Business Journal: Local Hotel Rates Rising
Hotels around the nations have been raising rates and Sacramento’s no exception.
Friday, December 15, 2006
Business travelers in Chicago, New York and other major cities have noticed the significant rise in the cost of hotel rooms … and Sacramento too has been part of the trend. Daily room rates rose nearly 8 percent in the first 10 months of this year, compared to the year prior. It’s gone from an average of $96 a room to $103. Nationally, rates are up because leisure travel has recovered from 2001 … and business travelers are on the road again in big numbers. Locally, about 500 hotel rooms were added during the past year … which makes the increase in rates even more noteworthy.