The Hotel Price Index Around the World
The Hotels.com Hotel Price Index was set at 100 in 2004. Here the movement in the Index since then is shown on a global and regional basis.
More in-depth analysis into hotel prices paid in 2015 in individual destinations and the reasons behind any changes can be found below and in related posts.
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.
No growth for the Caribbean
- The Caribbean Index recorded no growth in 2016.
- 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.
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.
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.