Traveling and Hotels
The American hotel industry grew at a record rate after World War II. A three-decade economic expansion boosted commercial travel and sent incomes skyrocketing. In addition, the development of organized labor and the interstate highway system helped drive the industry’s growth. The boom also made the hotel industry an important battleground in domestic politics. Today, hotels play an important role in connecting travelers with activities and attractions.
It’s best to book your hotel well in advance. This will give you plenty of time to look for the best rates and avoid booking at the last minute. Hotels often increase their prices when there is high inflation, and so it’s a good idea to book early to avoid paying inflated prices. Also, make sure to check the cancellation policies. Some hotels have flexible cancellation policies, while others do not.
As summer approaches, costs for traveling and hotels are expected to increase even more. The increased consumer demand and rising supply costs are driving up prices. In March, travel prices rose by an average of 8.5 percent and hotel rates increased by an average of 11.7 percent. These increases reflect that consumers are willing to pay a higher price to enjoy a better experience.
If you are traveling on a budget, alternative accommodations are becoming more popular. These are often private houses or small apartments and are a great option for travelers on a budget and who want to experience the local culture. You can even find these accommodations on sites such as Airbnb.