US hotel rates up 2 Hotel Price Index

first_imgU.S. hotel rates up 2%: Hotel Price Index DALLAS — Even with several major political shifts and currency fluctuations around the world in 2016, travellers fared pretty well with average nightly hotel prices unchanged globally from 2015, as reported in the latest Hotel Price Index from Hotels.com. The U.S. had a slight average price increase (up 1%) throughout 2016, while declines from most other regions tempered the overall global picture.The HPI is an annual report on hotel prices in major destinations across the world, tracking the movement in prices that people actually paid (per night, including taxes and fees) for their accommodation. The data is from bookings made on the hundreds of thousands of hotels on the Hotels.com websites worldwide.Seven out of 10 of top international travel destinations saw a significant price decrease, including a 7% drop for Thailand (now $93 per night) and a 2% drop for China (now $134 per night), compared to 2015.International trends such as Brexit have prompted a strengthening of the dollar and best value prices for trips to European hubs. Among cities analyzed in the HPI, the most popular international destinations were London (prices down 11% from 2015 to $230 per night) and Paris (prices down 12% to $184 per night).More news:  Save the dates! Goway’s Africa Roadshow is backDespite global economic uncertainty and the average price of hotels in the U.S. increasing 2% during 2016, international travellers were undeterred. The top 10 most popular American destinations remained consistent. New York (prices down 3% from 2015 to $252 per night), Las Vegas (prices up 5% to $138 per night), Orlando (prices up 2% to $112 per night), Miami (prices down 5% to $186 per night), San Francisco (prices down 3% to $218 per night), Honolulu (prices up 5% to $263 per night), Los Angeles (prices up 5% to $183 per night), San Diego (prices up 2% to $157 per night), Chicago (prices down 3% to $202 per night) and Washington D.C. (prices up 1% to $212 per night) rounded out the top 10. Wednesday, March 8, 2017 Share Posted bycenter_img << Previous PostNext Post >> Tags: America, Trend Watch Travelweek Group last_img

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