The average price of a hotel room around the world rose three per cent during 2013, according to the latest Hotels.com™ Hotel Price IndexTM (HPI™). This means there have now been four years of steady rises in hotel prices since the substantial fallsduring the financial collapse of 2008/9.
Set at 100 in 2004, the HPI tracks real prices that hotel guests actually paid for their accommodation around the world. The HPIfor 2013 stands at 110, seven points lower than its peak in 2007 despite the recent growth, and just ten points higher than at its launch.
Latin America registered its strongestresult yet,with a five per centincrease in hotel prices, and has now overtaken its previous peak set just before the global economic downturn. With reports stating that emerging markets are showing solid economic growth, prices rose as demand intensified.
During 2013, travellers from India paid more for their hotel rooms as the drop in value of the Rupee made travel abroad more expensive.
"Global travellers on an average paid 2% more on hotels in India in 2013 as compared to 2012 to a national rate of Rs 6,278. There were drops in five-star and four-star hotel room rates within India making luxury available for less. Delhi saw a 12% drop in 5-star room rates whereas Mumbai saw a 7% drop," the report said.
According to the report, Indian metros dominated the list of top five Indian destinations for international travelers. Delhi, Mumbai, Goa, Bengaluru and Chennai featured in the top five.
The favorite international spots for Indian travellers were the same, Bangkok, Dubai, Singapore, London and Hong Kong.
The report said that travellers from Hong Kong spent most money to stay in India. They paid Rs 8,061 which is 6% more from what they paid in 2012. Visitors from the Middle East were in second place on Rs 7,909 after a rise of 3%, and South Africa were third as a rise of 4% took them to Rs 7,594.
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