The two words “traveling” and “hotel” have long been associated, and this connection is only growing stronger today. In the United States, the hotel industry exploded after World War II, as the nation’s economy recovered and commercial travel took off. During this time, the interstate highway system, organized labor, and other factors contributed to this growth. As a result, hotels have become a domestic political battleground and a vital link between places.
Cancellation policies for traveling and hotels can vary significantly depending on the brand and type of property. In most cases, you are required to provide at least twenty-four hours’ notice for cancellations. If you fail to do this, you may face a cancellation fee. Cancellation fees have become a hot topic with hotel chains, as the 24-hour cancellation policy has left them with unsold rooms. But if you are a leisure travel agent, you may be able to negotiate a flexible cancellation policy with hotels.
Location is one of the most important factors to consider when choosing a hotel. Whether you’re traveling for business or pleasure, your hotel’s location will influence nearly all of your activities. The more convenient your hotel is, the less time you’ll have to spend on transportation.
Travel and hotel rates in off-season months can be a great deal cheaper than during peak travel months. As the summer season approaches, the cost of travel and hotel stays often goes up. In March, travel costs rose 8.5 percent, and hotel rates increased 11.7 percent. This is not surprising given that consumers are willing to pay more for an exceptional experience. In addition to the price difference, many travel companies offer credit vouchers for up to 18 months to customers who need to cancel their reservations.
Alternative accommodations have become increasingly popular in recent years, and the trend is only going to continue to grow. According to PhocusWire, a 1% shift in lodging market share in the United States would result in an estimated $2.5 billion in bookings. Many travelers are increasingly opting for unique and customized experiences and are looking for more than just a hotel or resort.