Hotwire has released the October 2011 Hotwire Travel Savings Indicator, which features the top five cities in North America where hotel, air and car rental rates have dropped the most. Using extensive pricing research to cover the three most popular travel products, the report helps guide travelers to the best destinations to maximize their travel dollars each month.

Rochester, N.Y., claims first place this month for the second time in a row with a 12 percent decrease. With more hotels offering their inventory online in recent months, competition in the local area continues to drive prices down, especially among the budget-friendly properties. Following a similar trend, and making its Travel Savings Indicator debut is Chattanooga, Tenn. With a 7 percent decrease, Chattanooga has several higher star rating hotels offering online deals and pricing competitively, which drives overall rates down. Tying for second place is Boise, Idaho, where local airport hotels are aggressively posting low rates which encourages other hotels in the area to also drop prices.

Appearing on the list for the third month in a row with a 6 percent decrease is Santa Fe, N.M., where hotel prices continue to drop due to more hotels turning to discount channels like Hotwire to help fill their unsold rooms. Rounding out the list is Williamsburg, Va., which drops from second place to fifth this month with a 5 percent decrease. Hotels in the area continue to experience softer demand compared to 2010, and many three-star hotels are offering great deals to attract business and leisure travelers. For more information, visit www.hotwire.com.