Hotwire.com today released the February 2012
Hotwire® Travel Savings Indicator, which features the top five cities in
North America where hotel, air and car rental rates have dropped the
most compared with the same time last year.
Using extensive pricing research to cover the three most popular travel products, the report helps guide travelers to the best destinations to maximize their travel dollars each month.
"Travelers shouldn't rule out the idea of a winter vacation. We're seeing some great price drops in popular destinations that have not made our list in some time, and we welcome their return," said Clem Bason, president of the Hotwire Group. "Washington, DC and San Francisco have consistently been offering great deals throughout the season, but we're especially excited to see places like New York City, Las Vegas and San Diego presenting themselves as great options for getaways before spring break and summer travel begins to drive prices back up."
Hotel Price Drops
Taking the number one spot with a 22 percent decrease is the Reno/Tahoe area. Lack of snow has caused hotels in the vicinity to become more aggressive on their pricing across the board to generate more bookings. This competition has caused some big price drops and stellar deals on sites like Hotwire.
Last year, the Steelers made the NFL playoffs and made it all the way to the Super Bowl, providing a boost in hotel bookings inPittsburgh. This year, the team hasn't had so much success, so the hotels that would typically sell out during home playoff games have seen less demand, causing rates to decrease significantly. With fewer events on the calendar for the beginning of 2012, travelers should be able to find good deals.
Cincinnati, Ohio drops from number one to number three this month with a four percent decrease. Overall, 2012 is shaping up to be a slower convention year for this big Midwestern destination, and with less citywide events, hotels in the area are reacting by offering great rates to attract more leisure guests.
Las Vegas and New York City are top markets that make the list this month, both with a three percent decrease. Convention business is picking up slower than usual in Las Vegas, resulting in ample last-minute deals for leisure travelers. Since the city has seen a building boom in hotels over the past few years, this has also helped keep prices especially competitive.
New York City has not appeared as a top market for hotel deals in quite some time, but is a great value destination for travelers right now. Midtown and Times Square area hotels have had a decent January and February, but not compared to this time last year, so many properties are dropping prices to drive more reservations. Throughout the rest of the winter season, consumers will be able to find great deals at the 4.5 and 5 star levels, and for those who really know the area well, Hoboken, Jersey Cityand Brooklyn will have some deep discounts as well.
Using extensive pricing research to cover the three most popular travel products, the report helps guide travelers to the best destinations to maximize their travel dollars each month.
"Travelers shouldn't rule out the idea of a winter vacation. We're seeing some great price drops in popular destinations that have not made our list in some time, and we welcome their return," said Clem Bason, president of the Hotwire Group. "Washington, DC and San Francisco have consistently been offering great deals throughout the season, but we're especially excited to see places like New York City, Las Vegas and San Diego presenting themselves as great options for getaways before spring break and summer travel begins to drive prices back up."
Hotel Price Drops
Taking the number one spot with a 22 percent decrease is the Reno/Tahoe area. Lack of snow has caused hotels in the vicinity to become more aggressive on their pricing across the board to generate more bookings. This competition has caused some big price drops and stellar deals on sites like Hotwire.
Last year, the Steelers made the NFL playoffs and made it all the way to the Super Bowl, providing a boost in hotel bookings inPittsburgh. This year, the team hasn't had so much success, so the hotels that would typically sell out during home playoff games have seen less demand, causing rates to decrease significantly. With fewer events on the calendar for the beginning of 2012, travelers should be able to find good deals.
Cincinnati, Ohio drops from number one to number three this month with a four percent decrease. Overall, 2012 is shaping up to be a slower convention year for this big Midwestern destination, and with less citywide events, hotels in the area are reacting by offering great rates to attract more leisure guests.
Las Vegas and New York City are top markets that make the list this month, both with a three percent decrease. Convention business is picking up slower than usual in Las Vegas, resulting in ample last-minute deals for leisure travelers. Since the city has seen a building boom in hotels over the past few years, this has also helped keep prices especially competitive.
New York City has not appeared as a top market for hotel deals in quite some time, but is a great value destination for travelers right now. Midtown and Times Square area hotels have had a decent January and February, but not compared to this time last year, so many properties are dropping prices to drive more reservations. Throughout the rest of the winter season, consumers will be able to find great deals at the 4.5 and 5 star levels, and for those who really know the area well, Hoboken, Jersey Cityand Brooklyn will have some deep discounts as well.
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