Hotels.com Hotel Price Index Finds Great Values at Luxury Hotels Around the...

Hotels.com Hotel Price Index Finds Great Values at Luxury Hotels Around the World

Summer 2010 Hotel Price Index (HPI) Reveals Top Destinations for Four and Five-Star Hotels for Less


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DALLAS, Oct. 19 /PRNewswire-HISPANIC PR WIRE/ — Hotels.com(R), one
of the largest providers of lodging worldwide, released their biannual Hotel
Price Index(TM) (HPI(R)) 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).

 

(Photo: 
photos.prnewswire.com/prnh/20101019/NY84740 )

(Photo: 
www.newscom.com/cgi-bin/prnh/20101019/NY84740 )

 

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.

 

 

 

City          Star
Rating   Average price    Average price    % Change year-

                           

per room per     per room
per       over-year

                           

night Q2 2010    night Q2 2009

Santiago             4         $213              $284             
-25%

Orlando              5         $225              $259             
-13%

San Francisco        5         $280              $323             
-13%

Lisbon               5         $155              $176      
       
-12%

Bangkok              5         $168              $191             
-12%

Copenhagen           4         $168              $187             
-10%

Cairo                4         $126              $141             
-10%

Budapest             4         $100             
$110              -9%

Frankfurt            5         $204              $223             
-9%

Marrakech            5         $144              $157             
-8%

Dubai                4         $129              $137          
   
-6%

Moscow               4         $185              $197             
-6%

 

 

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 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(R) Hotel Price Index(TM) (HPI(R)) 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.

 

 

For further information, please contact:

Lily Karp – Ruder Finn for Hotels.com

Phone: (212) 715-1696

Email:
karpl@ruderfinn.com

 

Taylor L. Cole, APR

Hotels.com North America

Phone : (469) 335-8442

Email:
taycole@hotels.com

 

About Hotels.com

Hotels.com(R) 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(R), 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:
www.hotel-price-index.com, Hotels.com, A Smarter Way to Book(TM).

 

Hotels.com, Hotel Price Index, HPI, welcomerewards 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 (C) 2010 Hotels.com, LP. All rights
reserved. CST # 2083949-50

 

SOURCE  Hotels.com

Hotels.com Hotel Price Index Finds Great Values at Luxury Hotels Around the World