The monthly Hotwire Hotel Rate Report, featuring the 10 cities in North America where room rates are recovering the slowest, has listed the island of Oahu as having the continent’s fourth-slowest recovery rate.
According to the latest edition of the report, released June 10, Oahu hotel prices were down 3% from the same period last year, and the destination is "trying to take advantage of recovering travel demand by lowering prices at the start of the summer traveling season to spark traveler interest."
"As we’re starting to see a slight upswing in hotel rates nationwide, the role of discount travel sites may become important," Clem Bason, president of the Hotwire Group, said in a statement. "For some markets, we’re not going to see hotel prices as low as we saw last summer, but that doesn’t mean you can’t still find a great deal."
Madison, Wis., took the No. 1 spot on the Hotwire list, with a 6% year-over-year drop in hotel room prices. Sacramento, Calif., and the Miami-Fort Lauderdale area ranked second and third, respectively: both locations saw room rates drop 4%.