May 24, 2005
NY hotel rates rising, average night headed to $225
The average daily rate for a hotel room in New York City will top $225 this year, according to a forecast from PricewaterhouseCoopers quoted in USA Today.
In December, another consulting firm predicted New York's daily room rate would rise to $236.97 in 2005.
The return of the business traveler is the main reason for the rising rates. Though even those traveling on an expense account are feeling a pinch, according to USA Today. Sales executive Bob Ferretti of Oakton, Va., says he's been priced out of a Marriott in Newark, N.J., because it now charges more than his company reimburses. That's right, Newark.
Earlier: Hotels rack up $1.3 billion in hidden fees - analyst
1,500 new hotel rooms coming to NYC in 2006 - study
Average rate for New York hotel room rises to $212
Hotel rates to jump 14 pct in NYC in 2005, study predicts
Return of biz travel means higher hotel costs
May 24, 2005 09:32 AM in Hotelology
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