Hotel Online  Special Report
.

advertisement


..
..
 Hotel Rooms are Pricier this Summer; 9% Average
Increase In Retail Hotel Room Rates For
Summer 2005 / Priceline.com Survey

.

NORWALK, Conn. - July 13, 2005 -- Hotel rooms are a little pricier this summer. According to a new priceline.com(R) (Nasdaq: PCLN) survey of retail hotel room prices in 35 cities for the June 15-August 15, 2005 period, the company found that, on average, hotel rates are up 9% year over year.

Destination choice is a big wild card this year as summer vacationers search out travel bargains. For example, in cities like New York, average hotel prices were up almost 25% compared to the same period a year ago. However, in Las Vegas, average retail hotel prices are down 5% year over year.

"Vacationers will find the best deals this summer in places where average hotel prices have decreased or remained relatively constant," said Tim Gordon, priceline.com's Senior Vice President, Hotel Services. "This includes destinations like Las Vegas, San Diego, San Francisco and New Orleans."

Priceline.com now gives hotel customers a choice when booking their hotel rooms. They can pick the exact hotel and room type they want from a broad assortment of thousands of hotels, all with prices published up-front. Or, for even deeper savings, they can Name Their Own Price(R) and let priceline.com find a hotel at the star level they want in the neighborhood they want. Either way, priceline.com has the hotel to make any vacation a special one.

Where Summer Hotel
Prices Are Going Down


City




Montreal
New York City
Washington, DC
Chicago
Oahu
Vancouver
Orange County
Philadelphia
Seattle
Monterey
Miami
Toronto
Boston
NJ Meadowlands Area
Denver
Orlando
St. Louis
Houston
Los Angeles
Minneapolis
San Antonio
Dallas
Maui
Baltimore
Indianapolis
Buffalo
New Orleans
San Francisco
Myrtle Beach

Year-Over-Year
Change In Average Retail Hotel Price

31.4% 
24.7%
22.1%
20.6%
20.2%
18.9%
18.6%
17.7%
14.8%
14.6%
12.8%
12.3%
11.5%
11.1%
9.6%
8.8%
8.3%
8.1%
8.0%
7.3%
7.0%
6.8%
6.4%
4.9%
4.7%
3.3%
1.2%
1.2%
0.9%

Where Summer Hotel
Prices Are Going Down


City




London
Las Vegas
Virginia Beach
San Jose
Atlanta
San Diego

Year-Over-Year
Change In Average Retail Hotel Price

-7.7%
-5.0%
-2.4%
-1.0%
-0.5%
-0.3%

* Priceline.com computed its average retail price changes based on rooms booked through priceline.com's Travelweb business unit, which sells hotel rooms on a published-price basis.

In addition to picking destinations where summer pricing changes are favorable to consumers, Mr. Gordon offered these money-saving summer travel tips:

  • Don't wait. If you know where you want to go on vacation, book now when rooms are still available. Particularly in high-demand destinations, last-minute bookers may find their rooms gone.
  • In the more expensive cities, try staying in the suburbs and rent a car or take public transportation. In many cases, the combined hotel/car cost will be less than the cost of a room in the city.
  • Las Vegas travelers should consider booking mid-week, when prices are lower and they can often get a 5-star hotel for what they'd pay for a 3-star property on the weekend.
  • Give the mid-range, 3-star hotels a good look. They're less expensive than 4-stars and they offer solid accommodations at a good price.
  • Book a vacation package that includes airfare and a hotel. Since the combined price of a package doesn't reveal how much is for hotel and how much is for the airline ticket, travel suppliers are more inclined to sell their inventories at a discount. For example, priceline.com vacation packages typically sell for up to $200 less than if the air and hotel components were bought separately.
  • Try bidding for a hotel through priceline.com. Check out priceline.com's retail prices for the star level you want, then make an offer at a lower price. This works really well for people who want that 4-star, but can't afford the current retail prices.
About Priceline.com
Priceline.com www.priceline.com is a travel service that offers leisure airline tickets, hotel rooms, rental cars, vacation packages and cruises. Priceline.com recently expanded its services, so customers now have a choice: they can pick from a broad selection of published flights, hotels, rental cars and packages at published prices or, for deeper savings, they can use priceline.com's Name Your Own Price(R) service for their travel needs. Priceline.com also has a personal finance service that offers home mortgages, refinancing and home equity loans through an independent licensee.

Priceline.com operates one of Europe's fastest growing hotel reservation services through Activehotels.com, Activereservations.com and priceline.co.uk. The company also operates the following travel web sites: Travelweb.com, Lowestfare.com, Rentalcars.com and Breezenet.com. Priceline.com licenses its business model to independent licensees, including priceline mortgage and certain international licensees.

.
Contact:

priceline.com
http://www.priceline.com

.
Also See: Hilton Hotels Corp. Initiates Distribution Standard and Online Accreditation Process for Third Party Online Travel Sites / Expedia.com and Hotels.com Are the First Fully Accredited Distributors, Hotwire.com, Priceline.com, and Travelweb.com Have Received Temporary Accreditation / June 2005
For Lowest Price - Travelers Advised to Check the Big Three Online Travel Web Sites First, Travelocity.com, Expedia.com and Orbitz.com - Then Surf the Web / March 2005


To search Hotel Online data base of News and Trends Go to Hotel.Online Search

Home | Welcome! | Hospitality News | Classifieds | Catalogs & Pricing | Viewpoint Forum | Ideas/Trends
Please contact Hotel.Online with your comments and suggestions.