The Hotel Price Index Around the World
The Hotels.com Hotel Price Index was set at 100 in 2004. Representing hotel price changes in an index shows the movement in actual prices paid per night by travellers without foreign exchange fluctuations distorting the picture. Below, the movement in the Index is shown on a global and regional basis. More information about hotel prices paid in 2015 in individual destinations and the reasons behind changes can be found in related posts below or via the menu.
Slight global rise
- The good news for consumers is that the global Index rose only 1% in 2015, when compared with 2014, to 114 points.
- It hit its peak of 117 in 2007, the year before the global economic crisis, so it is closing the gap.
- Amongst the individual regions of the world, North America was the only one to rise. The Caribbean and Europe & the Middle East showed no growth, while the Pacific, Latin America and particularly Asia all fell.
North American record-breaker
- Driving the global rise, North America was the only region to see an increase in its Index in 2015, up 3% to 119.
- Although it has risen every year since 2010, the North American Index has only now beaten its 2007 peak of 117 for the first time.
“Continued demand for hotel nights in popular North American cities, from both domestic and international travellers, combined with the strong U.S. dollar contributed to this record-breaking growth.” – Josh Belkin, Vice President & General Manager, North America for Hotels.com brand
No growth for the Caribbean
- The Caribbean Index recorded no growth in 2015.
- In spite of this, it remained well ahead of the other regions on 137.
No movement for Europe & the Middle East
- Zero growth was also logged by the Europe & Middle East Index.
- It held steady at its 2014 level of 108, eight points behind its peak of 116 in 2007.
“The Index for Europe and the Middle East held steady in 2015 and still represents good value compared with the gains recorded in other regions.” – Isabelle Pinson, Vice President, EMEA for Hotels.com brand
Slight fall in the Pacific
- The Pacific regional HPI saw a slight 1% decrease, taking it to 122.
- This was the same level as in 2013 and was the first yearly fall since 2009.
Latin America also down
- A 2% drop took the Latin American Index to 128.
- However, it remained the second highest regional Index, behind the Caribbean.
“While travellers benefitted from widespread currency fluctuations in the region, this also attracted increased demand for Mexican resort areas and other popular Latin American destinations, which led to minimum decreases in daily rates and kept the Index relatively high.” – Carolina Piber, Senior Director & General Manager, LATAM for Hotels.com brand
Asia the best value
- Hotel prices paid in Asia overall fell 5% in 2015 compared with 2014, the highest decrease amongst all the regions.
- This took the Asian Index to 99, the first time ever that the region has been behind its 2004 starting point.
“The latest numbers from the Asia version of the HPI shows this may be the best time to be a traveller in Asia Pacific. The growth in new hotels and the current price levels represent great value to travellers whether you are from within Asia or you are traveling inbound.” – Abhiram Chowdhry, Vice President, APAC for Hotels.com brand