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No, You're Not Imagining It, Hotel Rates Really Are Going Up

March 11, 2014 at 1:48 PM | by | Comments (0)

Last week, Hotels.com released their most recent HPI--Hotel Price Index--a bi-annual survey of hotel prices in major cities across the world. And if you thought your last hotel stay was kinda expensive, you're totally right, room rates are really going up.

The HPI , which tracks the real prices paid per hotel room room, per night (and not the hotel's advertised rates) on Hotels.com, found that room rates increased 3 percent around the world during 2013, when compared with 2012. That might seem small but remember, they're talking about hotels in 85 countries.

Interestingly, rates in North America increased by 3 percent as well while Europe increased slightly by 2 percent. Latin America and the Caribbean jumped 5 percent while Asia, where we've seen a monster hotel boom in recent years, was down 2 percent.

But when it comes to where U.S. hotel guests paid the most is when things get interesting.

Bora Bora was the most expensive city for U.S. travelers with a daily average of $770 a night followed by Soufriere in St. Lucia with $464 a night. Meanwhile, Wailea in Maui was the most expensive U.S. with daily averages rates of $437, followed by the Newport Coast of Calif. ("The OC B*tch!") with $427 a night. The rest of the list is dominated by Caribbean and California destinations with Monte Carlo being the only European city at $353 a night.

Popular destinations for U.S. hotel guests remained the almighty trinity of Las Vegas, New York and Orlando but it's in San Francisco and New York where guests will pay the most for a luxury hotel, followed by Paris. If you want a posh hotel in San Fran, you can expect to cough up a mind-boggling $562 a night. (NYC was $550)

Given that some might think San Fran is the new NYC (warts and all) then this isn't really that surprising after all.

You can read more trends in travel and hotel room rates from the Hotel Price Index here.

[Photo: Hotels.com]

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