June 15, 2024

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Marriott CEO Has Bad News for Your Summer Vacation

Marriott CEO Has Bad News for Your Summer Vacation

Alongside with foods spikes and soaring power expenses, hotel charges are an additional target of the inflation rampant through significantly of 2022. 1 calculation discovered that, in between June 2019 and 2022, the average lodge remain soared by 226% in New York, 200% in Chicago and a respective 196% and 189% in Miami and Boston.

Putting apart highly-priced metropolises, one more estimate uncovered that hotel charges across the U.S. rose by 19% last year.

Whilst over-all need for journey stays high, rising fees and fear of a economic downturn have been putting some off touring. According to Deloitte, only 31% of Americans planned to choose a trip involving Thanksgiving and mid-January although previous yr that selection was at 42%.