U.S. Cities Offer ‘Deal of the Decade’ This Summer
As summer approaches, we’ve got good news for travelers: our Deal Experts have predicted that we can expect the”deal of the decade” — up to 75% off nightly hotel rates — in many major U.S. cities this summer. Four main factors are driving these lower rates: the strong dollar, increased hotel inventory, a surplus of vacation rental units and a summer slowdown in business travel.
Domestic impact of the strong dollar: Big cities such as New York City and Miami are seeing fewer international travelers from countries such as France and Brazil, as the strong dollar makes a U.S. visit more expensive. Lower demand from international travelers leads to better deals from hotels, restaurants and entertainment companies as they try and capture domestic demand to fill the gap.
Increased hotel inventory: In 2014, Las Vegas welcomed a new 1,600-room hotel, the SLS, tipping the total number of Las Vegas hotel rooms over 150,000, and an additional 8,752 hotel rooms were added to New York City’s inventory. An increase in supply leads to more deals.
Surplus in vacation rental units: Companies like Airbnb and HomeAway are disrupting the playing field by adding accommodation options for travelers, shifting demand away from hotels and pushing rates down.
A seasonal slowdown in business travel: Business travel slows down in the summer, which means travel companies need to fill the void with leisure travelers. Hotels in cities such as Washington, D.C., Las Vegas, Orlando and New York that see heavy convention and business travel in the fall, winter and spring, drop rates by up to 60% during summer months to fill rooms.
Ready to take advantage of these incredible deals? Check out some sample deals available to book right now across major U.S. cities.
Where: Las Vegas
When: Select Sundays-Thursdays, June-August
Where: New York
When: July-August; +$20 June
When: Fridays-Sundays, June-September; +$8 Mondays-Thursdays
When: Select dates through Oct. 1
Select dates May 25 – Sept. 1