The costs of travel and hotels are increasing due to rising labor and supply costs as well as increased consumer demand. In March, the average hotel rate increased by 11.7 percent, showing that consumers are willing to spend more for better experiences. The good news is that you can still find good deals and book your hotel ahead of time, making your trip more affordable.
The relationship between travel and hotels has been a long-standing one. After the Second World War, the hotel industry experienced a boom fueled by post-war economic growth. This economic expansion helped spread incomes more evenly throughout the country. It also spawned organized labor and made paid vacations a reality for millions of Americans. As a result, the hotel industry became an important battleground in domestic politics. In addition to serving as a hub for leisure and business travelers, hotels provide a vital link between places and activities.
The travel industry has changed significantly in recent years, with more information available on electronic devices. This has created new opportunities for travel agents, including those who work from home. However, the hospitality industry still has a long way to go to attract and retain diverse employees. If the hotel industry doesn’t make you feel comfortable, two out of five travelers will likely change brands and providers, resulting in a loss of $212 billion in revenue.
Booking hotels early helps you save money and get the room you want. You’ll also have more time to plan your trip and avoid last-minute problems during peak travel seasons.