Best time to book hotel last-minute

Hotel deals are harder to come by than ever this year.

Every major hotel company CEO in recent weeks boasted on investor calls that the ability to command higher rates helped the industry recover from the pandemic at a faster pace than expected.

But there is some good news: The latest inflation data from the U.S.

showed hotel rates declined 3.2% from June to July and were only up 1.3% from a year ago — a win for customers given that, earlier this year, the hotel industry was a driver of inflation with rates jumping more than 20% at times from 2021 levels.

Still, that won't stop us from trying to figure out the best time to nab a deal for a hotel for our next vacation.

Rates are still high, after all (7% higher on average than pre-pandemic levels, according to U.S. Consumer Price Index data).

We've heard travelers trying everything from booking hotels at specific times of day to certain days in the week to score the lowest rate.

Should you book as early as possible, or wait until the las

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