deals from Groupon and other pre-purchase sites that include amenities like free spa treatments and dining credits.

When you book matters too. In Manhattan, rates for bookings 61-90 days out are up 18% over a year ago. But for last minute travelers who book 0-6 days out, rates are up only 2% over a year ago. If you can handle the suspense, you can get a great last minute deal from sites like Priceline and Hotwire or Hotel Tonight.

So while lodging isn't getting cheaper, it isn't all bad news. You can still get a great deal if you are flexible and patient. 


Sources: Expedia's Average Hotel Rate Climbing Fastest This Year, USA Today.
HRG: Global Corp. Hotel Rates on the Rise, Business Travel News

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