Hotels.com: Looking for affordable holidays? Try Asia
If you’re looking to dodge rising hotel prices, consider holidaying in Asia or Australia. Because according to the latest figures from Hotels.com, Asia and Asia-Pacific are the only regions where room rates have remained stable or experienced a dip compared to the rest of the world.
For the fifth year in a row, hotel prices have gone up around the world, with travelers paying an average of three per cent more for their hotel room in 2014 compared to 2013.
The price hike was driven by economic stability, increased consumer confidence and increased holiday spending, say analysts of the Hotel Price Index.
If the trend observed in 2014 continues in 2015, travelers planning to book a hotel in Canada, the US and Mexico this year may have to dig a little deeper, as hotel rates rose five per cent between 2013 and 2014.
Likewise, the Caribbean and Latin America recorded a four percent spike in hotel rates.
The only two regions where prices stalled or dipped were Asia and the Pacific.
And while rates remained stable in Australia, the falling Australian dollar is expected to attract more travelers keen to take advantage of the exchange rate this year, predict experts at Hotels.com.
In 2014, room rates across Asia fell an average of two per cent from 2013, cementing the region as one of the best-value destinations, according to the Hotel Price Index.
The latest report corroborates findings from HRS Corporate, which last month also released a study which found that global hotel prices rose in 2014 for the second consecutive year.
The most expensive city for booking a hotel room? The Big Apple, where rooms rose 10 per cent from 2013 to average €206 (RM835).
The most expensive hotels in Europe can be found in London (averaging €165), while Shanghai and Beijing are the priciest destinations for hotel accommodations, averaging €70 and €72 respectively.
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