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Hotel prices on the up

Profile Photo By: Steve Shellum
September 3, 2015

Hotel prices on the up

Hotel-prices-on-the-up

For the first time, hotel prices paid in three world regions have overtaken their pre-financial crisis levels of 2008/2009, with North America, the Caribbean and Latin America setting new records.

But the overall global rise is up just one percent in the first half of 2015 compared to the same period in 2014, according to the latest Hotel Price Index from Hotels.com.

More travellers, higher consumer spending in key areas and strong currency fluctuations have all contributed to this result. For the US in particular, hotel prices rose steadily, with an overall two percent increase paid by worldwide travellers the first half of the year.

The HPI is a regular report on hotel prices in major destinations across the world, tracking the movement in prices that people actually paid for their accommodation and providing insight into the reasons behind these changes.
The data is drawn from bookings made on the hundreds of thousands of hotels on the Hotels.com websites worldwide.

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