Hospitality sweethearts 14 February 2020 The couples who make working together and living together a love story
In this week's issue...Hospitality sweethearts The couples who make working together and living together a love story
Read More
Search
The Caterer

Average hotel room prices stay flat worldwide

07 December 2010 by
Average hotel room prices stay flat worldwide

The average price of a hotel room around the world rose just 1% in the third quarter of 2010, compared with the same period last year, according to the Hotels.com Hotel Price Index (HPI).

Despite prices stabilising in both the second and third quarters of this year, the average price of a hotel room by the end of September 2010 was still lower than in 2004. Pegged at 100 in 2004, the HPI stood at 99 in September 2010.

The average price of a room was flat, year-on-year, in Asia, and up 1% in Europe. The Americas showed healthier signs of improvement, with the average price up 4% in the Caribbean and up 6% in Latin America.

At the end of September, the HPI stood at 115 in Asia, 110 in Latin America, 103 in North America, 101 in Europe and 97 in the Caribbean.

European hotel rooms achieve highest prices since October >>

Regional hotel rates rise for the first time this year >>

By Janet Harmer

E-mail your comments to Janet Harmer here.

If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to www.caterersearch.com/tabletalk

Caterersearch.com jobs

Looking for a new job? Find your next job here with Caterersearch.com jobs

[Newsletters For the latest hospitality news, sign up for our e-mail newsletters.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!