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Here’s How Much A Hotel Room Will Cost You In 10 Popular Destinations This Year

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How much does a hotel room cost in 2023?

According to Money.com, hotel prices are up 54% in January 2023 compared to the same time in 2022. That's a big jump, meaning that hotel stays can eat into your travel budget in a big way.

Women in a hotel room with luggage

The reasons for the increase in hotel prices this year include inflation, higher occupancy as travel continues to rebound, and a tighter supply of rooms due to slowdowns in hotel construction caused by lockdowns and restrictions that were imposed during Covid.

Staffing issues and shortages continue to affect hotels too, which further contributes to the tight supply and rising prices.

While it's still possible to score a good deal on hotel rooms right now (keep reading for tips on how to do so!), prices are higher than before.

Overwater bungalows

Here's a breakdown of the average hotel cost in 10 popular U.S. and international destinations based on data from Hopper.

Hotel Prices For Domestic U.S. Destinations

Planning a trip within the U.S. this year? Here's how much a hotel room will run you in five of the most popular destinations around the country:

  • Las Vegas, Nevada: $194 per night (+18% since 2022)
  • Orlando, Florida: $152 per night (+19% since 2022)
  • Miami, Florida: $334 per night (+41% since 2022)
  • Los Angeles, California: $234 per night (+52% since 2022)
  • New York, New York: $252 (+69% since 2022)

Top 5 Travel Insurance Plans For 2023 Starting At $10 Per Week

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Aerial view of Las Vegas

Hotel Prices For International Destinations

The inflation of hotel room prices isn't just limited to the United States. Average nightly rates have soared in popular destinations abroad too.

Here's a look at the cost of a hotel room in five of the top destinations for international travel this year:

  • San Juan, Puerto Rico: $331 per night (+12% since 2022)
  • London, United Kingdom: $205 per night (+22% since 2022)
  • Cancun, Mexico: $223 per night (+23% since 2022)
  • Montreal, Canada: $171 per night (+44% since 2022)
  • Paris, France: $260 per night (+60% since 2022)
Big Ben in London

How To Save Money Booking Hotels This Year

If the average hotel room prices above are giving you sticker shock, here are some tips for saving money on booking hotel rooms this year:

1. Travel during the off-season. Off-season hotel rates are much cheaper, and as a bonus, you won't have to contend with as many crowds. The only drawback is the potential for less-than-ideal weather. For example, Cancun in August or September is cheap, but you may have the occasional downpour. Europe in winter is beautiful and uncrowded, but it's also much chillier.

Young beautiful fashionable woman tourist in white hat and scarf on background of famous Arc de Triomphe or Triumphal arch. Winter or autumn in Europe. Paris, France.

2. Book direct and join hotel loyalty programs. Booking direct with a hotel often offers the lowest rate, and signing up for a hotel chain's loyalty program can earn you additional perks like free breakfast, late check-out, and accumulating loyalty points.

3. Use credit card sign-up bonuses. Many hotel chains such as Marriott and Hilton offer credit cards with lucrative sign-up bonuses, like enough loyalty points to book 2-4 free hotel nights. This can be a great way to reduce the cost of your next vacation.

Travel Credit Card Rewards

4. Book through a cash-back portal. Using a free cash-back portal like Rakuten.com can help you save money when booking hotels. For example, Rakuten offers 2.5% cash back on Hilton bookings, 3% on IHG bookings, 3% on Holiday Inn bookings, and 2% on Best Western bookings.

5. Roll the dice on prepaid hotel rates. One of the best ways to save money on hotels is by booking the prepaid, non-refundable rate. However, this is a gamble because unless you have really good travel insurance, you will not be able to cancel your booking and get your money back. But if you're confident about your travel plans, prepaid rates are often much cheaper than refundable rates.

Aerial view of beachfront hotels in hawaii

Check out this guide for more tips on saving money on hotels in 2023!

Read More:

Top 5 Travel Insurance Plans Starting At $10 Per Week

How To Easily Earn Points For Free Travel

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This article originally appeared on TravelOffPath.com

Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.