Tourism Industry News
Hotwire Reveals Hotel Rate Report for March 2010
San Francisco (PRNewswire / WorldTourismNews) - Hotwire.com®, a leading discount travel site, today announced the results of the March 2010 Hotwire® Hotel Rate Report.
This monthly report features the top 10 cities in North America where hotel rates have dropped the most. When combined with Hotwire's already discounted prices, the Hotel Rate Report helps guide customers to the destinations that will maximize their travel dollars. Tampa holds the number one spot this month with a 13 percent drop and Philadelphia, which ranked ninth last month, takes the number two spot with a 10 percent drop.
Tampa is still experiencing lower hotel room occupancy as compared to last year and thus hoteliers continue to adjust rates to make up for reduced traffic. However, prices are starting to stabilize for many cities featured on past Hotel Rate Reports. This year, we've seen travelers have a higher interest in spring time getaways to destinations like Miami, Orlando and Houston due to the low rates these cities currently have to offer. As a result, several new cities, like number five Kansas City and number seven Tucson, have joined the top 10 for the first time with six and five percent drops, respectively.
Hotwire is able to find great deals, especially in these cities where prices are unseasonably low, because it works with hotels, airlines and car rental companies to fill unsold inventory. This means that customers will find deals that they won't see anywhere else.
When compared to the same time last year, the top 10 hotel price reductions for March 2010 include:
Example of a Current Hotwire Deal, Rank Hotel Market Price Drop US$/Night 1 Tampa, FL 13% 4-star $85 2 Philadelphia, PA 10% 3.5-star $81 3 San Diego, CA 9% 4-star $99 4 Minneapolis, MN 7% 4-star $66 5 Kansas City, MO 6% 4-star $87 6 Baltimore, MD 5% 3.5-star $75 7 Tucson, AZ 5% 3.5-star $76 8 Oahu, HI 5% 3.5-star $99 9 Nashville, TN 4% 3.5-star $70 10 Seattle, WA 2% 3.5-star $73
"As the economy slowly recovers, travel demand for certain locales is showing signs of strength," said Clem Bason, President of the Hotwire Group. "Compared to last spring, top tourist destinations in warm states like Florida and Texas are seeing more traffic. But many cities across the U.S. are still facing lower occupancy and continue to drop rates."
For more information about the Hotwire Hotel Rate Report, visit: www.hotwire.com/hotelratereport.
About the Hotwire Hotel Rate Report
The Hotwire Hotel Rate Report will run results during the first week of each month. Results are calculated by looking at Hotwire stay dates for select regions in the current month, and comparing prices in the current month against Hotwire prices in the same month in the prior year. Prices are compared within the same star rating categories for consistency, and the percent change in price for each region is generated as an overall average of the changes in those categories. The prices in the chart above are examples for a particular star rating category within that market, and actual prices may be higher or lower than the example that is provided.
Hotwire.com is a leading discount travel site with low rates on airline tickets, hotel rooms, rental cars, cruises and vacation packages. Launched in 2000, Hotwire negotiates deep discounts from its travel suppliers to help travelers book unsold airline seats, hotel rooms and rental cars. J.D. Power and Associates 2008 Independent Travel Web Site Satisfaction Study(SM) recognized Hotwire for ranking "Highest in Customer Satisfaction Among Independent Travel Web Sites, Three Years in a Row." Hotwire is an operating company of Expedia, Inc. CST: 2053390-40. NST: 20003-0209. For more information, visit https://www.hotwire.com/.
Hotwire, Hotwire.com and the Hotwire logo are either registered trademarks or trademarks of Hotwire, Inc. in the U.S. and/or other countries. Other logos or product and company names mentioned herein may be the property of their respective owners. © 2010 Hotwire, Inc. All rights reserved. CST# 2053390-40.
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