From the Wires
Hotwire Reveals November 2012 Travel Savings Indicator
Warmer Weather Escapes like Hawaii, Vegas, Miami Beach and Palm Springs Offer Deep Discounts on a Variety of Travel Products
By: PR Newswire
Nov. 20, 2012 06:02 AM
SAN FRANCISCO, Nov. 20, 2012 /PRNewswire/ -- Hotwire.com®, a leading discount travel site, today released the November 2012 Hotwire® Travel Savings Indicator, which features the top five cities in North America where hotel, air and car rental rates have dropped the most as compared to the same time last year. Using extensive pricing research to cover the three most popular travel products, the report helps guide travelers to the best destinations for maximizing their travel dollars each month.
"If you're missing the summer sun, then you're in luck because we're seeing many warm weather destinations offering deep discounts this month," said Clem Bason, president of the Hotwire Group. "Folks can take advantage of deals all the way from the Hawaiian Islands to the tip of Florida, and maybe they'll also be sporting a great tan in all their holiday photos as well."
Hotel Price Drops
Las Vegas tops the list for the fourth month in a row with a 10 percent drop. Convention business continues to be slow, but that's good news for leisure travelers looking to hit the pools, shows and casinos at a fraction of what it typically costs.
Knoxville and Milwaukee join the list as newcomers with eight and seven percent drops, respectively. In Milwaukee, hoteliers are concerned that this winter's weather won't be as mild as it was last year and are lowering rates to adjust. Meanwhile, travelers to Knoxville can put the money they'll save on accommodations toward experiencing a vibrant live music and nightlife scene or visiting plenty of Civil War history at attractions like the Blount Mansion, and the Old Gray Cemetery.
Palm Springs and Charleston – named the top destination in the world in the 2012 Conde Nast Traveler Readers Choice Awards – round out the list with six percent drops. Convention business is down in this Southern California resort town, leaving Palm Springs with rooms to spare, while hoteliers in Charleston are discounting to keep the momentum going from a busy October and early November.
When compared to this time last year, the top five hotel price reductions for November 2012 include:
Air Price Drops
Colorado Springs, just a short drive from some the best ski resorts in the country, tops the airfare list this month with an 18 percent drop. However, the real airfare story is in Hawaii, where carriers are locked in a bit of a pricing war that's creating drops in Honolulu (16 percent), Lihue, (12 percent) and Kahului (11 percent). Meanwhile, Toronto continues to compete with U.S. border towns for the best rates, but drops down the list from second place to fifth place this month with a nine percent drop.
When compared to this time last year, the top five airfare price reductions for November 2012 include:
Car Price Drops
For the second month in a row, Cincinnati tops the car rental list with a steep 33 percent drop. Detroit also reappears on the list with a 21 percent drop, though this month it's tied for second place with newcomers Jersey City and Seattle, which has been absent since June. Sunny Miami Beach, the last of the warm weather destinations on this month's TSI and the perfect place for a convertible, rounds out the top five with an 18 percent drop.
When compared to this time last year, the top five car rental price reductions for November 2012 include:
For over 12 years, Hotwire has worked with hotels, airlines and car rental companies to fill unsold inventory. As a result, Hotwire offers travelers amazing deals, every day of the year, across a variety of markets. Through Hotwire's deep understanding of the industry and unique relationships, consumers have been able to save millions of dollars on all their travel needs.
About the Hotwire Travel Savings Indicator
The Hotwire Travel Savings Indicator runs results during the second week of each month. Results are calculated by looking at Hotwire booking data for select regions in the current month, and comparing prices in the current month against Hotwire prices in the same month in the prior year. Prices are compared within the same categories (e.g., star rating, class of car) for consistency, and the percent change in price for each region is generated as an overall average of the changes in those categories. The hotel prices in the charts above are examples for a particular Hot Rate® deal within that market. The airfare and car rental prices are average prices based on bookings across all car and seat classes. Actual prices may be higher or lower than the examples that are provided.
Hotwire.com is a leading discount travel site with low rates on airline tickets, hotel rooms, rental cars, cruises and vacation packages. Launched in 2000, Hotwire, Inc. obtains deep discounts from its travel suppliers to help travelers book unsold airline seats, hotel rooms and rental cars. Hotwire is an award-winning website and Hotwire, Inc. is an operating company of Expedia, Inc. CST # 2029030-50. NST: 20003-0209. For more information, visit http://www.hotwire.com. Hotwire.com operates sites in 8 countries worldwide: www.hotwire.com, www.hotwire.com/uk, www.hotwire.com/ie, www.hotwire.com/au, www.hotwire.com/nz, www.hotwire.com/se, www.hotwire.com/no and www.hotwire.com/dk. In addition to Hotwire, The Hotwire Group of websites includes: www.hotwire.com and www.carrentals.com.
Hotwire, Hotwire.com and the Hotwire logo are either registered trademarks or trademarks of Hotwire, Inc. in the U.S. and/or other countries. All other trademarks are the property of their respective owners. © 2012 Hotwire, Inc. All rights reserved. CST # 2053390-50.
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