U.S. Cities with the Worst Hotel Rate Inflation
If it feels to you like hotel prices have really gone up a lot this past year, you have probably spent some time in New York City, Washington D.C., or Boston. Those are the three markets with the greatest year-over-year uptick in rates since last October, according to the number crunchers at Smith Travel Research.
Prices in New York have gone up 15.4 percent, to a choke-inducing average room rate of $320.87. Rates in D.C. have risen 12.8 percent (average $171.20) and in Boston they have also risen 12.8 percent (average $182.18). We guess when the Watergate--pictured here--reopens, we shouldn't call up looking for a bargain.
The rest of the top-10 is interesting as it's literally all over the map, showing the nation's economy is booming in different places and local supply tightness can have a big influence. Here are the percentage increases, but these markets are far more reasonable then the top three. Average room rates only vary from $96.93 in Nashville to $139.30 in Miami.
- Miami - 12.6 percent
- Houston - 11.7 percent
- Los Angeles - 11.3 percent
- Denver - 10.2 percent
- Nashville - 9.6 percent
- Philadelphia - 9.5 percent
- Anaheim - 9.2 percent
Looks like we will be doing a lot of more vacationing down South this year, huh?
Related Stories:
· Smith Travel Research [Official Site]
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