Wednesday, March 30, 2011

Travel Fact

Hotels nationwide discounted rates to fill rooms during the economic downturn. With the economy improving, hotels, particularly upscale properties, are able to increase rates, according to PKF Hospitality Research. "This recession is a tale of haves and have-nots," said Bruce Baltin of PKF Consulting USA. "Those who do have jobs are doing better than they were last year, and they're the people who go to the higher-end hotels. But there's still a high unemployment rate, so those who would be traveling to the lower-end hotels are not working."