Gold futures log minor gain after selloff

By Carla Mozee and Barbara

Kollmeyer, MarketWatch

LOS ANGELES (MarketWatch) — Gold futures rose Monday, logging a small gain after a 3% selloff at the end of last week was set off by stronger-than-expected U.S. jobs data.

Gold for August delivery GCQ3 +1.67% rose $8.70, or 0.7%, to $1,221.50 an ounce in electronic trade.

Investors on Friday lopped off $39.20, or 3.1%, from gold prices on worries the U.S. Federal Reserve later this year will start tapering its program of bond purchases, which analysts have said has been a source of support for gold prices.

Bloomberg News Enlarge Image
Gold reaches for gains following 3% selloff.
Those worries were reinforced after the U.S. Labor Department said the economy created 195,000 new jobs in June. Economists surveyed by MarketWatch had expected, on average, the addition of 155,000 jobs.

“The June payrolls figures are a confirmation that ongoing hiring is continuing to support the U.S. economic expansion,” CIBC economist Emanuella Enenajor wrote to clients Friday.

The Fed has said it may reduce the pace of government-debt purchases from its current level of $85 billion a month if the economy continues to improve in line with its expectations, and anticipation for such a move has weighed on gold prices this year.

Investors will look for more insight into the Fed’s outlook for monetary stimulus when minutes from its meeting in June are released on Wednesday.

“However, with hours worked slowing and broader measures of joblessness still elevated, it’s clear that we’re still very far away from a normal jobs market,” said CIBC’s Enenajor, adding they expect to see softer growth in the second quarter, and possibly, in the incoming months, some slowing in the pace of hiring.

Barclays analysts said in a note Monday that physical demand for gold is softer and the prices are more likely to endure more downside, given the size of cash negative exchange-traded products. Barclays predicts gold prices will be around $1,200 an ounce by the end of the third quarter and $1,393 at year’s end.

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The Next 24: Alcoa, Fed, J.P. Morgan
Some life may return to the markets next week as Alcoa kicks off quarterly earnings and the Fed releases minutes from its last meeting. J.P. Morgan Chase rounds out the week with its report. MarketWatch’s Laura Mandaro reports. (Photo: Getty Images)

“ETP holdings continue to bleed and are down 8 tonnes for the month of July so far. Total metal held in trust has fallen to 2168 tonnes, the lowest since June 2010, and net redemptions have reached 593 tonnes for the year to date,” wrote Suki Cooper and other analysts at Barclays in a note.

Gold prices on Monday managed to gain ground despite a rise in the U.S. dollar DXY -0.06% against the euro and other currencies, keeping the ICE dollar index at a three-year high. A stronger greenback can pressure dollar-denominated commodity prices by making futures more expensive for holders of other currencies.

Billionaire investor Jim Rogers said in an interview over the weekend that while he won’t sell his gold, he expects prices could push to $1,000 or $900 an ounce. In an interview with Business Insider published July 6, Rogers said a 50% correction for gold is possible and probably needs to happen after the metal’s 12-year run. “We got to shake out more people…Then gold prices will make a nice, firm bottom,” he said.

In other trade Monday, September silver SIU3 +2.26% picked up 7 cents to $18.80 an ounce. Platinum for October delivery PLV3 +1.63% rose $8, or 0.6%, to $1,334.40 an ounce, and September palladium PAU3 +1.99% rose $2.40, or 0.4%, to $679.95 an ounce.

September copper HGU3 +0.26% remained at $3.07 a pound.

Carla Mozee is a reporter for MarketWatch, based in Los Angeles. Follow her on Twitter @MWMozee.
Barbara Kollmeyer is an editor for MarketWatch in Madrid. Follow her on Twitter @MWBarbaraKollmeyer.
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Oil nears $104 on Egypt uncertainty, U.S. data

Oil slips from 14-month high on firmer dollar

By Sara Sjolin and Carla Mozee, MarketWatch
LONDON (MarketWatch) — Benchmark U.S. crude-oil futures retreated from its highest level in more than a year on Monday, as a firmer dollar added pressure on prices, although unrest in Egypt helped limit the losses.

Crude for August delivery CLQ3 -0.42% slipped 18 cents, or 0.2%, to $103.04 a barrel, pulling back from last week’s leap of 6.9%, the largest weekly percentage gain since late February 2011, according to FactSet data.

The losses on Monday came as the U.S. dollar rose against the euro and other currencies, keeping the ICE dollar index DXY -0.04% around a three-year high. A stronger greenback can hurt dollar-denominated oil prices by making oil futures more expensive for holders of other currencies.

Oil prices, however, remained above $103 a barrel as focus firmly remained on supply concerns in the Middle East, after Egypt’s new leaders late Saturday said they hadn’t named opposition figure Mohamed ElBaradei as Egypt’s interim prime minister, underscoring political instability in the country.

Reuters Enlarge Image
Following the ouster of Egyptian President Mohammed Morsi (pictured in a portrait above), oil traders are watching for further turmoil in the North African nation.
Egypt controls the key Suez Canal and an adjacent pipeline used to transport a significant amount of the region’s oil trade.

ElBaradei is a leader of secular groups that opposed Mohammed Morsi, who was ousted last week as Egypt’s president in the wake of massive protests. Oil prices last week climbed to more than $100 a barrel after Morsi rejected calls to resign.

Clashes between Morsi supporters and critics have left more than 30 people dead, according to various reports.

On Friday, oil prices advanced 2% to the highest settlement price for a front-runner contract in 14 months at $103.22 a barrel, finding support after a larger-than-expected 195,000 new jobs were added to the U.S. economy in June, raising prospects for energy demand.

Click to Play
Quebec oil-train fire causes big blast
A tragic train derailment causes a massive explosion in Lac Megantic, Canada, resulting in fatalities.

Meanwhile, flows to energy-sector funds ending July 3 exceeded $2 billion for the first time since the first quarter of 2011, against “a backdrop of fresh turmoil in Egypt, still improving U.S. economic data and declining oil production in Mexico, Venezuela and Nigeria,” fund tracker EPFR said Friday.

Elsewhere in the energy complex, August futures for benchmark Brent oil UK:LCOQ3 -0.55% dropped 57 cents, or 0.5%, at $107.15 a barrel on Monday. They finished Friday’s session up 2.1% on ICE Futures. Last week, prices rose 5.2%.

In other trading Monday, August gasoline RBQ3 +0.24% slipped a penny to $2.88 a gallon, and August heating oil HOQ3 -0.25% fell one cent to the $2.98-a-gallon level.

August natural gas NGQ13 +1.60% rose 4 cents, or 1.2%, to $3.65 per million British thermal units.

Sara Sjolin is a MarketWatch reporter based in London. Follow her on Twitter @sarasjolin.
Carla Mozee is a reporter for MarketWatch, based in Los Angeles. Follow her on Twitter @MWMozee.

At least 2 dead in Asiana jet crash at SF airport

By Sue Chang, MarketWatch

An Asiana Airlines Boeing 777 crashed while landing at San Francisco International Airport on Saturday. Image provided by KTVU, Oakland, Calif.
SAN FRANCISCO (MarketWatch) — At least two people died Saturday and another 40 were critically injured when an Asiana Airlines jet crashed as it landed at San Francisco International Airport and caught fire, according to media reports.

Click to Play
Asiana plane crash lands in SF
An Asiana Airlines Boeing 777 made a crash landing at San Francisco International Airport. Raw footage shows smoke coming from the plane. It wasn’t immediately clear if there were any injuries. Photo/Video: YouTube/Scott Trayler

As many as 100 of the reported 303 people on board Asiana Flight 214 suffered injuries, according to media reports. The injured were being treated at hospitals in San Francisco and three nearby counties.

The crash came about 11:30 a.m. Pacific, as the Boeing 777 was landing after a 10-hour, 23-minute flight from Incheon, South Korea.

Buses were seen taking passengers from the airplane, which stopped next to a runaway some distance from the terminals.

Television footage showed much of the middle section of the plane burned out and the jet surrounded by emergency responders.

A traveler at the airport told MarketWatch that all runways are closed and all flights grounded for now. It’s standard procedure in San Francisco to close the runways after such an incident. CNN reported that a number of flights were diverted Saturday afternoon to Los Angeles International Airport, LAX officials said in a post to the airport’s official Twitter account.

San Francisco airport officials said they planned to open two of the hub airport’s four runaways later Saturday afternoon.

The National Transportation Safety Board said it would send a team of experts to the site and Boeing Co. BA +1.27% , the airplane maker, said it would assist in the investigation, The Wall Street Journal reportedf.

Asiana KR:020560 -0.58% is owned by Kumho Asiana Group and is one of the two major South Korean flag carriers.

South Korea’s main international airport is Incheon and serves air traffic out of Seoul. Flights between Seoul and San Francisco are one of the most popular routes and tend to be packed during the summer months.

Kristina Stapchuck saw the dramatic scene unfold in San Francisco from her seat on a plane on the airport tarmac. Soon after Flight 214 touched down, “it looked like the tires slipped a little bit and it rocked back,” CNN reported. Parts of the plane began to break off as it rocked and then began to spin. “It all happened so suddenly,” Stapchuck told CNN.

Anthony Castorani, who saw the flight land from a nearby hotel, said he saw the plane touch the ground then noticed a larger plume of white smoke. “You heard a pop and you immediately saw a large, brief fireball that came from underneath the aircraft,” CNN quoted him as saying. “It began to cartwheel.”

Home on the High Seas

By Dawn Wotapka

Without ever leaving their home, Mark and Deb Bennett can spend a few nights in Copenhagen. And Italy. And even Antarctica.
Between 2011 and 2012, their residence on the high seas sailed to the seven continents, where adventures included visiting a tropical rain forest and watching walruses in the wild. If the couple feels like staying in, chefs are on standby to whip up cuisine in their home. Or they can choose among the six restaurants that are within walking distance of their one-bedroom apartment.
The Bennetts own one of the 165 private residences aboard the World, a luxury ocean liner that lets its residents spend their lives at sea. Launched in 2002, the World is the oldest and largest residential ship on the water. Now, two new competitors are on the horizon: the Utopia, a $1 billion, 200-unit residential ocean liner that developers say is about three years from being finished; and the Marquette, a planned $110 million condo boat with up to 180 residences that would travel on inland waters in the U.S.
Current and former residents of the World say that life on a luxury liner fulfills their fantasy of travel—without many of the hassles. Unit owners’ residences are for their exclusive use, so clothes and personal belongings are always on hand. Residents learn the names of their “neighbors,” and numerous social events and outings create a sense of community.
“There’s never a dull moment,” says John Demartini, a retired chiropractor and a human-behavior specialist and author who has long considered the World his home. Mr. Demartini, who formerly lived in Houston and New York City, paid around $800,000 for a one-bedroom suite.
Owners of the units, which range from studios to a penthouse with room for 12, pay annual fees of 10% to 15% of the purchase price to cover everything from staff salaries to vessel maintenance. Residents hail from 19 countries, including the U.S. and Australia, and the average age is 64, a spokeswoman says. Residences have sold for between $700,000 and $10 million, and some are currently available for resale. Mr. Bennett declined to say how much he paid for his one-bedroom residence.
Many owners keep a primary residence in their home country and use the World as a second home. Mr. Bennett, for example, is a managing partner at a law firm in Dallas, where he and his wife have downsized from a lake estate to a two-bedroom townhouse because of their travels. But even those who live on the ship full-time are subject to tax and residency requirements of their home country.
Bill Powers expects to be one of the first residents when the Utopia is ready to set sail. He plans to buy a three-bedroom unit on the vessel, where homes cost between about $4 million and $30 million. “This satisfies my wanderlust desire without the inconvenience of packing, unpacking, going through customs, avoiding the wear and tear of travel,” said Mr. Powers, 55, a general partner and senior adviser to two residential-real-estate private-equity funds. He says he looks forward to traveling with an international crowd.
“It will be an interesting, diverse group—global rather than provincial,” said Mr. Powers.
The Utopia, whose development team includes the World’s original captain and its technical team, is currently in presales, says David Robb, managing director of Frontier Group, a Los Angeles-based private-equity firm that has guaranteed the construction financing. Potential buyers can visit a 3,000-square-foot sales center set up on Rodeo Drive in tony Beverly Hills, Calif., to see a model unit. In addition to the 200 residences as large as 6,200 square feet, developers say there will be 16 smaller units for nannies and tutors. The ship is also slated to have four restaurants, a full-service spa, a casino and luxury retailers. At the onboard medical clinic, residents will be able to undergo cosmetic surgery and have stem-cell therapy for the treatment of everything from heart problems to skin disorders, Mr. Robb said. The annual maintenance fee will be about 4.5% of the list price.
Nearly 80 parties have either signed or are negotiating purchase contracts, said Chris Wheeler, the Utopia’s head of business development.
Some people remain skeptical that the Utopia, which has been in the works since 2008 and has sought little publicity, will become a reality. Mr. Robb, however, says it is definitely a go. “We’re past the point of no return,” he says. “The ship is going to get built.”
Other promising luxury residential ships have failed to materialize. The Four Seasons Ocean Residences in 2008 came close, only to see sales of units priced as high as $39 million stall after the housing and financial crisis. While deposits were taken for about one-third of the residences, financing for the $750 million project was contingent on securing two-thirds, says Erik Hvide, who was on the development team. “If we’d been 24 months earlier, it would have been no problem at all,” he says. He adds that the team would try again “if we think that the circumstances would warrant it.”
Meanwhile, developers of the Marquette, billed as the world’s largest inland passenger boat, have taken token deposits of $1,000 each for about 25% the planned units in the $110 million project, said developer David Nelson, president of River Cities Inc., which is developing the Marquette. Construction will start once it is 90% presold, at which point buyers will have to put down a more substantial deposit.
“We are a way for people to live aboard and cruise the country,” Mr. Nelson said. “The only other alternative would be buy your own house boat or yacht. We’ve made it not only a less expensive experience, but a community experience.”
The condo boat, which will include as many as 400 residents, plans to sail the nation’s northern rivers in the summer and the southern rivers in the winter. Planned features include an 18-hole chip-and-putt golf course, theaters, a grocery store and hot tubs. Prices start at $305,000 for a one-bedroom unit and go up to $1.9 million for a three-bedroom residence, Mr. Nelson said.
While some units will be sold to multiple owners who can use them a few months a year, Rick and Marcia Rotman expect to pay about $500,000 for a two-bedroom unit where they’ll live. Mr. Rotman is excited about exploring the U.S. “I just know for a few Tom Sawyer years, it’s going to be a kick and a half,” says the 65-year-old South Carolina resident, who is a retired business professor who also owned an import/export company.
Predicting the appetite for life aboard a luxury ship can be difficult. And for some, the sense of adventure wore off after several years. Robert and Janet Sabes paid $2.8 million for a 1,450-square-foot, two-bedroom, two-bath unit on the World in 2002 and sold it for about the same price in 2008. A further $300,000 went toward annual fees. Even though they spent only about half the year at sea, after 5½ years, they decided to sell.
“As much fun as it was, it’s like anything, it gets old after a while,” said Mr. Sabes, a 73-year-old Las Vegas-based restaurant developer whose latest project is a vodka ice bar in Manhattan. “There are only so many places a cruise ship can go. Once you’ve been there, you start repeating.”
“We were happy to sell,” he added. “It wasn’t like we were forced to or anything. It wasn’t our turn anymore. It was someone else’s turn.”
Mr. Bennett, the current World resident, doesn’t mind the mundane. “Some days we’re just busy with our life in the U.S. and we just hang out in our apartment, send emails, call people,” he said. “That might sound boring to some people, but we live on the ship, so we don’t have to party every day.”
For those who don’t see ownership as an option, mainstream cruise ships have been known to have the occasional long-term resident. Bea Muller, a retiree from New Jersey, famously spent several years living aboard the high-end Cunard Line’s Queen Elizabeth 2 ship before it was retired in 2008.
While there are no limits on how long someone can stay on board, says Cunard spokeswoman Jackie Chase, “the idea of one of our ships being suitable for permanent residence is simply not something we promote.”

Write to Dawn Wotapka at dawn.wotapka@dowjones.com

Radical Cleric Arrives in Jordan to Face Retrial

By CASSELL BRYAN-LOW and PETER EVANS

LONDON—The U.K. has deported radical cleric Abu Qatada to Jordan to face terrorism charges, concluding an embarrassing saga for British authorities who have battled to eject him for more than 10 years.
The U.K.’s struggles underscore the challenge for Western governments in balancing human rights in the fight against terrorism.
Since 2001, successive British governments have repeatedly sought and failed to extradite Mr. Qatada, who U.S. and European antiterrorism officials have said they considered a key al Qaeda operative and that he posed a serious risk to national security. A Palestinian from Jordan, Mr. Qatada has been sentenced in absentia by Jordan in 1999 to life imprisonment for involvement in terrorist acts and faces trial.
Mr. Qatada, whose real name is Omar Mahmoud Mohammed Othman, has spent several years in jail in Britain, but hasn’t been charged with a crime in U.K. court. He had won repeated appeals in British and European courts to block his extradition by arguing he would face unfair trial if returned to Jordan because he would be at risk of torture and evidence obtained by torture could be used against him.
The path was cleared for his departure after Britain and Jordan last month ratified a treaty on torture intended to address his human-rights concerns. The preacher, who is in his 50s, then indicted he would voluntarily return to Jordan.
Mr. Qatada left the U.K. in the early hours of Sunday and he arrived in Jordan, where he was taken to court.
His father, standing outside the court building, said: “I have nothing to say, except that my son is innocent and I hope the court will set him free,” according to the Associated Press.
In the U.K., David Cameron, the British prime minister, said he was “delighted” Mr. Qatada had now been deported.
“This dangerous man has now been removed from our shores to face the courts in his own country,” said Britain’s Home Secretary Theresa May.
“I am also clear that we need to make sense of our human rights laws and remove the many layers of appeals available to foreign nationals we want to deport,” Ms. May said. “We’re taking steps—including through the new immigration bill—to put this right.”
British authorities first tried to deport Mr. Qatada in 2001 and then detained him the following year under antiterrorism laws that at the time allowed suspected terrorists to be jailed without charge.
Since then, he has been in and out of jail and has repeatedly been under stiff bail conditions.

Write to Cassell Bryan-Low at cassell.bryan-low@wsj.com and Peter Evans at peter.evans@wsj.com

Will immigration save Social Security? July 3, 2013, 2:01 PM

By Matthew Heimer

The U.S. Senate passed a broad immigration-reform bill last week, and one group of bureaucrats is almost certainly cheering for the bill to make it across the finish line: The accountants at the Social Security Administration. By offering a route to citizenship for about 11 million immigrants now unlawfully living in the country, and overhaul would bring those people into the tax rolls. Earlier this spring, Social Security’s chief actuary, Stephen Goss, estimated that the influx of newly legal residents would result in about 6.5 million new people paying payroll tax by 2024. The financial upshot: Social Security’s battered trust fund would get about $276 billion new revenues over the next 10 years, while paying out only $33 billion in additional benefits.

AFP/Getty ImagesMore legal workers, more payroll-tax revenue.
That’s a huge fiscal win in the short term—and it’s part of a larger economic argument that holds that immigration reform will boost the economy and wear down the deficit. But as Shaila Dewan notes this week on the New York Times’s Economix blog, “10 years is a short time when you consider that a vast majority of the new and newly legalized immigrants would be paying into the system during that period and drawing out their Social Security benefits later.” Down the road, as the new citizens will start collecting from the program, the budgetary benefits of bringing them into the retirement system become much less clear. Predicting the long-term impact on Social Security, Dewan acknowledges, requires trying to predict how much bigger the overall economic pie will get as a result of different immigration standards, a subject on which there are far too many variables in play to make even an educated guess.

Dewan’s post draws attention to another interesting point: Illegal immigrants currently pay about $12 billion a year in Social Security taxes, due to fraud and loopholes in the payroll system. But the so-called Corker-Hoeven amendment, which brought more Republicans on board with the current bill, would bar immigrants who win citizenship from getting credit for Social Security for years when they worked in the country illegally.

Orient-Express Hotels & Resorts Boast Cool Pools for Every Season

Luxury hotel company and sophisticated adventure travel specialist Orient-Express Hotels Ltd. has rounded up its most distinctive and breathtaking pools around the globe, to ensure guests can enjoy a splash in the sun and a stunning view at any time of the year.

Boasting an abundance of inimitable pools, on and off-land, in Europe, Asia, Africa, and the Americas, Orient-Express ensures a cooling dip is warranted throughout the year.

When the evenings darken and the temperature drops in Europe in the early months of the year, escape the gloom to Miraflores Park Hotel in Peru. Set in one of Lima’s most fashionable areas, the hotel is renowned for its personalized service and heart-stirring views, which can be enjoyed from the heated rooftop pool overlooking the city and the Pacific Ocean.

Summertime in South America continues through to February, so why not tie in a trip to Peru with a stay at the newly renovated Copacabana Palace in Brazil? Re-opened earlier this year, following an extensive US$20 million refurbishment, this legendary landmark behind Copacabana beach defines luxury in Rio de Janeiro. Sunbathe, swim, and socialize in one of Rio’s largest and most attractive swimming pools facing the world-renowned beach, with a team of attendants on hand to cater to your every request, from fresh towels to cool drinks and light dishes from the pool menu.

With a spring in your step, head back to Europe for spring to enjoy an abundance of orange blossoms and ripening olive groves in a rustic setting at Hotel Caruso. Nestled in Ravello, on a verdant cliff top overlooking the Amalfi Coast in Southern Italy, Hotel Caruso’s pool is a haven of tranquility. An architectural masterpiece, set at the highest point above the town, the infinity pool provides an unparalleled vista as you relax in gently heated water, while enjoying the latest tunes on an iPod pre-loaded with a playlist of your choice, courtesy of the concierge.

June is the best month to visit Bali, when rainfall is at its least and the temperature is optimum for sun worshippers. Ubud Hanging Gardens is a sanctuary of peace set amongst smoky volcanoes and emerald rice terraces. The hotel’s modern stepped level infinity-edge swimming pool is beautifully juxtaposed against a backdrop a spectacular rain forest. In addition to the main pool, all rooms and suites have their own individual horizon-edge pool.

The dry season is the best time to visit Botswana for game viewing. Organize a safari and your stay at Savute Elephant Camp during the cooler months of July and August, when animals are concentrated in ever increasing numbers at water sources and the leaves are off the trees for optimum viewing potential. Luxury is all about the view, and this property’s private elevated swimming pool, overlooking the riverbed, affords a panorama that is unsurpassed. Abundant wildlife mills around here just a stone’s throw from your sun-lounger.

Finally, as autumn comes around, enjoy a soak while floating along on the newly launched Orcaella vessel, which takes its maiden voyage on July 22. The relaxed and elegant atmosphere on-board is the perfect setting to enjoy the cruiser’s lounge bar on the sundeck area and the top-deck swimming pool. As the ship motors up the Ayeyarwady and Chindwin Rivers, sit back with a refreshing drink in hand and admire the country’s mesmerizing natural beauty – all from the cool convenience of the boat’s pool.

For further information on Orient-Express Hotels Ltd., please contact the reservations team on (+65) 6260 9495 or visit orient-express.com.

Oil closes well above the key $100 level

By Myra P. Saefong
CLQ3

104103102101100
F
SAN FRANCISCO (MarketWatch) — Oil futures closed above the key $100-a-barrel on Wednesday for the first time since May 2012, buoyed by the turmoil in Egypt and a bigger-than-expected drop in the past week’s U.S. crude-oil supplies. August crude CLQ3 +2.36% rose $1.64, or 1.7%, to settle at $101.24 a barrel on the New York Mercantile Exchange. Prices put on their own “fireworks show a day ahead of the July 4th holiday,” said Alan Herbst, a principal at Utilis Advisory Group. “Traders are concerned that political instability in Egypt could potentially disrupt the flow of … oil to European and world markets.”

Read the full story:
Oil futures settle above $101 a barrel

Survey Ranks the Most Expensive U.S. Destinations This Summer

By: Newswire
Travel Agent

Provincetown, located at the extreme tip of Cape Cod in Massachusetts, has just earned the distinction of being the most expensive American city in which to lodge this summer, according to a new survey from CheapHotels.org. The survey revealed this after comparing the hotel rates of all U.S. destinations during the main summer travel period of July 1 to August 31.
CheapHotels.org says the average price of each locale’s cheapest available room determined the rankings. As a result, all of the rates expressed by the survey are indicative of the minimum amount vacationers will have to pay to lodge in a specific destination this summer. Hotels had be rated two stars or higher to be considered by the survey.
The following table shows the 20 most expensive destinations in the USA. The prices shown reflect the average rate for each city’s cheapest available double room for the time period spanning July 1 through August 31, 2013.
1. Provincetown $217
2. Cape May $204
3. Martha’s Vineyard $202
4. Santa Monica $199
5. Old Orchard Beach $192
6. Calistoga $186
7. Kennebunkport $184
8. Ogunquit $183
9. Poipu $176
10. Boston $175
11. Laguna Beach $174
12. Waikoloa $169
13. Newport $167
14. Cambridge $166
15. Princeville $164
16. Kill Devil Hills $163
17. Rockport $157
18. Bar Harbor $154
19. Ocean City $152
20. Wildwood Crest $146
Visit http://www.cheaphotels.org