Best US hotel bargain prices are in Houston
Just how much have hotel prices dropped? Hotwire.com released results of its 2009 Hotel Rate Report which found Houston (a year price drop of 24 percent) is the best bet for price-conscious travelers.
“The drop in Houston’s hotel rates are due to a large increase in area prices as hotels were filled to capacity in 2008 with people seeking refuge after Hurricane Ike,” Hotwire said.
Midsized cities continue to follow the trend established by larger tourist destinations, such as Las Vegas and New York, by deeply discounting their hotel rates.
Nashville, Austin and Minneapolis all make November’s list with drops of 20, 15 and 14 percents, respectively.
Canada has dropped out of the top 10 after placing on the last 8 Hotel Rate Reports for its big year-over-year price drops, largely due to a fluctuating Canadian dollar.
Other cities experienced the biggest drops included Tampa, Miami, Nashville, Oahu, San Diego, Austin, Phoenix and Las Vegas.
“Minneapolis is back in the top ten after topping the list in September, along with Austin and Nashville, which are taking the spots of larger metropolitan areas,” said Clem Bason, President of the Hotwire Group. He added:
“Many of the hoteliers in these cities waited up until early 2009 to adjust their rates to be competitive in the current economic climate. We’ve seen this trend grow since September and may continue to see more of these mid-market destinations move their way up to the top 10 in the coming months.“
By David Wilkening
David
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