— The cost of a stay at a major Orlando travel company has dropped to $5.75 per night in recent months.
A study published Monday by hotel management firm Hilton HeadCount International found that for rooms booked through March 2017, the average stay was $11.84 per night.
For rooms booked for May through October, the rate dropped to just $7.55 per night, according to the study.
That is a 40 percent drop from the $14.50 per night that Hilton Headcount found in its March study.
Hilton HeadCount said that when it comes to the cost of hotels, the biggest cost savings comes in the form of savings from fewer roomings and lower rates.
They’re also seeing that the overall costs have dropped substantially.””
So we’re seeing that a lot of people are taking advantage of these savings.
They’re also seeing that the overall costs have dropped substantially.”
For now, it remains unclear how much of the savings will go to the company or how much to hotels.
Hilton Head Count has not disclosed the amount of savings, but a study from the International Business Times found that hotels were the biggest source of profits for Hilton Head count.
Hotels, however, are also responsible for some of the most expensive hotel rooms.
The study found that hotel rooms at Marriott International in New York City cost an average of $10,000 a night.
Hotel stays at other hotels were much cheaper.
For example, a room at the Hyatt Regency in San Francisco costs just $2,300 a night and stays at the Holiday Inn Express in Orlando cost $5 per night for a single night, the study found.
Hospitality industry watchers say that the low cost of staying at hotel properties and the relative ease of booking new stays at hotels will ultimately benefit travelers, as they can spend more time at the resort, which can make up for some roomings lost to travel.
For now the cost savings will mostly go to hotels that have been experiencing a slowdown in occupancy and lower occupancy rates, said Rob Schulte, senior vice president of consumer insights at hotel booking website TripAdvisor.
But hotels will also benefit from increased hotel occupancy due to increased travel demand, he said.
For example, the popularity of the holiday season is expected to boost hotel occupancy in the spring and summer months, and then some hotel occupancy will fall to a trickle in the fall and winter months, according in a report by the National Association of Realtors.
TripAdvisor said it has seen the decline in occupancy rates as well as room occupancy.
It expects occupancy to drop in the coming months.
“Hilton headcount is projecting that the occupancy rate will fall by about 15 percent from March 2017 to March 2018,” said TripAdvisory CEO Joe Ritter.
“The occupancy rate is going to be lower than what we had projected.
The hotel occupancy rate, for the most part, is a function of whether you’re buying more rooms and whether you have fewer people coming into the hotel.”
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