Rising Gas Prices Trouble Hoteliers
Posted 4/25/2011 - 7:49:34 AM
http://www.hotelbusiness.com/hb/links/news/news.asp?ID=40947
WASHINGTON, DC–With the average price of a gallon of gas in the U.S. hitting $3.84 last week, hotel owners and managers remain concerned about the impact on summer drive-in bookings.
According to the AAA Daily Fuel Gauge Report, the $3.84 figure is up $.30 since the start of the month and is 35% higher than the price a year ago.
Most vulnerable to the spike in prices are select-service roadside hotels that cater to leisure travel.
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