[the urban politician]

^ I don't know, I get kind of a perverted joy out of high hotel prices. I like rents to be high, hotel rates to be high, everything should be high. High prices spur more construction, and more construction is cool.

If Rahm can keep raising tourism traffic to Chicago, it's possible that hotel occupancy rates will stay steady even with the new hotels coming online. The only thing that will likely put a damper on that is recent declines in convention attendance.

I would really like to see Chicago's hotel occupancies become more decoupled from its convention business.