The relationship between travel and hotels has been around for centuries, but the industry has come a long way since World War II, when the postwar economic expansion spurred commercial travel to new heights. Combined with the success of the interstate highway system and organized labor, these events helped the industry to expand at a rapid pace. Today, hotels play an essential role in connecting people to places and activities.
One of the first factors that should be considered when choosing a hotel is its location. Whether you are traveling to a city or a small town, location is important. Tourists will want to stay near popular attractions, while those visiting a smaller town may want to stay in a hotel near the activities they plan to do that day.
Travel and hotel expenses are on the rise, and the trend has continued into 2019. This trend is partly driven by rising labor and supply costs, as well as increasing demand. In March, travel prices increased 8.5 percent, while hotel rates jumped 11.7 percent. This increase is evidence that travelers are willing to spend more for a better experience.
A great way to reduce hotel costs is to book early. By doing so, you can research different hotels in your destination and get the best price. If you book late, you may find that the rooms you want are already full. Also, keep an eye out for inflation – remember, high inflation is usually associated with a recession. Regardless of the cause, hotels should tread lightly when raising their prices.