politics
Rising travel demand pushing US hotel rates to new highs, expert says
Key takeaways
- A report released earlier this month found hotel performance nationwide continued to outpace last year s growth in early May, with average daily rates rising 1.7 percent.
- We re seeing robust, year-over-year demand for more than five years now, HotelPlanner CEO Tim Hentschel told NewsNation.
- Hentschel said prices are climbing in part because hotel construction is not keeping pace with demand.
Why this matters: political developments that affect policy direction and public trust.
A report released earlier this month found hotel performance nationwide continued to outpace last year s growth in early May, with average daily rates rising 1.7 percent.
We re seeing robust, year-over-year demand for more than five years now, HotelPlanner CEO Tim Hentschel told NewsNation.
Hentschel said prices are climbing in part because hotel construction is not keeping pace with demand.
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