Hotels have been a part of the history of travel for centuries. They serve as a necessary connection between places, people, and events. For example, hotels provide a place to sleep, a restroom, and a meeting space. In some cases, these hotels may also offer room service and free Wi-Fi.

The hotel industry in America has grown rapidly over the past decade. It has become a key component in the postwar economic recovery.

Since the mid-19th century, hotels have played an important role in connecting travelers. This is particularly true during the busy travel seasons.

Hotel prices continue to rise due to pent up demand. As a result, hotels are decoupling more services from accommodations.

Many hotels now offer rewards programs for guests, which can be redeemed for discounts or gift cards. These discounts can save hundreds of dollars over a week’s stay.

Some hotels also offer flexible cancellation policies, which can be beneficial to budget travelers. However, it’s still a good idea to read the cancellation policy closely. You want to make sure it meets your country’s laws.

Prices for hotels tend to rise during the summer, as most popular tourist destinations increase rates. Travelers should also consider booking their stay in advance. If they book early, they have more of a chance of getting a refund.

Hotels also often offer discounts for families. Several hotels also offer discounts for employees. Also, some offer 72-hour cancellation policies.

A recent NerdWallet study found that if you booked your hotel fifteen days in advance, you’d get an average rate 15% lower than if you booked last minute.