A new survey reveals that during the first six months of 2009 the average price of a hotel room in the U.S. fell 17 percent compared to the same time frame in 2008.
The new hotels.com Hotel Price Index indicated that room rates were $115 per night during the first six months, a decrease from $139 a year earlier.
“This is by far the most significant change in prices we’ve seen since we created the Hotel Price Index. Americans’ travel dollars have never gone farther than in 2009,” David Roche, president of hotels.com, said in a news release. “As properties continue to roll out discounts and other incentives to attract guests, the gap between the top star categories has narrowed, giving travelers more value and making luxury more accessible than any other time in the past five years.”
Globally, room rates were down 17 percent in the first half of this year compared to the same period of 2008.