Many Starwood locations in North America, Latin America and the Asia Pacific Region are offering reduced rates for reservations made by Monday, July 20, for stays before October 12. CNNMoney.com stated the reason for the offer was to boost slumping sales as businesses and consumers slash spending. This offer is good until Monday so book your travel this weekend. I would expect other hotel chains to continue to offer discounted rates with some offering substantial savings in the coming months.