The hotel industry has emerged from its recessionary doldrums and it's getting harder to score a cheap room. But even with occupancy rates rising, if you're willing to book your stay blind on priceline.com or Hotwire, good deals can be had.
Ritz-Carlton will introduce a loyalty rewards program in response to declining room rates in the luxury hotel industry.
The chain long insisted that its customers were not interested in such a scheme. But with the average cost of a Ritz room at $297 at the end of the second quarter, 19% below the 2008 rate, loyalty programs now hold an appeal.