Travel Deal of the Day (March 19, 2008)

With the economy slowing, be on the lookout for deals on hotels.

The Deal:
During the boom of the last few years, hotels had been experiencing extremely high demand, causing hotel prices to increase at a rate that was greater than inflation. Many hotels in leisure destinations are now either reducing the rate of increase in hotel rates or actually decreasing rates. One prime example are luxury-level hotels in Hawaii. Hawaiian hotels had been increasing rates at a breakneck pace over the past few years. I have noticed that many luxury hotels this year have either frozen rates or dramatically reduced the increase in rates. If you are in a position to travel on a vacation this year, be aware that deals should be more commonplace. Negotiate with the hotel more and look for more AAA, ABA. Entertainment and other discounts. In addition, Priceline and Hotwire should have access to more rooms at very competitive rates.