Last weekend my parents came to visit D.C. They stayed at a luxury hotel downtown for under $100 per night (thanks to Hotwire). In my travels and experience, I’ve found that D.C. has some very low hotel rates if you travel on the right dates. In fact, before I moved I stayed at a couple of very nice D.C. hotels and never paid more than $85 (plus tax) per night for that privilege. It does raise an interesting question though: How can D.C., a city which has unbelievably expensive housing, also offer some of the lowest hotel rates around?
The simple answer is supply and demand. D.C.’s hotel market seems to be primarily event driven. There are enough rooms scattered across the city to cover huge events, but on days when there aren’t events? Well, there’s tons of vacancy and prices are really low.
[Continue reading Rob Pitingolo’s post at Extraordinary Observations.]
Rob Pitingolo blogs at Extraordinary Observations. The Local Blog Network is a group of bloggers from around the D.C. region who have agreed to make regular contributions to All Opinions Are Local.