East Coast Cities Philadelphia, Washington, D.C. and Baltimore Dominate the Top Ten
Hotwire.com(R), a leading discount travel site, today announced the results of the January 2010 Hotwire(R) Hotel Rate Report. This monthly report features the top 10 cities in North America where hotel rates have dropped the most. When combined with Hotwire's already discounted prices, the Hotel Rate Report helps guide customers to the destinations that will maximize their travel dollars. Philadelphia (with a 16 percent drop) replaces Houston, which moves down to number six with a 13 percent drop after being in the top spot for three months.
Despite gloomy predictions for the travel industry from analysts in 2008, many hoteliers in Philadelphia and other parts of the Northeast were slow to adjust their prices to the economic climate, waiting until after January. As a result, Philadelphia tops this month's list. Newcomers Washington, D.C. and Baltimore (percentage drops of 15 and 14 respectively) join mostly because of the Presidential Inauguration last year, which caused room prices to spike. Hotel inventory has normalized and, due to slow seasonal trends typical of January, hoteliers in the region have lowered rates to fill rooms. This is a great time for travelers looking for an after holiday getaway as crowds are low in these historic locales and rates are even lower on Hotwire.
Hotwire is able to find great deals, especially in these cities where prices are unseasonably low, because it works with hotels, airlines and car rental companies to fill unsold inventory. This means that customers will find deals that they won't see anywhere else.
When compared to the same time last year, the top 10 hotel price reductions for January 2010 include:
Price
Rank Hotel Market Drop Example of a Current Hotwire Deal, US$/Night
1 Philadelphia, PA 16% 3.5-star $77
2 Washington, D.C. 15% 4-star $90
3 Columbus, OH 14% 4-star $72
4 Baltimore, MD 14% 4-star $87
5 San Diego, CA 14% 4-star $89
6 Houston, TX 13% 4-star $80
7 Miami, FL 11% 3.5-star $82
8 New Orleans, LA 10% 4.5-star $94
9 Orlando, FL 10% 4.5-star $98
10 Seattle, WA 9% 4-star $96
