Take a look at these Lodging Facts from AAA and other travel experts. Hotels eat up 60-70%+ of your vacation budget!
Hospitality Trends reports that, according to a Visa survey, Americans plan to spend an average of $1700 on their summer vacations
(15% are staying home
and 4% plan to spend over $5000).
AAA states that lodging rates across America average
$164 per night, up nearly 9.2% from last year.
Let's do the math:
$164 hotel per night
x 7 nights
=$1148 Total Lodging
$1700 average vacation budget
-$1148 total lodging
=$552 left for transportation, food and activities
Wow! Do you know how a family of three or four can cover the rest of their vacation with $552? Me either! These lodging facts tell it all!
If you can figure out how to get there, I don't know what you're going to eat and hope you like hotel TV, because you won't be going on any dolphin safari!
That's why my children and I were in the 15% that just weren't going!
Yet the hotel industry had another record year of profits -- the best in 10 years, actually!
According to Smith Travel Research, the U.S. hotel industry’s total revenue grew 7.5 percent in 2011 to US $137.5 billion, the largest percent change in the previous 10 years, according to the Hotel Operating Statistics (HOST) Study for 2011.
Hmmm...that's a lot of money that' is a 100% loss out of my pocket! ...And what's the deal with the 9.2% inflation over last year? The whole thing sounds INFLATED to me!
Move on to Cheap Hotels from Lodging Facts