If you’re looking for a great hotel deal this summer, better get your wallet out.

There are rising operating costs, ranging from electricity to fuel to imported goods.

Combined with staff shortages. 71% of hotel owners cite skyrocketing costs of goods and supplies. 65% of owners report labor costs have jumped. And half of hotel operators claim their energy costs have risen steeply.

And then, there is dropping demand at a time when hotels should be full.

Translation:. A good idea to book your hotel rooms as early as possible to hedge against rising room rates this coming summer.