The Hotels.com Hotel Price Index shows Canada and U.S. ahead of the
three per cent global increase which was curbed by slump in European
TORONTO, March 5, 2013 /CNW/ - The average price of a hotel room around
the world rose by three per cent during 2012, compared with the
previous year, according to the latest Hotels.com® Hotel Price Index™ (HPI™). The rate of increase has moderated when judged against the four per
cent rise in 2011 as the Eurozone's problems pulled down the global
average and slowed growth in the second half of the year.
Three regions drew away from the rest. The Caribbean saw a six per cent
rise, North America had one of its best results in recent years growing
at five per cent and the Pacific gained four per cent, all outpacing
the global figure. Asia added two per cent and Latin America one per
cent while the Europe and Middle East region registered a slight fall.
A look at Canada shows that travel was on the agenda in 2012, as
Canadian travellers increased their spend on hotel accommodation and
paid an average of $144 per night for domestic hotel stays and $150 per
night internationally. Popular Canadian cities remained relatively
consistent with Toronto, Montreal and Vancouver continuing to dominate the top three for both domestic and international
travellers. Toronto and Montreal also both reported price increases of
two and three per cent, respectively. Quebec City was one Canadian destination that saw a change in popularity, bumping
out Victoria to enter the top five for international travellers. On the West Coast,
provinces Alberta, Saskatchewan and Manitoba saw prices rise with the
former also being home to some of the most expensive Canadian
destinations, Kananaskis $259 and Lake Louise ($246). Speaking of higher prices, international travellers who paid
the most for Canadian accommodation in 2012 were from Chile, Colombia,
Australia and Japan.
Launched in 2004, the HPI looks at prices that people actually paid for
their hotel rooms around the world. The 2012 Index stands at 107, ten
points behind its 2007 peak of 117 and only just ahead of its 2005
level of 106.
David Roche, President Global Lodging Group for Expedia, Inc., said:
"Europe's hoteliers aren't immune from the region's economic problems,
and they weren't able to keep pace with a recovering global market in
2012. Although prices have risen globally, a hotel stay still offers
consumers great value, with rates consistently below their peak levels
of five years ago."
The Eurozone crisis not only impacted prices in its own territory but
had a knock-on effect across the region as financial insecurity
dampened travel plans.
While in Canada, the strength of the Canadian dollar and stable economy
in 2012 meant travel, particularly to U.S. destinations, was thriving.
Cross-border visits which allowed Canadians to take advantage of U.S.
deals remained popular, with New York taking the top spot and Seattle moving up one position to third.
In the Caribbean, the trend towards more all-inclusive holidays has
pushed up the average price paid. The U.S. saw an influx of
international visitors in 2012 which meant hotels had less need for
discounting. In the Pacific, the mining boom in Australia and strength of the Australian dollar continued to drive strong city
hotel rates but made it difficult for some leisure destinations
dependent on inbound demand. Latin America has witnessed a sustained
period of growth in prices paid by customers over the past few years,
driven primarily by the booming economies in the two key markets of Brazil and Mexico.
In Asia, a roster of events moved prices up and down across the region,
including downward pressure on rates in India, due to a precipitous
fall of the Rupee, travel demand shifts due to the politically
sensitive situation around the islands in the East China Sea, and price
bounce-backs from the 2011 earthquake, tsunami and nuclear disaster in
Japan and flooding in Thailand. The continued increase in the number of
Chinese international travellers helped fill hotel rooms and the
expansion of low cost carriers also boosted travel opportunities.
"International tourism is expected to climb again in 2013," said David
Roche. "Much of the focus of the hospitality industry is now moving
east, where the rate of increase is the highest and new infrastructure
is helping to drive travel patterns. The Asia/Pacific region added
twice as many new hotel rooms as Europe in 2012 and will account for 40
per cent of the world's new builds in 2013. Rates here are rising but
the region still offers great value for travellers with some of the
lowest prices in the world."
For a full copy of the Canadian version of the HPI, visit www.hotel-price-index.com.
Hotels.com also known in Canada as Hotels.ca) is a leading online accommodation booking brand. Through the Expedia,
Inc. global network of websites, Hotels.com, LP connects travellers
with almost 200,000 properties around the world, ranging from
international chains and all-inclusive resorts to local favourites and
bed & breakfasts, together with all the information needed to book the
perfect stay. Hotels.com, LP benefits from one of the largest hotel
contracting teams in the industry, obtaining the best rates for its
customers, and offers frequent sales, special deals and promotions.
There are more than 7 million Guest Reviews on the websites from users
who have actually stayed in the hotels to ensure customers can make an
informed choice when booking. Through Hotels.com, LP's industry-leading
loyalty program Welcome RewardsTM, customers can earn a free night for every 10 nights stayed at more
than 85,000 hotels. Under its Price Match Guarantee, if a customer can find the same deal for less on a prepaid hotel,
Hotels.com, LP will refund the difference. Travellers can book online
or by contacting one of the multilingual call centers. Special apps for
mobile phones and tablets can also be downloaded at www.hotels.com/deals/mobile_app/ enabling customers to book on the go with access to 20,000 last minute
deals. Hotels.com publishes an award-winning twice-yearly review of
international hotel room price trends called the Hotels.com Hotel Price
Index™, which is now produced in 31 individual country editions, with
North American data available at www.hotel-price-index.com. Follow Hotels.com on Facebook at http://www.facebook.com/Hotels.comCA, on Twitter athttp://www.twitter.com/hotelsdotcomca and on YouTube at http://www.youtube.com/user/hotelsdotcom. Hotels.com, LP is part of Expedia, Inc., the largest online travel
company in the world with an extensive portfolio that includes some of
the world's best-known brands.
Hotels.com, Hotel Price Index, HPI, Finding You the Perfect Place and
the Hotels.com logo are either registered trademarks or trademarks of
Hotels.com, LP. All other trademarks are property of their respective
owners. © 2013 Hotels.com, LP. All rights reserved. CST # 2083949-50
Image with caption: "The Hotels.com® Hotel Price Index™ (HPI™) provides helpful tips for travellers looking to get the biggest bang for their buck. (CNW Group/Hotels.com)". Image available at: http://photos.newswire.ca/images/download/20130305_C2255_PHOTO_EN_24261.jpg
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energi PR for Hotels.com
Phone: (416) 425-9143 ext. 19
Taylor L. Cole, APR
Hotels.com North America
Phone: (469) 335-8442