Hotel Price Index ? Review of global hotel prices: Jan ? Jun 2011
The Hotels.com Hotel Price IndexTM (HPI?) is a regular survey of hotel prices in major destinations across the world. The HPI is based on bookings made on Hotels.com and prices shown are those actually paid by customers (rather than advertised rates) in the first half of 2011.
Now in its eighth year, the HPI? is respected as the definitive report on hotel prices paid around the world and increasingly used as a reference tool by media, hoteliers, analysts, tourism bodies and academics.
- The HPITM tracks the real prices paid per room by Hotels.com customers around the world using a weighted average based on the number of rooms sold in each of the markets that Hotels.com operates in.
- Approximately 125,000 properties in more than 19,000 global locations make up the sample set of hotels from which prices are taken.
The international scale of Hotels.com (in terms of both customers and destinations) makes the Hotel Price Index one of the most comprehensive benchmarks available, as it incorporates both chain and independent hotels, as well as options such as self-catering and bed and breakfast properties.
News releases and full reports:
In the HPI report, we focus on two main sources of data:
The first section (Chapter 1) shows the global Hotel Price Index for the first half of 2011 (January to June) compared with the corresponding period in 2010.
The Index is compiled from all relevant transactions on Hotels.com, in local currency, weighted to reflect the size of each market. By representing hotel price movements in an index, Hotels.com can illustrate the actual price movements as paid by consumers without foreign exchange fluctuations distorting the picture.
The Index was started in 2004 at 100, and includes all bookings across all star ratings from one to five-star.
The second section shows hotel prices across the world per room per night as paid by local travellers in local currencies, comparing prices paid in the January-June period of 2011 with the same period in 2010. This shows the changes in real prices paid by consumers, reflecting both movements in exchange rates and hotel pricing.
The final chapter focuses on some additional, more light-hearted facts and hotel habits identified by Hotels.com.