Traveling and Hotels
The relationship between travel and hotels has been a long-standing one. Commercial travel increased significantly after World War II, fueling the hotel industry’s explosive growth. After the war, the industry was shaped by the interstate highway system and organized labor, and the hotel industry became an important domestic political arena. Even today, hotels play an important role in connecting people with destinations, activities, and other resources.
However, today’s travel industry is experiencing an unprecedented crisis. More consumers are looking for alternative lodging, and online travel sites are fostering a movement toward more affordable accommodations. Because of this, the inventory of affordable lodgings is growing. It’s important for consumers to stay informed and make wise decisions.
As the summer months draw near, the cost of traveling and hotels is likely to increase. Rising labor costs, supplies costs, and consumer demand have all contributed to the increasing cost of travel and hotels. In March, travel prices rose 8.5 percent and hotel rates rose 11.7 percent. However, these rising prices are reflective of increasing demand for travel, and many travelers are willing to pay higher prices to enjoy an improved experience.
Hotel prices vary by region and season. When traveling to a popular destination, consider traveling during the off-season. For example, hotels at Walt Disney World will be cheaper in January and February than during the second week of September. Moreover, hotels can be cheaper during local events, including concerts or sporting events.