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Hotels in the Hamptons, Miami Rank Worst for Price Gouging

But prices in other hot markets have barely changed at all.

Faena Hotel, Miami Beach.

Faena Hotel, Miami Beach.

Photographer: Todd Eberle

By now you probably don’t need us to tell you that hotel prices have skyrocketed. But just how bad is it out there? The reality is that the answer depends entirely on where you’re looking.

According to hotel market data provider STR, hotel prices increased by around 33% across the US over the last year, based on national averages from April and May, the most recent months when figures were available. But individual destinations, both stateside and abroad, paint vastly varying pictures.