U.S. Hotel Rates Buck Inflation Trend With Year-End Decline
Photo Caption: A child-friendly room at the W Marriott Orlando Bonnet Creek Resort & Spa in Orlando, Florida. Source: Marriott International.
Skift Take
Good news for travelers, bad news for hotel owners. The U.S. hotel industry is seeing a (modest) decline in room rates after a recent dramatic run-up in prices.
Rising hotel room rates in the U.S. have stopped contributing to broader inflation. Hotel prices declined in December by 0.5% year-over-year.
According to U.S. inflation data released on Thursday, hotel rates rose 0.4% month-over-month in December.
The cooling in hotel prices contrasts with broader inflat
