Hotel Room Rates Surge for Summer 2005
BOSTON, MA, July 13, 2005. According to a new priceline.com survey of retail hotel room prices in 35 cities for the June 15-August 15, 2005 period, the company found that, on average, hotel rates are up 9% year over year.
Destination choice is a big wild card this year as summer vacationers search out travel bargains. For example, in cities like New York, average hotel prices were up almost 25% compared to the same period a year ago. However, in Las Vegas, average retail hotel prices are down 5% year over year.
"Vacationers will find the best deals this summer in places where average hotel prices have decreased or remained relatively constant," said Tim Gordon, priceline.com's Senior Vice President, Hotel Services. "This includes destinations like Las Vegas, San Diego, San Francisco and New Orleans."
Priceline.com now gives hotel customers a choice when booking their hotel rooms. They can pick the exact hotel and room type they want from a broad assortment of thousands of hotels, all with prices published up-front. Or, for even deeper savings, they can Name Their Own Price(R) and let priceline.com find a hotel at the star level they want in the neighborhood they want. Either way, priceline.com has the hotel to make any vacation a special one.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
