Traveling and Hotels
Hotels are a vital part of travel, both for families and business travelers. Traveling can be expensive, and hotels can save you hundreds of dollars per week. Hotel rates are often discounted during off-season, so choosing wisely can save you big.
The hotel industry in the United States has grown dramatically in recent years. A recent study by the Bureau of Labor Statistics shows the industry has increased by nearly $17 billion.
The hotel industry’s explosive growth can be attributed to several factors. One of the most significant was the rise in commercial travel. After World War II, incomes and the number of Americans traveling increased. This helped fuel a three-decade economic boom.
With the growth in the hotel industry, millions of Americans were able to take paid vacations. Since then, the hotel industry has become an important link between destinations. It has also been linked to international politics.
The development of the interstate highway system, which made it easier to travel, contributed to the boom. Additionally, the rise of passenger aircraft made traveling easier.
Hotels now offer a wide range of amenities. These include free Wi-Fi, room service, parking, and even meeting rooms. Some hotels even offer special discounts for employees.
The hotel industry’s expansion has been especially robust in the last decade. However, the industry still represents a small portion of the total travel industry.
The hotel industry is now a thriving business, and stakeholders have embraced new business models. Many hotels offer rewards programs, which allow guests to earn points and use them for travel discounts.