Top business travel cities see jump in hotel ratesFriday, June 7, 2013 2:42:49 PM
Hotel rates in the nation's most popular business travel cities have jumped, which means road warriors on a budget may want to consider booking a room outside the city limits and using a car rental to drive to their meetings.
According to Travel Leaders Corporate, the top 10 most booked cities - including New York City, Chicago and Los Angeles - saw an increase in the cost of hotel rooms per night between the first quarter of 2012 and the first quarter of 2013. The largest jump in the average nightly cost of hotel rooms was seen in Miami, with an increase of 11 percent.
Travel Leaders Corporate also reported a 21 percent increase in the total number of hotel nights booked in 2013 compared to 2012.
"Several industry indicators have suggested that overall domestic hotel rates would continue to inch upward, and our data reflects that trend," David Holyoke, president of Travel Leaders Corporate, said in a statement.
The report's findings that car rental rates have hit a three-year low provide further indication that's it's a good idea to book a hotel room outside of the city and use an airport car rental to get around.