Articles tagged “rates”

Domestic airfares around the world fell dramatically in May — on average. But, as with hotels, there are currently pockets of strength — and will be for months. Still, contrarian trends don't make for a nice, tidy trend line when it comes to prices.

U.S. hoteliers are finding their pricing options constrained because of an influx of both short-term rental supply during peak periods, and because of hotel construction. Hoteliers may decide to get into the short-term rental market or not, but they increasingly have to take it into account when fine-tuning pricing strategies.

Hotels are hiring companies to clamp down on online travel sites displaying cheap rates against their wishes. One of those startups, Fornova, has just bought smaller rival HotelsBI to broaden its rate-detection service. The deal is partly justified by the increasing tech spending on a cat-and-mouse-game between hoteliers and providers of rogue rates.

Rate parity and most-favored nation provisions are slowly fading as Marriott and Hilton offer lower rates to new and existing loyalty program members on their own sites than Expedia and Booking.com can. Don't underplay the power of a several-dollar discount in the race toward bolstering loyalty-program rosters through the lure of bottom-of-the-heap pricing.

Short-term rental hosts, in many cases, haven't become as adept as hotels in knowing how and when to change their average daily rates but you can bet that won't be the story for much longer.

Emerging economies will grow faster than advanced economies during 2016 and that has several implications for the cost of travel.

Over the long term, the new limited rate-parity rules in Europe could help hotels generate more bookings from their own direct channels, including over the phone. However, don't write off the online travel agencies just yet. They still hold a lot of the cards.

More time is spent in the hotel room than between two people on an airplane anyway, so it makes sense that travelers are willing to pay more for the hotel experience they want.

Most of the revenue per available room across these markets came from weekday nights, although smaller markets like Miami, Nashville and New Orleans got most of their revenue from weekends.

Some Latin American destinations had the highest room rates in the world last year, although the growth of rates slowed for the regional as a whole despite the presence of the World Cup in Brazil.