The upturn in the U.S. hotel industry is bad news for travel managers
Hotels in major business-travel markets are ready to start clawing their way back from years of stagnation and price drops.
Excerpt from New York Times
With the domestic hotel industry on the cusp of a widespread recovery, operators are breathing a sigh of relief. But business travelers who have gotten used to low rates, the ability to book at the last minute and perks like free Wi-Fi and parking are less enthusiastic.
Travel managers, too, are finding that negotiating corporate rates for 2013 is much more challenging. “We’re going to be seeing well-above-average increases in average room rate for at least the next three to four years,” said R. Mark Woodworth, president of PKF Hospitality Research.