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‘Life is Short’ Mantra Drives U.S. Hotel Prices to Record Highs

Weekend stays at luxury resorts and roadside properties are getting more expensive, but so far consumers aren’t pushing back.

An event at 1 Hotel South Beach in Miami, Florida, in February. 

An event at 1 Hotel South Beach in Miami, Florida, in February. 

Photographer: Alexander Tamargo/Getty Images

American travelers are raring to go, and rising hotel prices aren’t stopping them.

For evidence, see what Miami hotels are demanding on the weekend in early May when the Formula 1 racing series comes to town: The 1 South Beach is requiring four-night minimums at just under $4,000 a night, while the Hampton Inn in the city’s Brickell neighborhood is charging more than $400 a night.