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Reader Comments (Page 1 of 1)
1-03-2010 @ 9:25PM
Dr. Ed Gunther said...
Are you kidding? Hotel rates jumped to rediculous levels in the past few years, then have fallen a bit recently. I thought it was a market correction, not temporary relief. Mediocre hotels had gone to $80 - $100 a night, and that's just too much for a Holiday Inn Express type hotel. Sure they have costs, but that's $3,000 a month for a room. Nicer hotels, like Hilton Garden Inn's seemed to creep up from the $99 a night range to absolutely rediculous levels, like $120 - $160 a night. People who absolutely didn't HAVE to travel largely avoided hotels whenever possible. I know a National Park hotel that went up about $10 a year, that's around 10%, when inflation was running about 3.5% .....rediculous. Another one, a Comfort Inn (ha) went to $115 a night, and it was $49 a night a decade ago. Consider, if a Toyota Camry went up at the same rate, it would be $60,000 today. Worse, the hotel is 10 years older and not as nice.
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