Budget hotel vacancies soar past 50% as inflation-wary Americans curb travel.

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With more than half of budget hotel rooms sitting empty, the hotel industry faces a significant downturn as inflation-weary travelers tighten their belts. Preliminary data reveals a 5% drop in occupancy rates compared to last year, signaling a stark decline in revenues per available room amid the economic challenges posed by inflationary pressures.

 

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