Average US hotel room rates expected to top $100
Hotel users can expect room rates to rise 6.5% next year, despite an expected economic slowdown, according to a new prediction.
“Hotel rates will continue to rise aggressively,” said Suzanne Cook, vice president of research for the Travel Industry Association of America.
She said although some new hotels are being built, demand still exceeds supply in some markets, according to press reports of her speech at a convention in Florida.
The average daily room rate at hotels was just over $90 last year. It is expected to reach $103 next year.
Travel is expected in general to grow by 2.2%, Ms Cook said.
Nationwide, she said tourism expenditures are expected to grow 7.5% this year to almost $703 billion.
But she added that business travel has slowed as Fortune 500 companies are more closely watching budgets.
The outlook for leisure travel is for 2% growth this year and up to 2% next year, Ms Cook said
Report by David Wilkening
David
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