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The Hotels.com Hotel Price Index (HPI) has
revealed that the average room prices of 4 and 5-star luxury
hotels in the first half of 2011 has dropped when compared to the
same period in 2010.
According to the HPI, the room price of
4-star hotels in Las Vegas has plunged 22% which is the largest
percentage fall among all destinations. Travelers can enjoy 4-star
accommodation in Las Vegas at only HK$ 792 per night.
In Asia, luxury hotels in Shanghai and Tokyo also
experienced a steep drop in room prices in the first half of 2011.
Due to the discounts offered by hotels after World Expo 2010 and
increasing supply of rooms by newly opened hotels, the room prices
for 4 and 5-star hotels in Shanghai have fallen 19% and 17%
respectively. Now it only costs HK$ 754 per night to stay at a
4-star hotel in Shanghai.
Likewise in Tokyo, the average room
price of the 4-star hotels has dropped down to HK$ 1,630,
representing a 5% decrease compared to the same period last year.
In Europe, the HPI shows an 8% fall in the room
price of 4-star hotels in Madrid which now cost HK$1,004 per night.
For those who prefer
short-haul travel, travellers book 4-star hotels in
Beijing, Guangzhou and Shanghai with HK$1,000 or less.
Similarly,
4-star hotels in Prague and Budapest should also cost less than HK$1,000 per
night according to the HPI.
Hotel rooms in New York that cost
HK$1,000 give travelers have no choice other than 1-star
hotels. The same amount of money suffices for staying at local
3-star hotels in Hong Kong.
The Hotels.com HPI is
based on bookings made on Hotels.com sites around the world and
tracks the real prices paid per hotel room (rather than advertised
rates) for about 125,000 properties across more than 19,000
locations. The latest HPI looks at prices in the first half of
2011 compared to the same period last year.
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