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Hotel Prices Are Soaring as Travel Rebounds

Why are hotel prices soaring so high in 2022

Hotel Prices Are Soaring

According to the latest analysis, the cost of hotel rooms in the United States has risen dramatically since the pre-pandemic year of 2019. According to research undertaken by The Family Vacation Guide, the average accommodation price in certain major cities has increased by more than 200 percent compared to three years ago, the last full year before the virus invaded the country and wreaked havoc on the tourist sector. Three-star hotel charges from June 2019 to the current year were used in the comparisons.

Except for one outlier, which isn’t an anomaly given its vicinity, the list contains all of the typical suspects. This includes the following:

  • Honolulu: From $186 per night in 2019 to $654 in 2022, the average hotel room rate has increased by 252 percent.
  • New York: In 2019, the average in New York City was $228. This year’s average is $743. That’s a 226 percent increase.
  • Chicago: It is the third city with at least a 200 percent gain, increasing from $107 to $321 per night this year.

Miami, Boston, Jersey City, Orlando, San Diego, Las Vegas, and Minneapolis rounded out the top ten, with rises ranging from 190 percent to 140 percent.

Jersey City looks to be an exception, but its position as a short ferry trip over the Hudson River to Manhattan makes its cost comprehensible. The study also looks at hotel prices that have dropped, focusing on Washington, Alabama, and California:

  • Vancouver, Washington was towards the bottom of the no-cost rise list.
  • Birmingham, Alabama is on the list with a 3% decline, decreasing from $197 per night to $192.
  • Sacramento, California ranked last on the list, with a 31% decline.