News for the Hospitality Executive |
DALLAS, Sept. 28, 2010 - Hoteliers in popular trade show cities are faring better in 2010 than the last two years. TheSeptember 2010 Hotel Price Index™ (HPI®), released early last week by Hotels.com®, illustrated a 2% global increase in average hotel room rates paid in the beginning half of this year for the first time since the end of 2007. Business travelers can still find great deals as average 2010 room rates are comparable to 2004 rate levels. Popular tradeshow cities such as New York, Washington, D.C., Boston, Las Vegas, Atlanta, Dallas, and Toronto were consistent with the global findings found in the HPI with each city showing increased hotel rates of varying degrees. However,Chicago's rates stayed steady since 2009, while San Diego and Orlando's room rates are still falling. "Business capitals of the world such as New York, London, and Singapore are seeing significant price rises again," said Victor Owens, vice president of marketing, North America for Hotels.com. "The return of corporate travel, more so in North Americathan in Europe, has been and continues to be a key factor to stabilize and even improve hotel room rates." Hoteliers, who relied heavily on corporate travel, lowered room rates in 2009 to record lows as an attempt to fill rooms and meet occupancy quotes. With the gradual return of business travel in 2010, hotel room rates are slowly rising but can be still found at affordable prices reminiscent of rates from 2004. Key Findings and Report Highlights:
+ Prices from Hotels.com September 2010 Hotel Price Index *Prices from Hotels.com March 2010 Hotel Price Index
+ Prices from Hotels.com September 2010 Hotel Price Index *Prices from Hotels.com March 2010 Hotel Price Index For more information on the latest Hotels.com Hotel Price Index, a detailed breakdown of average room rates in domestic and international cities as well as state-by-state, and info-graphics please go to the HPI micro site http://www.hotel-price-index.comAbout the HPI The Hotels.com® Hotel Price Index™ (HPI®) 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. About Hotels.com Hotels.com® 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®, 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 theHotels.com Travel Smart Blog for consumer and business travel information. Follow us on Twitter viawww.twitter.com/hotelsdotcom, on Facebook at www.facebook.com/hotelsdotcom and take a VirtualVacation atwww.virtualvacay.com. Detailed Hotel Price Index data is available at: http://www.hotel-price-index.com, Hotels.com, A Smarter Way to Book™. Hotels.com, Hotel Price Index, HPI 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 © 2010 Hotels.com, LP. All rights reserved. CST # 2083949-50 SOURCE Hotels.com Back to topRELATED
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Taylor L. Cole, APR Hotels.com 469-335-8442 Email: [email protected] |