What is the HPI?
The Hotel Price Index™ (HPI™) from Hotels.com® is a unique global report on average accommodation prices in major destinations across the world. We’re really good at it and we’ve been doing it for over a decade.
Back in 2004, we set the inaugural Index at 100 and have been tracking all bookings on 90 Hotels.com sites across all star ratings and property types ever since. Basically, we do a LOT of data gathering, analyse it and turn it into the HPI so you can see how prices are changing in your favourite places, where you can get the best value, what’s happening in your home country and what trends you should be jumping on.
The whole HPI is based on bookings for everything from 1-to 5-star-rated chain and independent hotels, to self-catering and bed & breakfast properties and even treehouses (yes, really!). All the prices you see on the HPI are what people actually paid per room, per night based on double occupancy, including taxes & fees. There’s no estimating and no using ‘advertised’ rates here.
The international scale of Hotels.com, in terms of the number of consumers, properties and destinations covered, makes the Hotel Price Index one of the most comprehensive benchmarks available.
We’re proud that the HPI is respected as the definitive report on hotel prices paid around the world and is used as a reference tool by the media, travellers, hoteliers, financial analysts, investors, tourism bodies and academics.
We’ve crunched a whole lot of numbers to bring you these results and below explains a bit more about what each section contains and means.
You might think the How have accommodation prices changed globally? sounds pretty self-explanatory, and, in a way, it is. But it goes a bit deeper than how much people splashed out on a holiday or business trip. It shows us the fluctuations in the Hotel Price Index on a global and regional basis since we started in 2004 (when the Index was set at 100). By following the price changes as an Index, it makes it easy for us, and you, to see the changes that are happening across the world. We don’t have to worry about factoring what’s happening with exchange rates. We used all the relevant transactions on Hotels.com during 2017, and weighted them to reflect the size of each market.
The What did British travellers pay for accommodation abroad? page shows you what British travellers paid for their overnight accommodation, per room, per night (including taxes & fees) on average in 2017 compared with 2016. This shows the changes in actual prices paid by British consumers, reflecting both movements in exchange rates and accommodation pricing.
The What did people spend in the UK? page looks at the average prices paid by international visitors into the UK on the day of booking. The prices are then represented in pound sterling – because it makes sense to do that. You can also find information on this page about the average prices British travellers paid when they took trips within their own country.
The Where could I go for £100 or less per night?; What’s a star worth?; and Where was the best place for luxury for less? pages show you what British travellers paid for their overnight accommodation in 1 to 5-star properties on average in 2017 as compared to 2016, and provides insight to help you score great value accommodation and plan around your travel budget.
The What should I budget? page is an interactive infographic tool that lets you compare and contrast average prices paid by British travellers in pound sterling in major cities around the world. Take a look to see how to make the most of your travel budget or make your saving plan for an epic holiday.
Just so you know, all prices and percentages quoted have been rounded up or down to the nearest whole number.
If you’d like to see the reports in other currencies and languages, just select the country menu at the top of the page or get in contact with us.