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Sunday, December 21st, 2014


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Hotel Prices in Asia and Latin America on the Rise

The hotels.com Hotel Price Index (HPI) indicates that hotel prices in Latin America and Asia rose in 2011 from 2010.The hotels.com Hotel Price Index (HPI) indicates that hotel prices in Latin America and Asia rose in 2011 from 2010. Asian hotel prices rose 1 percent while hotels in Latin America increased rates 2 percent.

The data contained in the HPI indicates that hotel prices in Latin America have increased for five quarters in a row, which provides evidence of the economic growth occurring in the region. Hotel prices in Sao Paulo and Rio de Janeiro rose 20 percent during the period, and prices in Brazil rose 19 percent. Brazil is now the third most expensive country in the world to book a hotel room.

Hotel prices rose moderately in Asia during the period, with several cities in the region being identified as top cities worldwide visited by Americans. Hong Kong ranked in the top ten, and Singapore, Shanghai, Dubai and Beijing ranked in the top 25. Singapore’s hotel prices rose 18 percent during the period.

The HPI is derived from prices paid by hotels.com customers worldwide, using an average of the number of rooms sold in each region where the hotel company does business. The data is gathered from 140,000 properties in 18,000 locations.

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One Response to Hotel Prices in Asia and Latin America on the Rise

  1. Marisa says:

    Oh my god Brazil is the 3rd most expensive country to book a hotel room? And I was planning to honeymoon in Brazil during next year’s festival. May be I should reconsider my plans and look for another honeymoon spot. I don’t want to pay all my money in plane tickets and hotel rooms and having nothing left to go out and have fun.

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