Not nine months ago, business travel hotels, that have had a bruising three years through the recession, had nowhere to go, but up. Today, the economy is picking up again, and so is business travel. People who travel on business today are beginning to notice that things have changed at business travel hotels somewhat since the recession ended. Prices that were unrealistically low through the recession, have begun to seriously pick up. But hotels aren’t just raising prices for nothing given in return. Often, they are raising the quality of their offerings and the perks that go along with business travel, as well, hotels near airports are a great place to stay on business.
When business travel hotels raised their prices by a couple of percentage points toward the end of last year, it must have been a truly satisfying experience; after prices tumbled through the recession to levels that hadn’t been seen for seven years, this was the first chance they had had to raise prices a little bit. Prices are still unnaturally low today; but you really shouldn’t expect them to stay this way any longer. Demand for hotel rooms keeps rising month on month. And travelers on business can expect to pay up to 10% more for their hotel rooms this year. The hotel companies are being especially cautious; taking a page out of the airlines’playbook, they are either taking capacity off the market or not adding any. America hasn’t seen such a slow hotel construction market … Read the rest