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For the first time in five years, travelers paid more on average for their hotel rooms during the first six months of 2012 in all parts of the world, according to the latest Hotels.com Hotel Price Index. The global 4% rise, compared to the same period the year before, demonstrated that the economic recovery in the hotel industry was well-established. The Index stood at 108 for this period meaning that, despite the latest increase, hotel prices in general were still considerably lower than in the first half of 2007 when the HPI was at its peak of 119.
Prices rose across the board with Pacific rates up 6%, North America up 5% and Asia up 4% while Latin America as well as Europe and the Middle East experienced a slower trajectory, up 1%.
Video below of David Roche, President, Hotels.com, discussing these numbers: