Report: Gas prices aren’t affecting hotel stays

With gas having increased exponentially over the past several months, CoStar’s hospitality analytics firm found that hotel rates have been increasing and do not show an impact on hotel demand. “The effects on American wallets are real, but based on historical comparisons, the impact from rising gas prices has not been large enough to deter travelers from making trips that require hotel accommodations,” said Isaac Collazo, STR’s vice president of analytics.