Inflation and supply chain challenges are affecting the hotel business, like almost all others, causing an across-the-board increase in room rates.
The average daily rate for hotels in Duval County was $115.01, up 8.9% in May compared with May 2021, according to data compiled by STR, a lodging industry analytics firm, and provided by Visit Jacksonville.
A report by Bloomberg.com says higher costs for labor and shortages of supplies needed to operate are being felt by hotel operators nationwide.
Read the rest of this story at WJCT News partner the Jacksonville Daily Record.