LAS VEGAS (KLAS) – On average, hotel prices have rebounded significantly from 2020 lows and are now comparable to pre-pandemic rates.
But there are huge differences from city to city. Especially when comparing rates in vacation towns like ours and those heavily dependent on business travelers.
In major vacation cities, Miami, Las Vegas, Orlando, prices have returned to their pre-pandemic levels, according to Willis Orlando, Scott’s Cheap Flights said.
Willis Orlando of Scott’s Cheap Flights tracks everything from airfare to hotel and rental car rates.
He says that according to global hospitality data and analysis, hotels are less full across the country than they were in 2019. This is leading some markets to offer cheaper rates.
You can get the best bang for your buck in major cities that rely heavily on business travel, according to Orlando.
Prices in New York, Washington DC and San Francisco are still very low. If you’re planning a break, the low in San Francisco is currently 40% lower than it was in 2019.
Chicago, Minneapolis and Seattle are also seeing hotel rates about 10% cheaper. Analysts expect this to be the trend going forward.
Prices in holiday markets, like here in Las Vegas, are probably going to drop a bit, but Orlando says it all really depends on the business traveler and what’s going on in other markets.