On August 27, 2009
Labor Day Hotel Rates Plummet
Travelocity.com released a Labor Day Travel Report today saying that Labor Day hotel rates dropped 15 percent from last year, as hotels attempt to lure visitors. It may be a tough sell since the Automobile Association of America points out that Labor Day this year falls on Sept. 7, at least a week or two after children go back to school, and gas prices are totaling $3 a gallon. The biggest drops in hotel rates go to recession-hit Las Vegas (-21 percent from last year,) followed closely by New York City (-20 percent.) Las Vegas airfare fell 13 percent while New York dropped 20 percent. But most hotels are competing with the recession and consumers intent on saving money rather than spending it….
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