Hopjump Becomes SmarterTravel; Announces $9 5M in Series B Financing prweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prweb.com Daily Mail and Mail on Sunday newspapers.
Inflation data says hotel prices are skyrocketing, but you can still find deals MarketWatch 4 hrs ago
Video: As prices rise, strategies for battling inflation (TODAY)
As prices rise, strategies for battling inflation
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The cost of lodging away from home, including hotel and motel rooms, increased nearly 8% between May and June, according to the latest edition of the consumer price index released this week by the Bureau of Labor Statistics. On an annual, unadjusted basis, hotel rooms rose almost 17%.
Those figures could be somewhat misleading, given that a year ago travel had all but drawn to a halt as a result of the COVID-19 pandemic. Comparing the June 2021 CPI figures with June 2019 arguably, a fairer comparison shows that hotel prices are roughly flat compared to where they were pre-pandemic.
Inflation data says hotel prices are skyrocketing, but the reality is not that simple msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
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At Miami International Airport, officials expected crowds equal to pre-pandemic levels.
Americans hit the road in near-record numbers at the start of the Memorial Day weekend, as their eagerness to break free from coronavirus confinement overcame higher prices for flights, gasoline and hotels.
More than 1.8 million people went through US airports on Thursday, and the daily number was widely expected to cross 2 million at least once over the long holiday weekend, which would be the highest mark since early March 2020.
Homeland Security Secretary Alejandro Mayorkas warned people to expect long lines at airports and appealed for travellers to be patient.