Hotel rates rising fast as travel resumes

Planning a summer trip? With demand surging, hotels are raising rates.

CNBC reports that average hotel rates in Cancun are now $205 a night, up from $45 a year ago, when few people were traveling.

One of the few areas where rates are still low is New York City, as many tourists have yet to return. But elsewhere, hotel rooms are almost back up to pre-pandemic levels.

And in some cases that rate hike could happen after you booked.

January’s great deal disappears upon arrival

Back in January, Latisha Walker found a great deal on a Miami Beach hotel, a