Airport hotels are enjoying booming business this year.
In the first four months of 2014, hotels near airports in the U.S. sold a total of 27.2 million rooms. According to hotel research company STR, this is a record. As a result, airport rooms are getting more expensive and harder to find, the New York Times reported.
While the average hotel occupancy rate in 2013 was just over 62 percent, airport hotels saw an occupancy rate of 70 percent. In the first four months of 2014, that number rose as high as 72 percent for airport hotels.
Meanwhile, upgrades to airport hotels are happening all over the country as rooms, restaurants, lobbies and meeting spaces at these hotels — where prices are rising — are being renovated. [NYT] — Claire Moses