Home Add to Favorite Contact Submit  
           23 November, 2020


    
Category:  Press » Travel & Leisure

 

The Average Price of Hotel Room Drops 14% Globally

Popularity:
         Views: 2659
2010-03-02 03:26:24     
Hotels.com

Hotel Prices at Level Last Seen in 2003

The average price of a hotel room was 14% lower in 2009 than in 2008, according to the Hotels.com(R) Hotel Price Index(TM) (HPI(R)).

Travellers spent 13% less on hotel rooms in Europe during 2009 than in 2008, 14% less in the U.S., 16% less in Asia and 21% less in Latin America.

In fact, the average price of a hotel room across the world was cheaper in 2009 that it was in 2004, when the HPI began.

However, towards the end of 2009, the rate at which the average price of hotel room fell started to slow down.

The average price of a hotel room fell by just 7% year-on-year in Q4 2009, compared to 16% in Q1, 17% in Q2 and 14% in Q3.

David Roche, President of Hotels.com, comments:

"Step inside the time machine, turn the dial back to 2003, and compare hotel prices then and now. What's changed? Not much. Our latest Hotel Price Index, covering all of 2009, shows that prices fell globally by 14% on already weak 2008 figures, bringing consumer prices back to levels not seen since 2003. Despite some possible first signs of hotel prices recovering in Europe and the US in the last quarter of 2009, the promotions and great value look set to continue for some time yet. 2010 promises to be another great year for the traveller."

Price changes by end of 2009

Price falls started to level off towards the end of 2009 particularly in Europe and North America.

While hotel prices had fallen by double digits in the first three quarters of 2009 on both continents, by Q4 the rate of price falls was in single digits in both Europe (down 6% in Q4) and North America (down 7% in Q4).

Prices continued their slump in both Asia and Latin America though.

In Latin America prices fell by 10% year-on-year in Q4 whereas in Asia, the level of price falls experienced by hotels actually accelerated in Q4 2009 compared to the previous quarters. Hotel rates dropped 19% in Q4 in Asia compared to 17% in quarters two and three and 15% in Q1.

About Hotels.com

As part of the Expedia group which operates in all major markets, Hotels.com offers more than 110,000 hotels, B&Bs and serviced apartments worldwide. If a customer can find the same deal for less on a prepaid hotel, Hotels.com will match it. Hotels.com benefits from one of the largest hotel contracting teams in the industry negotiating the best rates for its customers, plus there are 1.3m reviews from users who have actually stayed in the hotels to ensure customers make an informed choice when booking. Hotels.com won the Gold Award for best hotel booking site in Webuser magazine in February 2009. Travellers can book online or by contacting one of the multilingual call centres.

Hotels.com, Hotel Price Index, HPI and the Hotels.com Wake Up Happy logo are either registered trademarks or trademarks of Hotels.com, LP, in the U.S. and/or other countries. Other logos or product and company names mentioned herein may be the property of their respective owners. (c) 2002-2010 Hotels.com, LP. All rights reserved. CST # 2083949-50

For a full copy of the HPI report (live from 00:01 hrs 2 March
2010) go to:

GBP report: http://www.hotels.com/press/hotel-price-index.html

USD report: http://hotels.mediaroom.com/

Specialized in: Rooms - Accommodations - Discounts - Reservations - Hotel - Luxury - Deals - Rates - Hotel Deals - Accommodation - Hong Kong Shanghai Beijing Macau China - Bangkok Phuket Thailand - Tokyo Kyoto Osaka Japan - Manilla Cebu Philippines - Seoul Korea - Mumbai Bombay Delhi Bangalore Goa Calcutta India
URL: http://www.hotels.com
Print press release      Bookmark this page
Related Press releases 
Unprecedented Demand for Travel Nurses Experienced at American Traveler (Popularity: ): BOCA RATON, Fla. - April 03, 2020 -- As COVID-19 continues to spread across the country, the burden on hospitals and healthcare workers has increased exponentially. Hospitals are dealing with patient populations that far exceed their usual capacity and permanent staff nurses urgently need support.Travel nurses, so-named because they "travel" from location to location, fill short- and long-term staffing needs at hospitals across the U.S. Travel nursing agencies, like American ...
Vietnam Immigration Service Explains the Whole Mechanism of Vietnam Visa Exemption (Popularity: ): Ho Chi Minh (press.abc-directory.com) December 10, 2018 - As a general rule of thumb, travelers entering Vietnam needs passports or valid passport-substitute papers, or Vietnam visa on arrival and an entry visa by the Vietnam immigration authorities to enter into Vietnam. But, visa exemption is available for certain foreign nationals entering and staying in Vietnam for a certain period of time without any visa procedures or pay fees related to ...
Fareportal Garners Multiple Accolades at Prestigious Travel Industry Awards (Popularity: ): New York, NY - September 15, 2017 -- Fareportal, the travel technology company powering CheapOair and OneTravel, and the winner of 17 Travel Weekly Magellan Awards over the past six years, today announced they have earned two additional Magellan Awards for their advancements in 2017.This year, Fareportal received a Gold Award for the CheapOair Mobile App and a Silver Award for the CheapOair Website. In 2017, both mobile and web ...
DK Eyewitness Travel Names 20 Best U.S. Cities for Making a Fresh Start (Popularity: ): New York, NY - April 20, 2017 -- DK Eyewitness Travel today released a list of the 20 Best U.S. Cities for Making a Fresh Start. Chosen by DK’s in-house travel experts, these cities range from college towns boasting high-salary jobs to unassuming suburbs that are just right for raising a family. For those eager to make a fresh start in 2017, these cities and towns deserve due consideration.In culling ...
The Cruise Web, Inc. Recognized by MSC Cruises as Leading Travel Partner (Popularity: ): Calverton, MD - January 24, 2017 -- The Cruise Web Inc. was recognized today as Northeast Account of the Year by MSC Cruises as part of the line’s 4th Annual MSC True Partnerships’ Awards.The 2016 MSC True Partnerships Awards are presented to MSC Cruises’ top performing North American travel partners for the year based on overall business growth in revenue and guests and continuous partnership support and innovative marketing efforts ...

Press release home snapshot 


Related Business 
Cheap Hotel (Popularity: ): Jetcost compares the prices of your hotel room and find the best rate suited to your budget. Seeking a charming hotel, a 4 or 5 star or luxury hotel has a price degriffes, the comparator Jetcost conduct your research in a hotel now and you will have the lowest price. Gain time and savings to make your hotel reservation cheap travel using the engine Jetcost.
HCG Drops Reviews (Popularity: ): HCG drops and hcg diet burn fat from your body and turn in to slim and healthy. HCG drops works very fast and effective manner and you can find hcg drops. Finding Effective HCG drops online shouldn’t be a major chore, but with 100′s of HCG drops available online it can be almost impossible to find drops that work fast, effective and eliminate the scam drops.
Budget Hotel Delhi (Popularity: ): Budget Hotel Delhi, a well-established budget hotel in Delhi. We have a wide array of rooms for our esteemed guests including the standard or Budget room, Semi-deluxe room, Deluxe room, Presidential Suite, Junior Suite, Superior room and Family room. One can choose the type of room as per his/her convenience and budget. All our rooms are equipped with modern day facilities and are the best available option for the guest looking for ...
Renoval Eye Drops Supplier (Popularity: ): An eminent manufacturer & supplier of renoval eye drops from Ahmedabad, offering different types of timaben eye drops, toben eye drops, troben eye drops, benflox-0 eye drops, benflox-m eye drops, benflox eye drop and many more.
Royal Residency Hotel (Popularity: ): Royal Residency - A professionally managed organization which is unreservedly engaged in offering an exciting india hotel services including hotel accommodation, hotel reservation, budget hotels, hotel room, deluxe hotel, hotel restaurants and so on.
XHotels : Hotel Price Comparison (Popularity: ): Compare prices betweeen thousands of hotels and resorts worldwide at the best rate. Save time and money by booking your hotel accommodation and Free online hotel price comparison services. We also provide hotel information, reviews and maps.
Capital City Travels & Tours (Popularity: ): Ajanta hotel, a well-established budget hotel in Delhi. We being a part of Delhi budget hotels started functioning in 1971 and since then we have accommodated guests from almost all regions of the world. We have a wide array of rooms for our esteemed guests including the standard or Standard room, Semi-deluxe room, Deluxe room, Superior room and Family room. One can choose the type of room as per his/her ...
Hotel Prinsotel Alcudia Mallorca (Popularity: ): Hotel 3 * renewed in 2004. The hotel is located 2 km from Alcudia, 200 mts from the beach and 5km from the golf course. The hotel has 106 rooms, swimming pool, sports facilities, reception desk open 24 hours a day, safes, living room with fireplace, TV room, Internet access, bike hire, cafe, bar and a restaurant.
Hotels In San Francisco Airport (Popularity: ): HOJO San Bruno Hotel - Our San Bruno CA Hotel is located just three miles from the San Francisco International Airport. We provide comfortable amenities within the most affordable price. Reserve your room with discount rated & bed and breakfast SFO hotel and enjoy local tourist attractions.
Cheap Hotel In Delhi (Popularity: ): Clark Hotels located at Delhi, offers best facilities provide at very cheap price rates in luxury hotel, deluxe rooms, super deluxe rooms, conference room etc. Hotel Clark is well known for its matchless hospitality as well as cultural diversity. Finding accommodation in New Delhi has never been a problem for the guests and travelers.