On average rates remain lower than a year ago, but are rising at the same time as increased interest in travel among Americans.
Nightly hotel rates, while still somewhat lower than those of one year ago, are slowly rising to match or—in some popular destinations—surpass pre-pandemic prices, according to travel booking technology company Koddi.
Over the last 30 to 45 days, Koddi has seen current hotel rates rise to just 5% lower, on average, than at the same time one year ago, compared to as much as 11% lower earlier in 2021, Deep Kohli, senior director of client services at the firm, told CNBC.
The week of April 11, U.S. hotel demand was up 13.7%, the second-highest level this year after it peaked in March for spring break travel.
Accommodations in high-demand regions—near beaches and national parks, for example—are now above pre-Covid levels, Kohli said, although major cities like New York and Chicago are still seeing depressed rates owing to a slower recovery.