Global hotel prices continue to rise | Bangkok Post: business

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Global hotel prices continue to rise

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The average price of hotel rooms around the world rose 3% in 2013, a fourth consecutive year of gains following substantial falls during the financial collapse in 2008-09, according to the latest The Hotel Price Index (HPI). 

The 2013 HPI stood at 110, seven points lower than its peak in 2007 despite the recent growth, and just 10 points higher than at its launch in 2004. The index tracks real prices that hotel guests actually paid for their accommodation around the world. 

The Pacific region was level. Softer domestic corporate travel in Western Australia, coupled with the drop in value of the Australian dollar towards the end of 2013, had a dampening effect on the overall average.

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