What is the HPI?
The Hotels.com® Hotel Price Index™ (HPI®) 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 bookings made on all 90 Hotels.com sites ever since. Basically, we do a LOT of data gathering and analyzing so you can see how prices are changing in your favorite 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, travelers, 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?” page sounds pretty self-explanatory, and in a way, it is. But it goes a bit deeper than how much people dished 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 American travelers pay for accommodation abroad?” page shows you what American travelers paid for their overnight accommodation, per room, per night (including taxes & fees) on average in 2017 compared to 2016. This shows the changes in actual prices paid by American consumers, reflecting both movements in exchange rates and accommodation pricing.
The “What did people spend in the U.S.?” page looks at the average prices paid by international visitors into the U.S. on the day of booking. The prices are then represented in U.S. dollars – because it makes sense to do that. You can also find information on this page about the average prices American travelers paid when they took trips within their own country.
The “Where could I go for $150 or less per night?”, “What’s a star worth?” and “Where was the best place for luxury for less?” pages show you what American travelers paid for their overnight accommodations in 1 to 5-star properties on average in 2017 as compared to 2016, and provides insight to help you score great value accommodations 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 American travelers in U.S. dollars 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.