PKF Hospitality Research, 2008 forecast predicts that the average hotel room rate in the USA will go up about 5.3% in 2008, to just over $109/night.
Rates in the luxury segment will rise 6.6% to an average of nearly $309/night.
American Express Travel Forecast for 2008 paints a similar picture for hotel price increases next year: up 4-6% in the midmarket segment, up 5-7% in the higher-priced segments.
Tuesday, December 4, 2007
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