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The cost of hotel accommodations in 2023 has experienced a significant increase compared to previous years. Factors such as inflation, higher occupancy rates, and a smaller supply of hotel rooms due to construction slowdowns caused by the COVID-19 pandemic have contributed to this rise in prices. In this article, we will explore the current average hotel rates in popular U.S. and international destinations and provide tips to help you save money on hotel bookings.

Current Hotel Rates in Popular U.S. Destinations: If you are planning a trip to the United States, it is essential to consider the following average nightly hotel rates in popular destinations:

  1. Las Vegas, Nevada: $194 per night (+18% from 2022)
  2. Orlando, Florida: $152 per night (+19% from 2022)
  3. Miami, Florida: $334 per night (+41% from 2022)
  4. Los Angeles, California: $234 per night (+52% from 2022)
  5. New York, New York: $252 per night (+69% from 2022)

International Hotel Rates: Hotel room inflation is not limited to the United States. Average nightly rates have also increased in popular international destinations:

  1. San Juan, Puerto Rico: $331 per night (+12% from 2022)
  2. London, United Kingdom: $205 per night (+22% from 2022)
  3. Cancun, Mexico: $223 per night (+23% from 2022)
  4. Montreal, Canada: $171 per night (+44% from 2022)
  5. Paris, France: $260 per night (+60% from 2022)

Tips to Save Money on Hotel Bookings in 2023: To mitigate the impact of rising hotel prices, consider the following money-saving strategies:

  1. Travel during off-peak seasons: By visiting destinations during their less popular times, you can find lower hotel rates. However, be prepared for less favorable weather conditions.

  2. Join hotel loyalty programs: Booking directly with hotels and signing up for loyalty programs can unlock exclusive rates and additional benefits, such as complimentary breakfast or late check-out.

  3. Take advantage of credit card sign-up bonuses: Some hotel chains offer credit cards with sign-up bonuses that provide enough points for free nights of accommodation, reducing your vacation costs.

  4. Use cash-back portals: Booking through cash-back portals like Rakuten.com can earn you cash back on hotel bookings, allowing you to save money on your overall travel expenses.

  5. Consider non-refundable rates: If you are confident in your travel plans and have reliable travel insurance, non-refundable rates can often be cheaper than refundable ones. However, be sure to weigh the risks before committing to a non-refundable booking.

Hotel rates in 2023 have seen a significant increase compared to previous years. To make the most of your travel budget, be aware of the rising prices and utilize money-saving strategies such as traveling during off-peak seasons, joining loyalty programs, leveraging credit card sign-up bonuses, using cash-back portals, and considering non-refundable rates. With careful planning and smart choices, you can still enjoy your travels without overspending on accommodations.

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