While it may seem like the cost of everything is rising, hotel prices are actually dropping in some popular U.S. travel destinations. According to Hotel.com’s latest Hotel Price Index, average rates fell in 16 top domestic cities from 2023 to 2024 — with five destinations seeing drops of 6% or more.
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For travelers looking to stretch their budgets, these price drops could mean significant savings on accommodations, especially in cities that are typically more expensive.
Here are the U.S. destinations where hotel prices have dropped the most since 2023.
1. San Francisco
- Average daily rate (2024): $198
- Year-over-year change (2023 to 2024): -9%
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2. Austin, Texas
- Average daily rate (2024): $171
- Year-over-year change (2023 to 2024): -7%
3. Atlanta
- Average daily rate (2024): $164
- Year-over-year change (2023 to 2024): -6%
4. Nashville, Tennessee
- Average daily rate (2024): $225
- Year-over-year change (2023 to 2024): -6%
5. Portland, Oregon
- Average daily rate (2024): $162
- Year-over-year change (2023 to 2024): -6%
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This article originally appeared on GOBankingRates.com: 5 Popular US Destinations Where Hotel Prices Are Falling
