• Resources
  • Blog
  • Journalists
  • Log In
  • Sign Up
  • Data Privacy
  • Send a Release
Cision PR Newswire: news distribution, targeting and monitoring home
  • News
  • Products
    • Overview
    • Distribution by PR Newswire
    • Cision Communications Cloud®
    • Cision IR
    • Sponsored Placement
    • All Products
  • Contact
    • General Inquiries
    • Request a Demo
    • Editorial Bureaus
    • Partnerships
    • Media Inquiries
    • Worldwide Offices

 

When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • All Public Company
      • English-only
      • News Releases Overview

      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
      • Multimedia Gallery Overview

      • Trending Topics

      • All Trending Topics
  • Business & Money
      • Auto & Transportation

      • All Automotive & Transportation
      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • Auto & Transportation Overview

      • View All Auto & Transportation

      • Business Technology

      • All Business Technology
      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • Business Technology Overview

      • View All Business Technology

      • Entertain­ment & Media

      • All Entertain­ment & Media
      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • Entertain­ment & Media Overview

      • View All Entertain­ment & Media

      • Financial Services & Investing

      • All Financial Services & Investing
      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • Financial Services & Investing Overview

      • View All Financial Services & Investing

      • General Business

      • All General Business
      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • General Business Overview

      • View All General Business

  • Science & Tech
      • Consumer Technology

      • All Consumer Technology
      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • Consumer Technology Overview

      • View All Consumer Technology

      • Energy & Natural Resources

      • All Energy
      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • Energy & Natural Resources Overview

      • View All Energy & Natural Resources

      • Environ­ment

      • All Environ­ment
      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • Environ­ment Overview

      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • All Heavy Industry & Manufacturing
      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • Heavy Industry & Manufacturing Overview

      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • All Telecomm­unications
      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • Telecomm­unications Overview

      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • All Consumer Products & Retail
      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • Consumer Products & Retail Overview

      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • All Entertain­ment & Media
      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • Entertain­ment & Media Overview

      • View All Entertain­ment & Media

      • Health

      • All Health
      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • Health Overview

      • View All Health

      • Sports

      • All Sports
      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • Sports Overview

      • View All Sports

      • Travel

      • All Travel
      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • Travel Overview

      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • All Policy & Public Interest
      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • Policy & Public Interest Overview

      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • All People & Culture
      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • People & Culture Overview

      • View All People & Culture

      • In-Language News

      • español
      • português
      • Česko
      • Danmark
      • Deutschland
      • España
      • France
      • Italia
      • Nederland
      • Norge
      • Polska
      • Portugal
      • Россия
      • Slovensko
      • Suomi
      • Sverige
  • Overview
  • Distribution by PR Newswire
  • Cision Communications Cloud®
  • Cision IR
  • Sponsored Placement
  • All Products
  • General Inquiries
  • Request a Demo
  • Editorial Bureaus
  • Partnerships
  • Media Inquiries
  • Worldwide Offices
  • PR Newswire: news distribution, targeting and monitoring
  • Send a Release
    • ALL CONTACT INFO
    • Contact Us

      888-776-0942
      from 8 AM - 10 PM ET

  • Send a Release
  • Sign Up
  • Log In
  • Resources
  • Blog
  • Journalists
  • RSS
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
    • Trending Topics
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign Up
  • Log In
  • Resources
  • Blog
  • Journalists
  • RSS
  • GDPR
  • Overview
  • Distribution by PR Newswire
  • Cision Communications Cloud®
  • Cision IR
  • All Products
  • Send a Release
  • Sign Up
  • Log In
  • Resources
  • Blog
  • Journalists
  • RSS
  • GDPR
  • General Inquiries
  • Request a Demo
  • Editorial Bureaus
  • Partnerships
  • Media Inquiries
  • Worldwide Offices
  • Send a Release
  • Sign Up
  • Log In
  • Resources
  • Blog
  • Journalists
  • RSS
  • GDPR

hotels.com Hotel Price Index (HPI) Reveals Four Percent Increase in Asia Hotel Room Rates for U.S. Travelers
  • USA - English

Caribbean and Latin American Rates Remain Steady as the Global Economy Rebounds in 2010


News provided by

hotels.com

Apr 06, 2011, 12:49 ET

Share this article

Share this article


DALLAS, April 6, 2011 /PRNewswire/ -- According to the latest Hotel Price Index™ (HPI™) released by hotels.com®, Asia witnessed a four percent increase in prices paid per room, per night last year, when compared to 2009. Despite the economic recession, U.S. travelers continue to frequent the Far East for leisure and business travel. With China's room rates up 19 percent, the country continues to attract travelers with a majority of their cities seeing substantial increases year-over-year. Additional increases in Asia's hotel rates appeared in Singapore (+33%), Malaysia (+17%), Indonesia (+13%) and South Korea (+10%).

(Photo: http://photos.prnewswire.com/prnh/20110406/NY78451)

Latin America and Caribbean hotel rates remained steady and strong. The Caribbean showed no change in average hotel rates year-over-year, while Latin America revealed a small increase of two percent in 2010.

"International travel for U.S. travelers has historically been to destinations such as Europe and Canada," commented hotels.com Director of Global Merchandising Strategy, Miguel Oliveira. "In the past two years, we've noticed a steady increase of U.S. travelers to Asia, and a subsequent increase in Asia's room rates. This year, on the HPI's list of most visited international cities, Tokyo and Hong Kong took the eighth and ninth spots respectively. We expect to see more Asian cities making their way onto the HPI's top international destinations for U.S. travelers, as their economy grows, new hotels develop and tourism continues to rise throughout the region."

Asia, the World's Next Great Travel Destination

French Polynesia's Bora Bora attracted travelers looking to truly indulge in luxurious hotels at a significant cost in 2010. Rooms paid last year averaged almost $606 per night – the highest in the world – an 18% increase. For a more affordable option, Arue, also in French Polynesia, saw prices drop 22% year-over-year to $167 per night – a $439 difference compared to Bora Bora.  

Bali, Indonesia, featured in the movie Eat, Pray, Love, saw prices rise 35%. Rooms averaged almost $188 per night during 2010. Five-star hotel rooms in this spiritual city can cost on average $341 a night, but travelers can grab 3- and 4-star hotel rooms for $150 or less.

Major business cities in China such as Tung Chung, Hong Kong, Guangzhou and Shanghai saw a more than 20% increase year-over-year in prices paid, per room per night. On the other hand, Beijing remained relatively flat with a low 1% increase year-over-year, while booming Singapore saw room prices increase 33%.

Caribbean

Caribbean destinations are famous for their post-card perfect beaches, warm island hospitality, and all-inclusive properties that lure U.S. travelers for their close proximity and affordable deals. In 2010, the Caribbean region saw no change in average prices paid versus 2009, with the average daily rate steady at $195 per night.

The most expensive destinations across the Caribbean include Bermuda, Bahamas, St. Lucia and Turks and Caicos. Despite being one of the most expensive Caribbean destinations, the honeymoon destination of Soufriere, St. Lucia saw the greatest price fall in this year's Caribbean region, with prices dropping 28% from $444 to $319 in 2010.

There are phenomenal deals to be found in the Caribbean, according to the HPI. For instance, the Dominican Republic offers the best value for beach-goers, with most areas of the country seeing a decrease in 2010 hotel rates. The least expensive Caribbean destination is Sosua, Dominican Republic, which had average room rates of $96 per night.


Top 5 Most Expensive Cities in Caribbean


City

Country

2009

2010

YoY ADR*

1

Somerset

Bermuda

392.07

531.87

36%

2

Hamilton

Bermuda

360.21

404.12

12%

3

Paradise Island

Bahamas

350.47

365.69

4%

4

Southampton

Bermuda

260.95

347.66

33%

5

Paget

Bermuda

325.07

329.72

1%


*Year-over-year average daily rate

Latin America

Synonymous with fun, sun and spring break, Cancun continues its reign as Latin America's number one travel destination for U.S. travelers. The region saw a 2% increase in travel during 2010 compared to 2009. Rio de Janeiro continues to gain momentum as a popular Latin American destination with its famous non-stop party Carnival, the upcoming FIFA World Cup and 2016 Summer Olympic Games. The city is undergoing major preparations with a spike in hotel development and a major overhaul of its infrastructure. Rio de Janeiro also had some of the most expensive hotel rooms in Latin America, with four-star hotel rates averaging $324 per night in 2010.


Average Prices Paid by Hotel Star Ratings

City

Country

2-Star

3-Star

4-Star

5-Star

Buenos Aires

Argentina

75.31

120.71

149.46

408.00

Cancun

Mexico

57.44

141.00

198.49

331.04

Mexico city

Mexico

64.90

91.70

151.62

261.03

Rio de Janeiro

Brazil

151.45

208.28

324.33

583.02

Santiago

Chile

89.98

136.61

197.51

340.17


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™), which began in 2004, is a regular survey of hotel prices in major city destinations (over 18,300 locations) across the globe. The HPI is based on bookings made on hotels.com and prices shown are those actually paid by customers (rather than advertised rates) in 2010 versus 2009.

The HPI is respected as the definitive report on hotel prices around the world and is increasingly used as a reference tool by media, analysts, tourism bodies and academics.

About hotels.com

Hotels.com® is a leading provider of lodging worldwide, offering more than 130,000 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 2 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). Follow us on Facebook at www.facebook.com/hotelsdotcom and Twitter via www.twitter.com/hotelsdotcom or visit the hotels.com Travel Smart Blog for consumer and business travel information. Get clayed at http://www.clayyourself.com. Detailed Hotel Price Index data is available at: http://www.hotel-price-index.com, hotels.com, A Smarter Way to Book™.

Hotels.com, Hotel Price Index, HPI and the hotels.com logo are either registered trademarks or trademarks of hotels.com, LP. Other logos or products and company names mentioned herein may be the property of their respective owners © 2011 hotels.com, LP. All rights reserved. CST # 2083949-50

Press contacts:
Helen Ames – Ruder Finn for hotels.com
Phone: (212) 715-1646
Email : [email protected]

Taylor L. Cole, APR
hotels.com North America
Phone : (469) 335-8442

SOURCE hotels.com

Modal title

Contact Cision

  • Cision Distribution 888-776-0942
    from 8 AM - 9 PM ET

  • Chat with an Expert
  • General Inquiries
  • Request a Demo
  • Editorial Bureaus
  • Partnerships
  • Media Inquiries
  • Worldwide Offices

Products

  • Cision Communication Cloud®
  • For Marketers
  • For Public Relations
  • For IR & Compliance
  • For Agency
  • For Small Business
  • All Products

About

  • About PR Newswire
  • About Cision
  • Become a Publishing Partner
  • Become a Channel Partner
  • Careers
  • COVID-19 Resources
  • Accessibility Statement
  • Asia
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Israel
  • Italy
  • Mexico
  • Middle East
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United Kingdom

My Services

  • All New Releases
  • Online Member Center
  • ProfNet

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Center
  • ProfNet
Cision Distribution Helpline
888-776-0942
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2022 Cision US Inc.