Hotel prices up, industry in recovery

Hotel prices worldwide experienced a uniformed rise for the first time in five years, according to the latest Hotels Price Index (HPI) released by

The average price for a hotel room, regardless of currency, rose four percent when compared to the same period in 2011.

Prices in North America and the Caribbean shot up by five percent, Pacific prices climbed six percent, prices in Asia increased by four percent and the average room rate throughout Europe, the Middle East and Latin America rose by one percent. vice president Asia Pacific Johan Svanstrom was pleased with the findings outlined in the HPI and expects these trends to continue into 2013.

“The latest HPI figures prove the hotel’s industry recovery has begun,” Mr Svanstrom said.

“Hotel rates are on the rise in APAC as business travel remains buoyant and leisure travel becomes more affordable and accessible with the expansion of low cost carriers throughout the region.”

Christchurch, Mexico City, Hiroshima, Kyoto and Cape Town were listed as the top five destinations which experienced the largest price rises compared with the same period last year.

Hanoi, Chiang Mai, Koh Samui, Rome and Vienna were reported to suffer the biggest price falls this year, compared to 2011.

Occupancy rates in Australia escalated to a decade high.

Perth experienced the greatest upturn in hotel room prices, rising 21 percent, compared to 2011.

“With Australia’s strong economy, currency fluctuations will continue to challenge inbound tourism,” Mr Svanstrom said.

“Attracting China’s burgeoning outbound tourism market and adequately catering to their unique needs will be paramount.”

The HPI is based on bookings made on sites around the world and tracks the real prices paid per hotel room for around 140,000 properties across the globe.

Source = e-Travel Blackboard: P.T
Pin It
Add Comment Register

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>