The cost of a visitor’s daily living expenses speaks volumes about the current state of economy in KC…
I’m talking about the per diems companies hold their employees expenses to when traveling on business. Generally speaking the per diems were up marginally for 2012. Hotel rates increased while car rentals and meal expenses decreased slightly.
However, per diems going down doesn’t necessarily speak well for a given market like Kansas City. It can mean that economic pressures are forcing the local hospitality industry to lower its pricing structure. So it’s really more about what a market can and WILL bear.
And it’s all very competitive between cities. Especially when it comes to attracting conventions. Continue reading