DALLAS, Oct. 19 /PRNewswire/ -- Hotels.com®, one of the largest providers of lodging worldwide, released their biannual Hotel Price Index™ (HPI®) illustrating a 2% increase in average hotel room rates for the first time since the end of 2007. Despite the increase, hotel room rates are still markedly lower than rates at the peak of the market. In fact, many luxury properties have become more affordable. Domestically, five-star hotels dropped 13% year-over-year in Orlando (from $259 to $225) and San Francisco (from $323 to $280). International luxury properties saw similar dips, with five-star hotels decreasing 12% year-over-year in Lisbon (from $176 to $155) and Bangkok (from $191 to $168).
Those looking for the high life while spending substantially less than they might have a year ago should look no further than the Hotels.com HPI guide to "Luxury for Less." Luxury hotels in Santiago saw the greatest decrease in average room prices, with four-star hotels dropping from an average $284 per room per night in Q2 2009 to an average $213 per room per night in Q2 2010, a 25% year-over-year decline. In Marrakech, where average room prices dropped 8% year-over-year, five-star hotels cost an average of $150 per night, and four-star hotels cost $100 per night. For instance, the five-star Atlas Medina & Spa, rooms are currently going for $124 per night, while rooms at the five-star Eden Andalou Spa and Resort, are only $111 per night.
"Although average hotel prices increased globally, there are many great deals to be found at luxury hotels," said Victor Owens, vice president of marketing, North America for Hotels.com. "Travelers don't need to compromise quality for value, even in popular international destinations like Dubai and Moscow, where four-star hotel prices dropped an average of 6%."
For the world traveler looking for a deal, following is a list of cities where prices at top-end hotels fell by the greatest margin between Q2 2009 and Q2 2010.
Average price per room per night Q2 2010
Average price per room per night Q2 2009
% Change year-over-year
For a deal closer to home, the five-star InterContinental San Francisco has rooms starting at $224 per night, well below the average $280 a San Francisco room cost in Q2 2010. Or, for even greater savings, check out the $99 or less promotion, where deep discounts can be found on four and three-star hotels.
Click http://www.hotel-price-index.com for a look at the entire report, featuring infographics and a detailed state-by-state and city-by-city breakdown.
About the HPI
The Hotels.com® Hotel Price Index™ (HPI®) is a regular survey of hotel prices in major city destinations across the world. The HPI is based on bookings made on Hotels.com and prices shown are those actually paid by customers (rather than advertised rates) in the first half (and particularly Q2) of 2010.
Now in its seventh year, the HPI is respected as the definitive report on hotel prices paid around the world and increasingly used as a reference tool by media, analysts, tourism bodies and academics.
Hotels.com® is a leading provider of lodging worldwide, offering more than 85,000 properties in over 60 countries from national chain hotels and all-inclusive resorts to local favorites and bed & breakfasts. Hotels.com is the smarter way to book travel by offering welcomerewards®, an industry leading loyalty rewards program; the real opinions of other travelers captured in over 1.5 million Guest Reviews and; a Price Match Guarantee, so that those booking with Hotels.com can be assured they are getting the best deal, either online or by speaking directly to a travel expert at 1-800-2-HOTELS 24 hours a day. For more information, please visit hotels.com. Hotels.com is an operating company of Expedia, Inc. (Nasdaq: EXPE). Please visit the Hotels.com Travel Smart Blog for consumer and business travel information. Follow us on Twitter via www.twitter.com/hotelsdotcom, on Facebook at www.facebook.com/hotelsdotcom and take a VirtualVacation at www.virtualvacay.com. Detailed Hotel Price Index data is available at: http://www.hotel-price-index.com, Hotels.com, A Smarter Way to Book™.
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