Rising travel demand pushing US hotel rates to new highs, expert says

(NewsNation) — Rising hotel bookings and increasing room rates across the U.S. point to a strong travel market and resilient economy, a travel industry executive says.

A report released earlier this month found hotel performance nationwide continued to outpace last year’s growth in early May, with average daily rates rising 1.7 percent.

“We’re seeing robust, year-over-year demand for more than five years now,” HotelPlanner CEO Tim Hentschel told NewsNation.

Hentschel said prices are climbing in part because hotel construction is not keeping pace with demand.

“It says a lot about the strength of the economy that rates have been able to increase, yet year over year, we’re........

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