MINIBARGAIN Travel by Americans is at a 14-year peak, which indicates that hotel prices could be stiff this summer. Yet an industry building boom has added almost half a million hotel rooms since 1997, outpacing demand in major U.S. cities. For instance, at the Comfort Suites in Seattle, rates are down by $5 to $10. But remember, low rates may be offset by increased parking and minibar prices.
ROOM FOR CHEAP
Change in Change in average available room rate rooms
Dallas -0.1% 5.7% Denver 0.5% 7.8% Phoenix 0.4% 6.7% Seattle -0.4% 7.0% U.S. average 4.0% 3.4%
Source: Smith Travel Research