O Hotels.com Hotel Price Index (HPI) é um inquérito periódico de preços de hotéis nos principais destinos principais cidades em todo o mundo. O HPI é baseada em reservas feitas na Hotels.com, e os preços apresentados são os efectivamente pagos pelos clientes, em vez de taxas de publicidade. O IPH usa uma média ponderada com base no número de quartos vendidos em cada um dos mercados que opera dentro Hotels.com A dimensão internacional da Hotels.com, tanto em termos de clientes e destinos torna o HPI uma das referências mais abrangente disponível, uma vez que incorpora tanto a cadeia e hotéis independentes, bem como auto-suficiente e de cama e pequeno-almoço propriedades.
The hotel industry prior to Yotel's launch in 2007 was a highly competitive red ocean characterized by:
1) Thin margins and intense price competition among major global chains for market share in Europe and US which accounted for over 70% of the $472 billion industry.
2) The UK hotel market saw lackluster 1.2% growth and increased room capacity and refurbishments, exacerbating competition.
3) Hotels competed primarily on price, location, and efficiency while threats from new entrants was moderate due to high capital costs and sustaining differentiation in a saturated market. Yotel aimed to create a blue ocean by reimagining the hotel experience.
Etude PwC sur l'hôtellerie européenne en 2015 (mars 2015)PwC France
http://pwc.to/1EdzmId - Selon l’étude de PwC sur l’hôtellerie en Europe, l’amélioration du climat économique et la multiplication des déplacements professionnels devraient stimuler le secteur de l’hôtellerie en 2015 et 2016.
Si la majorité des 20 villes étudiées par PwC devrait connaître une croissance plus élevée en 2015, Paris reste la ville au RevPAR le plus élevé.
PwC révèle ses 5 prévisions pour le secteur : entre avancées technologiques, potentielle taxe carbone et nouvelles zones de croissance, le secteur hôtelier doit s’adapter.
Global hospitality insights provides an overview of key trends in the hospitality industry in 2015:
1) Real estate fundamentals and capital availability are improving, fueling increased transaction volume and competition globally. Hotel investment is expected to exceed $54.5 billion in 2014.
2) A large wave of new hotels will open in 2015, with over 1.3 million new rooms in the global development pipeline.
3) The US hotel market saw strong performance and cross-border investment in 2014, with foreign buyers looking beyond gateway cities. Capitalization rates are trending lower. Latin America faces economic challenges but development is ongoing, while Europe and the Middle East show increased investment and transactions.
Hotels.com' Review of global hotel prices January — June 2014
While average hotel room prices rose globally by 4 per cent in the first six months of 2014, London prices exceeded that with a rise of 9 per cent to £127.
Cambodia is the cheapest place, with rooms only £34 in comparison.
See more: www.travelperformance.com
download: http://goo.gl/nV73SQ
Hsg 2013 - top thoughts - 01-13 - global hospitality insights 2013 final - Mi...Miguel Guedes de Sousa
The document provides an overview of key issues and trends anticipated to impact the global hospitality industry in 2013. It discusses the mixed economic outlook across various regions, with signs of recovery in the US and Asia offset by uncertainty in Europe. While acquisition activity remains subdued, hotel fundamentals are strengthening in many markets due to limited new supply and growing demand. Owners are focusing on optimizing capital through cost controls as uncertainty persists. Infrastructure investments and rising tourism are expected to support lodging development in 2013.
This newsletter provides a snapshot of the performance and outlook of the Greek hotel industry, within the broader context of the international hospitality industry as well as of Greek tourism and Greek socio-economic developments.
The survey found that while investor demand for real estate remains strong in 2016, sentiment is less bullish than in previous years. Investors are looking more widely across regions for opportunities, with interest growing in Central and Eastern Europe. Alternative sectors like student housing and healthcare are attracting significant interest. The recovery in consumer spending is making the retail sector more attractive again, while residential has also seen rising interest. Steady income from rents was the top motivation for real estate investment cited in the survey.
Spotlight on Hotel Developments and Trends in the Middle EastDr. Ehsan Bayat
This document discusses recent trends in the hotel industry in the Middle East. It notes that while some cities like Dubai and Abu Dhabi saw occupancy rates increase in September 2017 compared to the previous year, average room rates fell, resulting in an overall decline in revenue. However, some cities like Kuwait and Cairo saw significant revenue increases. The document also mentions that while occupancy rates have increased in many Middle Eastern markets, falling room rates have led to decreased revenues. Developers continue investing in new hotel projects despite current challenges facing the industry.
The hotel industry prior to Yotel's launch in 2007 was a highly competitive red ocean characterized by:
1) Thin margins and intense price competition among major global chains for market share in Europe and US which accounted for over 70% of the $472 billion industry.
2) The UK hotel market saw lackluster 1.2% growth and increased room capacity and refurbishments, exacerbating competition.
3) Hotels competed primarily on price, location, and efficiency while threats from new entrants was moderate due to high capital costs and sustaining differentiation in a saturated market. Yotel aimed to create a blue ocean by reimagining the hotel experience.
Etude PwC sur l'hôtellerie européenne en 2015 (mars 2015)PwC France
http://pwc.to/1EdzmId - Selon l’étude de PwC sur l’hôtellerie en Europe, l’amélioration du climat économique et la multiplication des déplacements professionnels devraient stimuler le secteur de l’hôtellerie en 2015 et 2016.
Si la majorité des 20 villes étudiées par PwC devrait connaître une croissance plus élevée en 2015, Paris reste la ville au RevPAR le plus élevé.
PwC révèle ses 5 prévisions pour le secteur : entre avancées technologiques, potentielle taxe carbone et nouvelles zones de croissance, le secteur hôtelier doit s’adapter.
Global hospitality insights provides an overview of key trends in the hospitality industry in 2015:
1) Real estate fundamentals and capital availability are improving, fueling increased transaction volume and competition globally. Hotel investment is expected to exceed $54.5 billion in 2014.
2) A large wave of new hotels will open in 2015, with over 1.3 million new rooms in the global development pipeline.
3) The US hotel market saw strong performance and cross-border investment in 2014, with foreign buyers looking beyond gateway cities. Capitalization rates are trending lower. Latin America faces economic challenges but development is ongoing, while Europe and the Middle East show increased investment and transactions.
Hotels.com' Review of global hotel prices January — June 2014
While average hotel room prices rose globally by 4 per cent in the first six months of 2014, London prices exceeded that with a rise of 9 per cent to £127.
Cambodia is the cheapest place, with rooms only £34 in comparison.
See more: www.travelperformance.com
download: http://goo.gl/nV73SQ
Hsg 2013 - top thoughts - 01-13 - global hospitality insights 2013 final - Mi...Miguel Guedes de Sousa
The document provides an overview of key issues and trends anticipated to impact the global hospitality industry in 2013. It discusses the mixed economic outlook across various regions, with signs of recovery in the US and Asia offset by uncertainty in Europe. While acquisition activity remains subdued, hotel fundamentals are strengthening in many markets due to limited new supply and growing demand. Owners are focusing on optimizing capital through cost controls as uncertainty persists. Infrastructure investments and rising tourism are expected to support lodging development in 2013.
This newsletter provides a snapshot of the performance and outlook of the Greek hotel industry, within the broader context of the international hospitality industry as well as of Greek tourism and Greek socio-economic developments.
The survey found that while investor demand for real estate remains strong in 2016, sentiment is less bullish than in previous years. Investors are looking more widely across regions for opportunities, with interest growing in Central and Eastern Europe. Alternative sectors like student housing and healthcare are attracting significant interest. The recovery in consumer spending is making the retail sector more attractive again, while residential has also seen rising interest. Steady income from rents was the top motivation for real estate investment cited in the survey.
Spotlight on Hotel Developments and Trends in the Middle EastDr. Ehsan Bayat
This document discusses recent trends in the hotel industry in the Middle East. It notes that while some cities like Dubai and Abu Dhabi saw occupancy rates increase in September 2017 compared to the previous year, average room rates fell, resulting in an overall decline in revenue. However, some cities like Kuwait and Cairo saw significant revenue increases. The document also mentions that while occupancy rates have increased in many Middle Eastern markets, falling room rates have led to decreased revenues. Developers continue investing in new hotel projects despite current challenges facing the industry.
This document discusses factors that affect hotel occupancy rates. Seven key factors are identified: average room rate, total available hotel rooms, tourist arrivals, star ratings, seasonality, gross domestic product, and consumer price index. Occupancy rates are an important indicator for hotel performance and revenue. Rates can be influenced by both internal factors like service quality and external factors such as economic conditions. Strategies for increasing occupancy include reducing rates in low seasons, promotions, and targeting new markets.
Horwath HTL provides a quarterly update on key hotel markets in China. The data shows year-over-year performance declines for most markets in Q4 2009 compared to Q4 2008, with RevPAR declines ranging from 7% to 53%. Underlying demand grew in some markets like Guangzhou and Hangzhou, but average room rates continued to decline across China, putting pressure on revenue. Looking ahead to 2010, occupancy levels are expected to rise as new supply impacts subside, but average rates may continue to decline as hotels discount to boost occupancy.
USA Travel Industry outlook and Trends 2018. Deloitte Report. David Vicent
A very complete report by Deloitte about travel and tourism industry trends in USA. Very nice report model to analyce key facts in any latin american country.
The document provides an overview and analysis of the hotel market in 2010. It notes that while the market is improving from 2009 levels, transaction volume remains well below peaks from 2007-2008. Reasons given for the low transaction levels include high seller prices, uncertainty around interest rate increases, difficult financing conditions, and lack of industry expertise among many investors. The summary forecasts a gradual increase in transaction volume through the end of the year but notes it will still be below historical norms and that full recovery will take many years. Recovery is seen as strongest in major US and European markets but remaining difficult for Nordic countries like Copenhagen. Extensive industry knowledge is viewed as important for success in today's environment.
The document discusses factors that affect hotel occupancy rates. Some key factors identified are average room rates, total available hotel rooms, tourist arrivals, hotel star ratings, and seasonality. Hotel occupancy rates are an important performance indicator and are influenced by both internal hotel factors like service quality and external factors like the economic environment. The document provides statistics on global and regional hotel occupancy rates and average daily rates.
This document provides a PEST analysis of the hotel industry and discusses sources of finance and fund allocation for hotel projects. It analyzes the political, economic, social, and technological factors affecting the industry. These include regulations, taxes, visa issues, economic conditions, cultural trends, technology usage, and more. It also outlines common sources of finance for hotels such as share capital, loans, and bonds. Finally, it lists the major cost components of hotel projects like land, buildings, facilities, furniture, and staffing.
This document provides a summary of the 2016 European Hotel Valuation Index. Some key points:
- Hotel investment and visitation in Europe increased in 2015, driven by factors like a weaker euro. Hotel values rose 5% on average across Europe.
- Madrid had the highest hotel value growth again in 2015. Dublin, Birmingham, and Manchester also saw strong growth. Athens rebounded with double-digit value increases.
- Paris and Geneva were relatively weaker performers due to security issues and currency changes respectively. Russian markets like Moscow and St. Petersburg remained challenged.
- The report analyzes value changes, transactions, investments, and performance in major European hotel markets. It provides an index of relative hotel values across
This document provides a summary of the hotel market and economic outlook from Pandox, a leading European hotel property company. It discusses positive signs for growth in many hotel markets, led by the US where RevPAR has increased 5.6% this year. Growth is also picking up in large European cities like Paris, Berlin, and Amsterdam due to effects from the recovering US market. The Scandinavian hotel market is expected to gradually improve over the course of 2013 and 2014. Challenges remain for European hotels to increase average room prices, which have barely changed since 2007 despite decent demand.
The document discusses marketing issues facing the Toronto Hilton International hotel. It provides a SWOT analysis and operating ratio analysis of THI and its competitors. Key issues are a decline in THI's average daily rate and occupancy rate. Recommendations include focusing on conventions and business travelers through a MICE strategy and lowering the rack rate while maintaining ADR to increase occupancy.
N1 phono tech_research_ph.2_15_06_2015Andrew Grant
This document provides an overview of the luxury hotel market and various hotel brands. It discusses key trends in the luxury hotel sector such as an increased focus on delivering personalized local experiences through global hotel brands. Several hotel chains are profiled that are leaders in the luxury market, including Accor, Hilton, Hyatt, IHG, Marriott, Starwood, and Taj Hotels. Pipeline data is also presented on new hotel room construction in Europe, with the majority being upscale brands.
Increased tourist levels across Spain as a result of the Spanish and wider European economic recovery have fed into the hotel sector. RevPar growth and healthy occupancy rates have made the asset class appealing for new investment. Madrid prime location hotel yields hover around 6-8% while Madrid trophy asset yields are between 4-5.5%. A value added strategy of purchasing empty buildings and renovating them into new hotels is more economical than acquiring existing hotels outright. Banks cleaning up balance sheets has opened investment opportunities for both underlying hotel assets and financing by institutional investors. Intermediaries providing stable rental income to hotel owners while taking on management contracts have created alternative ways to enter the sector.
Hotels Hospitality Group Hotel Investment OutLook 2017 JLLMYO AUNG Myanmar
http://www.jll.com/Documents/Hospitality/JLL-HIO-2017.pdf
Hotels & Hospitality Group | January 2017-Hotel Investment Outlook 2017 JLL
A year of resets and changes stands to make way for a year of stability and greater
consistency for investment flows. Our total global expectation for hotel real estate
transactions in 2017 is $60 billion, mirroring the level recorded in 2016.
• EMEA is expected to see growth in volumes from approximately $20.5 billion in
2016 to $22.5 billion in 2017.
• Activity in the Americas, after a relatively strong year underpinned by off-shore
buyers, is slated to remain flat at up to $31.0 billion.
• Asia Pacific volumes are expected to hold steady at $8.5 billion in 2017.
The document provides an overview of hotels and hotel chains in Italy in 2016. It discusses trends in the Italian hotel industry over the past 60 years, with total arrivals growing at 2.8% annually and foreign arrivals at 3.5%. International demand now accounts for almost 49% of overall hotel demand in Italy. The report also examines Italy's hotel portfolio compared to other European countries, with Italy ranking third in Europe in number of hotels and first in number of hotel rooms. Performance of the Italian hotel industry improved in 2015 after struggling to recover from downturns in 2008 and 2012, with factors like increased travelers, a weaker Euro, and Expo Milano 2015 contributing to growth.
Etude PwC sur l'hôtellerie européenne (2014)PwC France
http://pwc.to/MHQxud
Après une année 2013 marquée par une reprise fragile, la troisième étude de PwC sur l’hôtellerie en Europe montre que le secteur devrait retrouver le chemin de la croissance en 2014. En matière de croissance du revenu par chambre disponible (Revenue Per Available Room, soit RevPAR), Dublin, Londres et Paris prennent la tête du classement. L’hôtellerie parisienne devrait ainsi connaître une croissance de près 4% de son RevPAR en 2014, grâce à des taux d’occupation et prix moyen élevés.
Company Overview Hotels.com was co-founded by Robert Diener an.docxdonnajames55
Company Overview
Hotels.com was co-founded by Robert Diener and David Litman in 1991. Hotels.com has been purchaced by Expedia but still operates as an independant entityand continues to provide its customers with their unique hotel and motel booking service. Hotels.com is one of the leading online accommodation booking website with properties ranging from international and all-inclusive resorts, to local favorites and bed & breakfasts. Hotels.com also provide specific apps for mobile phones and tablets that allow customers to book on the go with access to “20,000 last minute deals”.
Company History
Founded in 1991 by Robert B. Diener and David S. Litman, Hotels.com was first known as Hotel Reservations Network until the domain name Hotels.com was purchased in 2002 for ~$11m and assigned as the company name. [1][2] In 1995 Hotels.com was one of the first companies to use the Internet to offer their services on a global network. In February of 2000, Hotels.com went public with great success and ranked in the top 1% of public companies until 2003. In 2003, as Hotels.com was valued at $5.5 billion, founders David Litman and Robert Deiner sold their portion of Hotels.com to InterActiveCorp. The founders then left of the company later in 2004.[1]
Legal Issues
In 2007, Lewkowicz and Judith Smith of Oakland filed a class-action lawsuit in Alameda County Superior Court, claiming that Hotels.com did not guarantee wheelchair-accessible rooms. In 2009 the non-profit, DRA (Disability Rights Advocates), reached a settlement with the two major online travel service companies, Hotels.com and Expedia.com. Under the settlement both companies agreed to improve reservation services for travelers with disabilities by adding new features to their websites to improve accommodations for those with disabilities such as, wheelchair accessible showers, braille signage, and assistive telecommunications.[3] [4]
Market
Combined with its parent company Expedia.com, Hotels.com had 40% of USA’s OTA (Online Travel Agent) bookings in 2014. Hotels.com’s major competitors in the USA are Priceline, Orbitz Worldwide, and Travelocity. These four brands had 95% of the US market share in 2014 due to each of these brands owning a number of online room booking services. [5]
There are growing forces of newly entered companies in OTA market that have already become a threat to existing OTAs. Airbnb, founded in 2008, has rental listings of over two million spaces in 34,000 cities in 190 countries, serving 60 million customers to date. Airbnb differentiated its service from traditional OTAs by offering listings of privately owned apartment rooms and homes among other unique options. Airbnb has won popularity among younger generations by offering the experience of homestay accommodations with strict policy to protect guest and host participants. Though it is not publicly disclosed, Airbnb is estimated to of had an average revenue growth of 173% for a one year period between 2011 and .
The future of travel and tourism in the uk to 2016benturner06
The document provides an analysis of the future of travel and tourism in the UK from 2007-2016. It finds that in 2011, the UK ranked 7th on a tourism competitiveness index and was the 3rd most exciting country culturally. London became more popular as a tourist destination after hosting the 2012 Olympics. The tourism industry comprised 7% of UK GDP in 2011 and represented 10.6% of employment. The report provides a detailed analysis of historical and forecast tourism demand, flows, employment trends, and the performance of industries like airlines, hotels, and car rentals. It finds domestic tourism rebounded in 2011 while international visitors grew slightly, and analyzes tourism trends and destinations for UK travelers.
The global hospitality industry entered 2014 on an upward growth trajectory; a greater sense of optimism was palpable across most regions, as accelerating capital markets, favorable supply and demand balances, and strong investor appetites fueled higher transaction volumes and strengthened lodging fundamentals.
The document provides an executive summary of a report on the UK online travel and tourism market between January 2012 and September 2012. It finds that the number of domestic holidays in the UK has increased to an average of 61% of total holidays taken, with 6 out of every 10 holidays being domestic, due to factors like the financial crisis and rising fuel costs. It also notes that 65% of UK adults go online to research or purchase their holidays. The report analyzes search data and social media strategies for the top travel brands to determine market leaders in different travel categories.
ED Consulting - A expressão territorial dos destinos turísticos, da sustentab...EDconsulting
Este documento resume o relatório "Retrato Territorial de Portugal 2009" publicado pelo Instituto Nacional de Estatística de Portugal. O relatório analisa as dinâmicas territoriais portuguesas focando-se na valorização de destinos turísticos, sustentabilidade demográfica e produção industrial. Analisa a concentração da oferta hoteleira e construção para turismo, e intensidade da procura turística entre regiões. Destaca o Algarve e Madeira como principais destinos turísticos.
1) O documento apresenta pacotes de férias na ilha de Porto Santo entre 9 de Abril e 8 de Outubro de 2011, com voos SATA de Lisboa, estadias em vários hotéis e seguro viagem.
2) São fornecidos preços por pessoa em regime de APA para quartos duplos, triplos e individuais em cada um dos hotéis participantes.
3) Inclui também detalhes sobre taxas adicionais, datas com lugares limitados e políticas de cancelamento.
This document discusses factors that affect hotel occupancy rates. Seven key factors are identified: average room rate, total available hotel rooms, tourist arrivals, star ratings, seasonality, gross domestic product, and consumer price index. Occupancy rates are an important indicator for hotel performance and revenue. Rates can be influenced by both internal factors like service quality and external factors such as economic conditions. Strategies for increasing occupancy include reducing rates in low seasons, promotions, and targeting new markets.
Horwath HTL provides a quarterly update on key hotel markets in China. The data shows year-over-year performance declines for most markets in Q4 2009 compared to Q4 2008, with RevPAR declines ranging from 7% to 53%. Underlying demand grew in some markets like Guangzhou and Hangzhou, but average room rates continued to decline across China, putting pressure on revenue. Looking ahead to 2010, occupancy levels are expected to rise as new supply impacts subside, but average rates may continue to decline as hotels discount to boost occupancy.
USA Travel Industry outlook and Trends 2018. Deloitte Report. David Vicent
A very complete report by Deloitte about travel and tourism industry trends in USA. Very nice report model to analyce key facts in any latin american country.
The document provides an overview and analysis of the hotel market in 2010. It notes that while the market is improving from 2009 levels, transaction volume remains well below peaks from 2007-2008. Reasons given for the low transaction levels include high seller prices, uncertainty around interest rate increases, difficult financing conditions, and lack of industry expertise among many investors. The summary forecasts a gradual increase in transaction volume through the end of the year but notes it will still be below historical norms and that full recovery will take many years. Recovery is seen as strongest in major US and European markets but remaining difficult for Nordic countries like Copenhagen. Extensive industry knowledge is viewed as important for success in today's environment.
The document discusses factors that affect hotel occupancy rates. Some key factors identified are average room rates, total available hotel rooms, tourist arrivals, hotel star ratings, and seasonality. Hotel occupancy rates are an important performance indicator and are influenced by both internal hotel factors like service quality and external factors like the economic environment. The document provides statistics on global and regional hotel occupancy rates and average daily rates.
This document provides a PEST analysis of the hotel industry and discusses sources of finance and fund allocation for hotel projects. It analyzes the political, economic, social, and technological factors affecting the industry. These include regulations, taxes, visa issues, economic conditions, cultural trends, technology usage, and more. It also outlines common sources of finance for hotels such as share capital, loans, and bonds. Finally, it lists the major cost components of hotel projects like land, buildings, facilities, furniture, and staffing.
This document provides a summary of the 2016 European Hotel Valuation Index. Some key points:
- Hotel investment and visitation in Europe increased in 2015, driven by factors like a weaker euro. Hotel values rose 5% on average across Europe.
- Madrid had the highest hotel value growth again in 2015. Dublin, Birmingham, and Manchester also saw strong growth. Athens rebounded with double-digit value increases.
- Paris and Geneva were relatively weaker performers due to security issues and currency changes respectively. Russian markets like Moscow and St. Petersburg remained challenged.
- The report analyzes value changes, transactions, investments, and performance in major European hotel markets. It provides an index of relative hotel values across
This document provides a summary of the hotel market and economic outlook from Pandox, a leading European hotel property company. It discusses positive signs for growth in many hotel markets, led by the US where RevPAR has increased 5.6% this year. Growth is also picking up in large European cities like Paris, Berlin, and Amsterdam due to effects from the recovering US market. The Scandinavian hotel market is expected to gradually improve over the course of 2013 and 2014. Challenges remain for European hotels to increase average room prices, which have barely changed since 2007 despite decent demand.
The document discusses marketing issues facing the Toronto Hilton International hotel. It provides a SWOT analysis and operating ratio analysis of THI and its competitors. Key issues are a decline in THI's average daily rate and occupancy rate. Recommendations include focusing on conventions and business travelers through a MICE strategy and lowering the rack rate while maintaining ADR to increase occupancy.
N1 phono tech_research_ph.2_15_06_2015Andrew Grant
This document provides an overview of the luxury hotel market and various hotel brands. It discusses key trends in the luxury hotel sector such as an increased focus on delivering personalized local experiences through global hotel brands. Several hotel chains are profiled that are leaders in the luxury market, including Accor, Hilton, Hyatt, IHG, Marriott, Starwood, and Taj Hotels. Pipeline data is also presented on new hotel room construction in Europe, with the majority being upscale brands.
Increased tourist levels across Spain as a result of the Spanish and wider European economic recovery have fed into the hotel sector. RevPar growth and healthy occupancy rates have made the asset class appealing for new investment. Madrid prime location hotel yields hover around 6-8% while Madrid trophy asset yields are between 4-5.5%. A value added strategy of purchasing empty buildings and renovating them into new hotels is more economical than acquiring existing hotels outright. Banks cleaning up balance sheets has opened investment opportunities for both underlying hotel assets and financing by institutional investors. Intermediaries providing stable rental income to hotel owners while taking on management contracts have created alternative ways to enter the sector.
Hotels Hospitality Group Hotel Investment OutLook 2017 JLLMYO AUNG Myanmar
http://www.jll.com/Documents/Hospitality/JLL-HIO-2017.pdf
Hotels & Hospitality Group | January 2017-Hotel Investment Outlook 2017 JLL
A year of resets and changes stands to make way for a year of stability and greater
consistency for investment flows. Our total global expectation for hotel real estate
transactions in 2017 is $60 billion, mirroring the level recorded in 2016.
• EMEA is expected to see growth in volumes from approximately $20.5 billion in
2016 to $22.5 billion in 2017.
• Activity in the Americas, after a relatively strong year underpinned by off-shore
buyers, is slated to remain flat at up to $31.0 billion.
• Asia Pacific volumes are expected to hold steady at $8.5 billion in 2017.
The document provides an overview of hotels and hotel chains in Italy in 2016. It discusses trends in the Italian hotel industry over the past 60 years, with total arrivals growing at 2.8% annually and foreign arrivals at 3.5%. International demand now accounts for almost 49% of overall hotel demand in Italy. The report also examines Italy's hotel portfolio compared to other European countries, with Italy ranking third in Europe in number of hotels and first in number of hotel rooms. Performance of the Italian hotel industry improved in 2015 after struggling to recover from downturns in 2008 and 2012, with factors like increased travelers, a weaker Euro, and Expo Milano 2015 contributing to growth.
Etude PwC sur l'hôtellerie européenne (2014)PwC France
http://pwc.to/MHQxud
Après une année 2013 marquée par une reprise fragile, la troisième étude de PwC sur l’hôtellerie en Europe montre que le secteur devrait retrouver le chemin de la croissance en 2014. En matière de croissance du revenu par chambre disponible (Revenue Per Available Room, soit RevPAR), Dublin, Londres et Paris prennent la tête du classement. L’hôtellerie parisienne devrait ainsi connaître une croissance de près 4% de son RevPAR en 2014, grâce à des taux d’occupation et prix moyen élevés.
Company Overview Hotels.com was co-founded by Robert Diener an.docxdonnajames55
Company Overview
Hotels.com was co-founded by Robert Diener and David Litman in 1991. Hotels.com has been purchaced by Expedia but still operates as an independant entityand continues to provide its customers with their unique hotel and motel booking service. Hotels.com is one of the leading online accommodation booking website with properties ranging from international and all-inclusive resorts, to local favorites and bed & breakfasts. Hotels.com also provide specific apps for mobile phones and tablets that allow customers to book on the go with access to “20,000 last minute deals”.
Company History
Founded in 1991 by Robert B. Diener and David S. Litman, Hotels.com was first known as Hotel Reservations Network until the domain name Hotels.com was purchased in 2002 for ~$11m and assigned as the company name. [1][2] In 1995 Hotels.com was one of the first companies to use the Internet to offer their services on a global network. In February of 2000, Hotels.com went public with great success and ranked in the top 1% of public companies until 2003. In 2003, as Hotels.com was valued at $5.5 billion, founders David Litman and Robert Deiner sold their portion of Hotels.com to InterActiveCorp. The founders then left of the company later in 2004.[1]
Legal Issues
In 2007, Lewkowicz and Judith Smith of Oakland filed a class-action lawsuit in Alameda County Superior Court, claiming that Hotels.com did not guarantee wheelchair-accessible rooms. In 2009 the non-profit, DRA (Disability Rights Advocates), reached a settlement with the two major online travel service companies, Hotels.com and Expedia.com. Under the settlement both companies agreed to improve reservation services for travelers with disabilities by adding new features to their websites to improve accommodations for those with disabilities such as, wheelchair accessible showers, braille signage, and assistive telecommunications.[3] [4]
Market
Combined with its parent company Expedia.com, Hotels.com had 40% of USA’s OTA (Online Travel Agent) bookings in 2014. Hotels.com’s major competitors in the USA are Priceline, Orbitz Worldwide, and Travelocity. These four brands had 95% of the US market share in 2014 due to each of these brands owning a number of online room booking services. [5]
There are growing forces of newly entered companies in OTA market that have already become a threat to existing OTAs. Airbnb, founded in 2008, has rental listings of over two million spaces in 34,000 cities in 190 countries, serving 60 million customers to date. Airbnb differentiated its service from traditional OTAs by offering listings of privately owned apartment rooms and homes among other unique options. Airbnb has won popularity among younger generations by offering the experience of homestay accommodations with strict policy to protect guest and host participants. Though it is not publicly disclosed, Airbnb is estimated to of had an average revenue growth of 173% for a one year period between 2011 and .
The future of travel and tourism in the uk to 2016benturner06
The document provides an analysis of the future of travel and tourism in the UK from 2007-2016. It finds that in 2011, the UK ranked 7th on a tourism competitiveness index and was the 3rd most exciting country culturally. London became more popular as a tourist destination after hosting the 2012 Olympics. The tourism industry comprised 7% of UK GDP in 2011 and represented 10.6% of employment. The report provides a detailed analysis of historical and forecast tourism demand, flows, employment trends, and the performance of industries like airlines, hotels, and car rentals. It finds domestic tourism rebounded in 2011 while international visitors grew slightly, and analyzes tourism trends and destinations for UK travelers.
The global hospitality industry entered 2014 on an upward growth trajectory; a greater sense of optimism was palpable across most regions, as accelerating capital markets, favorable supply and demand balances, and strong investor appetites fueled higher transaction volumes and strengthened lodging fundamentals.
The document provides an executive summary of a report on the UK online travel and tourism market between January 2012 and September 2012. It finds that the number of domestic holidays in the UK has increased to an average of 61% of total holidays taken, with 6 out of every 10 holidays being domestic, due to factors like the financial crisis and rising fuel costs. It also notes that 65% of UK adults go online to research or purchase their holidays. The report analyzes search data and social media strategies for the top travel brands to determine market leaders in different travel categories.
Similar to ED Consulting Hotel Price Index 2010 (20)
ED Consulting - A expressão territorial dos destinos turísticos, da sustentab...EDconsulting
Este documento resume o relatório "Retrato Territorial de Portugal 2009" publicado pelo Instituto Nacional de Estatística de Portugal. O relatório analisa as dinâmicas territoriais portuguesas focando-se na valorização de destinos turísticos, sustentabilidade demográfica e produção industrial. Analisa a concentração da oferta hoteleira e construção para turismo, e intensidade da procura turística entre regiões. Destaca o Algarve e Madeira como principais destinos turísticos.
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The newsletter from April 2011 contained information for that month. It likely provided updates on recent news and events from the organization as well as looking ahead to plans for upcoming activities in the near future. In a concise yet informative manner, the newsletter aimed to keep readers aware of the latest developments.
Manual IV - Marketing e comercialização de produtos e destinosEDconsulting
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Sicily's Coastal Charms: Discovering the Top 5 Beaches on the IslandTime for Sicily
Nestled in the azure embrace of the Mediterranean, Sicily boasts a coastline dotted with breathtaking beaches. From secluded coves to lively shores, each offers a unique slice of paradise. Among the island's gems, Mondello Beach entices with its golden sands and crystal-clear waters, while San Vito Lo Capo enchants visitors with its powdery shores framed by rugged cliffs. For a taste of history and natural beauty, Scala dei Turchi beckons with its striking white cliffs, while Isola Bella captivates with its picturesque islet setting. Sicily's coastal charms await exploration, promising unforgettable seaside adventures. For more information, visit the website https://timeforsicily.com/the-top-5-beaches-in-sicily-for-this-summer/
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3. Introduction
The Hotels.com Hotel Price IndexTM (HPI®) is a regular survey The international scale of Hotels.com (in terms of both
of hotel prices in major destinations across the world. The customers and destinations) makes the Hotel Price Index
HPI is based on bookings made on Hotels.com and prices one of the most comprehensive benchmarks available, as
shown are those actually paid by customers (rather than it incorporates both chain and independent hotels, as well
advertised rates) in 2010. as options such as self-catering and bed and breakfast
properties.
Now in its seventh 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, 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 110,000 properties in more than 18,000
global locations make up the sample set of hotels from
which prices are taken.
4.
5. Foreword
David Roche
President of Hotels.com
On the rebound?
Reading our seventh annual Hotel Price Index reminded me
of a joke about two economists meeting at a conference.
First economist: “How’s your wife?” First, business travel, and the associated convention trade,
is back. This is reflected in higher occupancy levels for the
Second economist: “Relative to what?”
major business centres and higher star rating hotels. By
After the worst trading conditions most in the market had October last year, occupancy in London was running at
seen, our 2010 story shows a market in recovery, and allows over 90%, with Barcelona, Paris and Amsterdam all running
us, for now, to call the bottom of it at around the turn of at over 80% (TRI Hospitality Consulting). The HPI shows
2009. Such pronouncements are all relative. The average the increase in prices from these higher occupancy rates
price of a hotel night grew by 2% globally last year. However, in most major business destinations – from the booming
since the fall was so prolonged and steep, guests were still Asian markets of Singapore and Shanghai to London and
roughly paying what they would have done six or seven New York. Even Las Vegas, a watchword for knockdown
years ago. Whilst the high volume of promotions we saw in prices in the recession, saw a significant rise in prices as the
the depth of the crisis has dried up somewhat, there are still convention business returned.
deals to be had.
Second, although the return of the business traveller
Averages tend to mislead. Any recovery story would ring accounts for the biggest swing in occupancy, and therefore
hollow in say Ireland or Spain, where local economic pricing, this isn’t just a business story. Travel in general
problems have spilled over into the hotel market. Meanwhile, staged something of a recovery. International arrivals
we can see much stronger recovery in global business grew over 5% in 2010, having fallen by 4% the previous
centres, and both Asian and luxury markets look buoyant, year (WTO). Those who are travelling are spending more.
despite significant increases in capacity. Viewed from Occupancy in luxury properties in the US, for example, is
Hotels.com – as good a vantage point as any given the running between ten and fifteen points higher than in the
breadth of our supply and sales - the story of 2010, and lower star categories. Although we’ve once again compiled a
likely 2011, has four key themes. list of the cheapest places for a luxury stay, it’s a shorter one
than it would have been eighteen months ago.
The Hotel Price Index Review of hotel prices in 2010 1
6. So if the occupancy story has signs of strength, why aren’t So overall, 2010 I think is the story of a recovery, even if it
prices recovering more strongly? is one that had, and is likely to continue having, particular
twists and turns. The pages of this report contain the usual
Here, the previous point about misleading averages is
stories for each destination, from World Cups to Icelandic
worth remembering – in many places in the survey, they
volcanoes, and their impact on the price of a hotel. One thing
are, albeit from low bases. The other force acting on prices
is for certain. As we pass our 20th anniversary in 2011, the
is supply, which has continued to expand, if a touch more
team at Hotels.com is more determined than ever to offer
selectively, through the downturn. London is in the process
consumers great deals and all the information they need to
of adding 12,000 rooms in the run up to the 2012 Olympics,
book the right hotel.
with a particular focus on the luxury sector. Paris expects a
70% increase in luxury hotel capacity in the next two years
(Smith Travel Research). STR also reported 310 hotels under
construction in Europe at the mid-point of our survey. This
trend is more than mirrored in the faster growing Asian
and Latin American markets. So, although financing has
undoubtedly been tighter, building has continued, and may
well continue to act as a brake on prices in the future.
Lastly, promotions, whilst still widespread, have become
more selective. The pricing trends in this report still reflect
hoteliers’ use of attractive discounts to attract consumers
who have grown used to discounting across many shopping
categories. This likely permanent change in consumers’
mindsets means that promotions and deals are unlikely to
dry up, and will again form some sort of bulwark against
trends that would otherwise see faster rises in the price of a
hotel.
2 The Hotel Price Index Review of hotel prices in 2010
7. Contents
1. Global price changes in 2010
Overall
By region
2. Global city destinations
Prices across the world’s cities
Highest price rises and falls
3. Price changes by country
4. Focus on the UK
5. Prices paid at home and away
6. Where to go for £100 a night
7. Average room prices by star rating
8. Luxury for less
9. Travel habits
Top UK destinations for UK travellers
Top overseas destinations for UK travellers
Top UK destinations for travellers from overseas
The Hotel Price Index Review of hotel prices in 2010 3
8. In the HPI report, we focus on two main sources of data: The report largely compares prices paid in 2010 with prices
paid in 2009.
The first section (chapter 1) shows the global Hotel Price
Index for 2010. The second section (chapters 2-9) shows hotel prices
across the world as paid by UK travellers in Pounds Sterling.
The Index is compiled from all relevant transactions on
This shows the changes in real prices paid by consumers,
Hotels.com, in local currency, weighted to reflect the size of
reflecting both movements in exchange rates and hotel
each market. By representing hotel price movements in an
pricing.
index, Hotels.com can illustrate the actual price movements
as felt by consumers without foreign exchange fluctuations
distorting the picture.
The Index was started in 2004 at a benchmark of 100, and
includes all bookings across all star ratings.
4 The Hotel Price Index Review of hotel prices in 2010
9. 1. Global price changes in 2010
The average price of a hotel room around the world rose 2% European prices stay flat in 2010
in 2010 but was still only at the level it was in 2004 when the
Hotels.com Hotel Price Index was launched. • Prices paid by travellers for hotel rooms in Europe stayed
flat compared to 2009.
The small rise took the average cost of a room to 100 on the
Index, the level it was six years ago. • Prices had fallen for seven consecutive quarters
going into 2010 so the stabilisation during the year will
Prices remained flat in Europe, rose just 1% in Latin America be welcomed by hoteliers.
and the Caribbean and fell by 2% in Asia. However, the
average was boosted by a 2% rise in North America. • The Hotel Price Index for Europe stood at 99 at the end
of 2010, flat from the previous year. That means that the
average cost of a room in Europe is now 1% less than it
was in 2004 when the Hotel Price Index was launched
and 20% lower than when the average European price
peaked in Q2 2007.
Figure 1 HPI quarterly breakdown for Q1 2004 to Q4 2010 globally
130
120
Index Points
110
100
90
80
Q1 04
Q2 04
Q3 04
Q4 04
Q1 05
Q2 05
Q3 05
Q4 05
Q1 06
Q2 06
Q3 06
Q4 06
Q1 07
Q2 07
Q3 07
Q4 07
Q1 08
Q2 08
Q3 08
Q4 08
Q1 09
Q2 09
Q3 09
Q4 09
Q1 10
Q2 10
Q3 10
Q4 10
The Hotel Price Index Review of hotel prices in 2010 5
10. Figure 2 HPI by quarter, by region, Europe, Asia - Pacific, North America, Latin America and
Caribbean 2004 - 2010
180 Asia - Pacific
Caribbean
160
Europe
Index Points
140
Latin
America
120
North
America
100
80
Q1 04
Q3 04
Q4 04
Q1 05
Q2 05
Q3 05
Q4 05
Q1 06
Q2 06
Q3 06
Q4 06
Q1 07
Q2 07
Q3 07
Q4 07
Q1 08
Q2 08
Q3 08
Q4 08
Q1 09
Q2 09
Q3 09
Q4 09
Q1 10
Q2 10
Q3 10
Q4 10
Q2 04
North America shows small increase • Prices for the Caribbean rose by 1% year-on-year.
The stabilisation came after two years of successive
• Prices paid by travellers for hotel rooms in North America falls in 2008 and 2009. At the end of 2010, the HPI for
(the US and Canada) rose 2% in 2010. The North the Caribbean stood at 114 points, still 16 points down
American HPI stood at 98 at the end of year. on its 2007 peak.
• The year started with the ninth consecutive quarterly • Prices across Latin America also rose by 1% taking its
fall of 2% in the first quarter but then picked up with HPI to 111, still 22 points short of its 2007 high.
increases of 3%, 4% and 3% respectively in the second,
third and fourth quarters. Stronger demand from both
leisure and business travellers seems to have Asia sees overall price falls despite growth
emboldened hoteliers to raise rates.
in Chinese economy
• Despite the small rises, room rates were still 2% lower
• Average prices paid for hotel rooms in Asia - Pacific fell
than when the HPI was started in 2004.
2% during 2010.
6 The Hotel Price Index Review of hotel prices in 2010
11. • However, the Hotel Price Index for Asia - Pacific in 2010 North America
stood at 115, 15% higher than when the HPI was
launched in 2004. This shows prices overall have
increased during the period from 2004 to 2010.
• The Index is back to Q3 2009 levels but the region now
exhibits a very varying landscape. For example, Thailand
suffered from political unrest and having a relatively large
supply base; Japan faced challenges in the continued
slow domestic economy and a strong currency; Singapore
on the other hand recorded significant increases thanks to
the strong bounce back of corporate travellers and new
tourist attractions and Shanghai price points were boosted
by the successful World Expo.
China
When Is A Deal Really A Deal
The closer the 2010 HPI is to its 2004 starting point of 100
the better the value. North America offered outstanding
value with average prices less than they were six years
ago, with the HPI standing at 98. This was despite an
overall 2% increase, fuelled by rising occupancy levels,
especially in more upscale hotels, and shrinking discounts.
However, even though Asia saw overall price falls of 2%,
there was less value to be had compared to 2004 with the
2010 HPI 15% higher.
Travellers looking for good deals should avoid booking
at peak times if at all possible and be aware of currency
fluctuations.
The Hotel Price Index Review of hotel prices in 2010 7
12. 2. Price changes in global city
destinations
The following sections reflect the real Pound Sterling (£) A World Cup double whammy
prices paid by travellers from the UK during 2010 –
compared to prices paid in Pound Sterling a year before. England’s disappointing early exit from the 2010 World Cup
tournament in South Africa wasn’t the only thing travellers
UK travellers faced a tough year in 2010 with price rises in had to contend with in 2010. There were big price rises in
many of their favourite destinations. This could in part be Cape Town to £122 (28%) where many England fans were
explained by the diminishing value of Sterling but it was also based, and in Johannesburg to £120 (7%) as demand
due to hoteliers raising rates and offering fewer discounts. soared.
Price changes also seemed to reflect the volatile state of the The World Cup effect is something for fans to be aware
world economy with cities in struggling western countries of – not least for the 2022 competition in Qatar, with Doha
seeing falls but fast-developing nations such as Brazil, China already one of the most expensive cities at £169 after a
and India all witnessing double-digit percentage increases. 5% rise. Moscow, a host city for the 2018 tournament, also
proved costly at £149.
Middle Eastern promise
The oil-rich Middle East had two cities (Muscat and Doha)
Muscat
in the top three most expensive destinations, reflecting both
the small number of hotel rooms and the strength of demand
for premium accommodation from both business and leisure
travellers.
Despite economic problems, Dubai was also in the top 20 at
£120 a night on average, finishing the year with just a 1% fall
in prices year on year. This was largely fuelled by hotels at
the top end of the market. Another Emirate, Abu Dhabi, also
featured in the most expensive list despite prices falling a
huge 27% to average £116 a night.
8 The Hotel Price Index Review of hotel prices in 2010
13. America still appeals despite price rises Miami saw a 14% increase to £119, a trend reflected by other
Florida destinations such as Orlando at £63 after an 18%
Leisure and business travellers still flocked to the US despite jump.
having to contend with big price increases in some of their
favourite destinations as the Pound struggled against the Another popular destination, Las Vegas, registered an
Dollar as the year developed. average hotel price of £71 - a 20% hike. Overall though,
prices were still lower than 2004, providing some great value
New York was one of the most expensive cities in the world options. The flat oil price also helped keep demand for hotels
for UK visitors after a 12% rise took the average hotel price to healthy as it made road trips more affordable.
£166, and Washington DC saw a similar jump to £132.
Figure 3 Growth in average UK salary compared to HPI 2004 - 2010
20
15 Seven years of value for
UK travellers
% Growth Rate
10
UK travellers could get more value for
5 money when booking hotel rooms in
2010 than they did seven years before
0 when the HPI launched. Average
salaries have jumped 19% since 2004
-5 – yet average hotel prices are still at
the same level.
2004
2005
2006
2007
2008
2009
2010
HPI Index % Difference: 2004 - 2010 Average UK Salary Growth Rate: 2004 - 2010 (ONS)
The Hotel Price Index Review of hotel prices in 2010 9
14. A mixed picture for Europe Figure 4 Average hotel prices in 2010 compared to 2009
Destination Average Average % Change
Monte Carlo became the most expensive European city at
price per price per year on
£170 after the average hotel price took a 9% leap year on room room year
year, followed by Geneva at £152 per night (up 7%). There per night per night
were similar rises for Paris (up 8%) and Amsterdam (up 9%). 2009 2010
Rooms in Germany’s financial centre of Frankfurt hit £102 Muscat £217 £185 -15%
on average per night (up 14%), indicating a high corporate Monte Carlo £156 £170 9%
demand to do business there. Doha £160 £169 5%
However, the economic uncertainty in some Eurozone New York £148 £166 12%
nations was reflected by price falls in Dublin (down 7%) and Maui £154 £163 6%
Athens (down 3%). Geneva £142 £152 7%
Eastern European cities also saw price drops with Zagreb Moscow £148 £149 1%
(down 20%), Sofia (down 19%), Bucharest (down 13%), Valletta £126 £143 14%
Tallinn (down 11%) and Budapest (down 8%). Moscow was Bergen £111 £142 29%
one of the places to buck the trend with a 1% rise to average
Tel Aviv £119 £139 16%
£149 per night.
Rio De Janeiro £108 £139 28%
There were some big rises in up-and-coming destinations
Washington £117 £132 12%
in the list of the world’s most expensive places. Prices in the
Venice £130 £127 -3%
Maltese capital of Valletta went up by 14% and by 16% in Tel
Nairobi £107 £126 18%
Aviv. The Norwegian city of Bergen experienced a 29% rise,
as leisure travellers came back after the recession of 2009 Singapore £97 £123 26%
pushing up prices. Cape Town £96 £122 28%
Paris £112 £121 8%
Dubai £122 £120 -1%
Johannesburg £112 £120 7%
Miami £104 £119 14%
10 The Hotel Price Index Review of hotel prices in 2010
15. Destination Average Average % Change Destination Average Average % Change
price per price per year on price per price per year on
room room year room room year
per night per night per night per night
2009 2010 2009 2010
Sao Paulo £84 £118 41% Cancun £80 £98 21%
Abu Dhabi £159 £116 -27% Istanbul £93 £95 3%
LONDON £104 £114 10% Toronto £82 £94 15%
Oslo £105 £114 9% Vienna £87 £94 8%
Rome £110 £114 4% New Orleans £80 £93 17%
Stockholm £100 £113 13% Shanghai £69 £91 33%
Milan £97 £108 12% Athens £94 £91 -3%
Mumbai £103 £106 4% Buenos Aires £79 £90 14%
Amsterdam £97 £106 9% Brussels £86 £89 4%
Jerusalem £122 £105 -14% Melbourne £78 £87 11%
Vancouver £96 £105 9% Guangzhou £78 £86 11%
Los Angeles £100 £104 4% Marrakech £80 £74 -7%
Tokyo £106 £104 -3% Reykjavik £76 £72 -6%
Honolulu £96 £103 8% Las Vegas £59 £71 20%
Hong Kong £81 £103 27% Warsaw £66 £70 5%
Copenhagen £111 £103 -7% Dublin £73 £68 -7%
Sydney £85 £102 21% Prague £65 £67 3%
Chicago £101 £102 2% Budapest £70 £65 -8%
Cairo £108 £102 -5% Orlando £54 £63 18%
Frankfurt £89 £102 14% Bangkok £60 £58 -3%
San Francisco £89 £99 11% Tallinn £60 £54 -11%
The Hotel Price Index Review of hotel prices in 2010 11
16. Figure 5 The biggest percentage price rises in 2010 compared Cape Town
with 2009
Destination Average Average % Change
price per price per year on
room room year
per night per night
2009 2010
Sao Paulo £84 £118 41%
Shanghai £69 £91 33%
Biarritz £96 £128 33%
Bergen £111 £142 29%
Cape Town £96 £122 28%
Rio de Janeiro £108 £139 28%
Hong Kong £81 £103 27%
Sydney £85 £102 21% average room rates, largely as a result of the strong
Brazilian currency and booming economy. These factors
Cancun £80 £98 21%
were also reflected in China with Hong Kong witnessing
Colombo £73 £88 21%
a 27% rise and Shanghai a 33% increase.
Jaipur £52 £62 21%
• Las Vegas, synonymous with knockdown prices during
Las Vegas £59 £71 20%
the recession saw a 20% price rise as the convention
Anaheim £66 £79 19%
business returned.
• The heaviest rises year-on-year for UK travellers came • A hotel room in Jaipur on the Golden Triangle tourist
in the non-Euro destinations. Hotel rates served as route surged 21% in price to average £62 a night and
a good barometer of the growing importance and the average rate in Cancun leapt by a similar amount
development of cities in rapidly-developing countries. benefitting from new luxury hotels and British Airways
launching a direct flight to the resort.
• Rio de Janeiro and Sao Paulo in Brazil saw
staggering increases of 28% and 41% respectively in
12 The Hotel Price Index Review of hotel prices in 2010
17. 50%
40%
30%
20%
Rio de Janeiro
Hong Kong
Cape Town
Las Vegas
Sao Paulo
Shanghai
Colombo
10%
Anaheim
Cancun
Sydney
Biarritz
Bergen
Jaipur
0%
Muscat
Casablanca
Leipzig
Kiev
Sofia
Zagreb
Phnom Penh
Detroit
Chennai
Osaka
Abu Dhabi
-10%
-20%
-30%
Figure 6 The biggest percentage price rises and falls in 2010 compared with 2009
Figure 7 The biggest percentage price falls in 2010
Destination Average Average % Change
compared with 2009 price per price per year on
Destination Average Average % Change room room year
price per price per year on per night per night
room room year 2009 2010
per night per night Kiev £119 £99 -17%
2009 2010
Leipzig £70 £58 -17%
Abu Dhabi £159 £116 -27%
Casablanca £93 £78 -16%
Osaka £93 £69 -26%
Muscat £217 £185 -15%
Chennai £105 £78 -25%
Detroit £78 £60 -23% • Abu Dhabi was the city in which prices paid by UK
Phnom Penh £67 £52 -22% travellers fell furthest, according to the Hotels.com Hotel
Zagreb £103 £82 -20% Price Index. The average price for a room in the Emirate
Sofia £78 £64 -19% plunged by nearly a third (down 27%) to £116 over the
The Hotel Price Index Review of hotel prices in 2010 13
18. course of the year. This was fuelled by a combination of
growth in the number of rooms, as new hotels opened,
and a drop in the number of corporate travellers visiting,
due to the economic downturn.
• Eastern European cities saw big falls, offering excellent
value for UK travellers. Zagreb, where prices fell 20%,
Sofia 19%, Kiev 17% and Leipzig 17%, all featured in the Toronto £94 15%
top ten list of biggest fallers. San Francisco £99 11% New York £166 12%
Las Vegas £71 20%
Los Angeles £104 4%
Buenos Aires £90 14%
14 The Hotel Price Index Review of hotel prices in 2010
19. Global hotel price changes
2009 - 2010
Moscow £149 1%
Dublin £68 7% London £114 10%
Geneva £152 7%
Paris £121 8%
Monte Carlo £170 9% Milan £108 12%
Beirut £140 13% Tokyo £104 3%
Marrakech £74 7%
Shanghai £91 33%
Doha £169 5% Dubai £120 1%
Hong Kong £103 27%
Muscat £185 15%
Mumbai £106 4%
Bangkok £58 3%
Singapore £123 26%
Rio De Janeiro £139 28%
Johannesburg £120 7%
Sydney £102 21%
Cape Town £122 28%
Melbourne £87 11%
The Hotel Price Index Review of hotel prices in 2010 15
20. 3. Price changes by country
Prices rose in more than three quarters of popular countries At the other end of the scale, Morocco was the biggest faller
favoured by UK travellers, albeit from a low level in 2009. (down 10%) and Iceland was also badly hit (down 6%), largely
as a result of the volcanic ash cloud in the early part of the
Russia retained its place as the most expensive country for
year.
UK visitors with average room rates reaching £132, followed
closely by Switzerland (£131) and Brazil (£129) which saw a Eastern Europe again offered good value with Poland the
24% leap in prices fuelled by high demand and a strong local cheapest country for UK travellers with rooms averaging £64 a
currency, a possible shape of things to come for football night, Hungary at £65 and Czech Republic at £67.
supporters travelling to the next World Cup in 2014.
The most expensive Eurozone country was Italy where the
The biggest percentage price rise of 26% happened average room rate rose 3% to £107. France on £101 (up 3%)
in Singapore, partially on the back of new luxury hotel pipped the Netherlands on £99 (up 6%). Ireland was the
developments. There was a 21% rise in the average hotel cheapest Eurozone country for UK travellers at £69 (down 4%).
price in China, reflecting its economy’s phenomenal growth,
and in South Africa, largely as a result of the World Cup, with
Moscow
average room prices hitting £118.
Australia experienced an 18% jump in the average room
price, partly due to its strong currency, but hotels still offered
good value at £95. There was a similar picture in New
Zealand with a 13% rise, but the average room price was still
just £65.
North America saw increases in the US where the average
room rate rose 4% to £105 and in Canada where the average
rate rose 10% to £100. Further south, there were also rises in
Mexico to £94 (up 6%) and in Argentina £91 (up 10%).
16 The Hotel Price Index Review of hotel prices in 2010
21. However, Switzerland retained its place as the most Destination Average Average % Change
expensive European nation for a hotel room at £131 a night price per price per year on
room room year
(up 6%), followed by Norway at £120 (up 12%) and Croatia at
per night per night
£115. 2009 2010
United States of
Despite seeing a 2% rise, a hotel room in the UK cost on £101 £105 4%
America
average £83 a night, £12 below the average in the countries
Sweden £96 £105 9%
surveyed, perhaps indicating one of the appeals of the
Denmark £110 £102 -7%
“staycation” holiday for travellers looking for competitive
France £98 £101 3%
deals at a time of shrinking household budgets.
Canada £92 £100 10%
Figure 8 Average room prices and changes in 2010
Netherlands £94 £99 6%
compared with 2009 by country
Destination Average Average % Change Japan £105 £98 -6%
price per price per year on Greece £92 £98 6%
room room year
per night per night South Korea £91 £98 7%
2009 2010 Turkey £93 £97 4%
Russia £131 £132 1% Australia £81 £95 18%
Switzerland £123 £131 6% Indonesia £90 £94 4%
Brazil £104 £129 24% Mexico £88 £94 6%
Israel £123 £128 4% Austria £86 £93 8%
Singapore £97 £123 26% China £76 £92 21%
Norway £107 £120 12% Finland £96 £91 -5%
United Arab Emirates £125 £119 -4% Belgium £90 £91 1%
South Africa £98 £118 21% Argentina £83 £91 10%
Croatia £115 £115 0% Egypt £87 £90 4%
Italy £103 £107 3% Taiwan £102 £88 -14%
The Hotel Price Index Review of hotel prices in 2010 17
22. Destination Average Average % Change New York
price per price per year on
room room year
per night per night
2009 2010
India £84 £86 3%
Germany £84 £85 1%
UNITED KINGDOM £81 £83 2%
Portugal £82 £81 -2%
Spain & Canary Islands £81 £81 0%
Malaysia £66 £78 18% Figure 9 Average room prices and changes in 2010
Iceland £79 £74 -6% compared with 2009 by price rises
Morocco £80 £72 -10% Destination Average Average % Change
price per price per year on
Ireland £72 £69 -4%
room room year
Czech Republic £65 £67 3% per night per night
2009 2010
Hungary £70 £65 -8%
Singapore £97 £123 26%
Thailand £66 £65 -2%
Brazil £104 £129 24%
New Zealand £57 £65 13%
South Africa £98 £118 21%
Poland £65 £64 -1%
China £76 £92 21%
Singapore Australia £81 £95 18%
Mexico £88 £94 6%
United States of
£101 £105 4%
America
Turkey £93 £97 4%
Egypt £87 £90 4%
France £98 £101 3%
18 The Hotel Price Index Review of hotel prices in 2010
23. Figure 10 Average room prices and changes for 2010, Dubai
compared to 2009 by price falls
Destination Average Average % Change
price per price per year on
room room year
per night per night
2009 2010
Taiwan £102 £88 -14%
Morocco £80 £72 -10%
Hungary £70 £65 -8%
Denmark £110 £102 -7%
Japan £105 £98 -6%
Iceland £79 £74 -6%
United Arab
£125 £119 -4%
Emirates
Ireland £72 £69 -4%
Portugal £82 £81 -2%
Thailand £66 £65 -2%
The Hotel Price Index Review of hotel prices in 2010 19
24. 4. Focus on the UK
Hotel room rates rose on average by 2% - from £81 to £83 Other notable rises include those seen in Wolverhampton (up
a night - across the UK from 2009 to 2010, a percentage 27%) and Stoke-on-Trent (up 28%) which has seen increased
increase mirroring the global pattern. visitor numbers since the football club entered the Premier
League in 2008.
However, the overall picture masks some dramatic price
movements across the country. At the other end of the scale, the Welsh cities of Cardiff
(down 6%) and Swansea (down 14%) saw sharp falls to £76
Many of the major tourist destinations saw some of the
and £69 respectively.
highest percentage price rises, as more budget-conscious
Britons stayed at home and a return of US travellers after the
fall in 2009. Prices in London rose 10% to £114 and Oxford
9% to £99.
Lake District destinations also witnessed increases with
prices in Bowness-on-Windermere hitting £142, up 23%, London
and Ambleside £113, a 6% rise as hoteliers were confident
enough of visitors to put up their rates.
The most expensive place was St Andrews in Scotland at
£162 a night on average – a 20% jump, partly caused by the
British Open golf tournament. St Andrews pushed Bath from
the top spot, with the spa city falling to fourth place in the
table.
Hotels in towns and cities near the M4 corridor – home
to the UK’s growing IT industry – saw double-digit rises:
Bracknell (up 18%) and Reading (up 15%). However, the
steepest rise was in Norwich where prices rose 38%.
20 The Hotel Price Index Review of hotel prices in 2010
25. 120
150
180
0
60
30
90
St Andrews
Bowness-on-Windermere
London
Bath
Ambleside
St Peter Port
Edinburgh
Oxford
Cambridge
York
Brighton
UNITED KINGDOM
Average price per room per night 2010 (£)
Newcastle-upon-Tyne
Bracknell
Norwich
Liverpool
Manchester
Cardiff
Inverness
Bournemouth
Cheltenham
Bristol
Reading
Price rise year on year (%)
Glasgow
Southampton
Swansea
Belfast
Leeds
Birmingham
Sheffield
Stoke-on-Trent
Figure 11 Average price per room per night and price rise and fall in 2010 compared to 2009 across the UK
Nottingham
Bradford
Wolverhampton
The Hotel Price Index Review of hotel prices in 2010
Price fall year on year (%)
21
26. St Andrews
Destination Average Average % Change
price per price per year on
room room year
per night per night
2009 2010
Oxford £91 £99 9%
Cambridge £95 £94 -1%
York £87 £86 -1%
Brighton £82 £84 2%
UNITED KINGDOM £81 £83 2%
Newcastle-upon-
£79 £82 4%
Tyne
Bracknell £68 £80 18%
Figure 12 Average room prices and changes in 2010 across Norwich £56 £78 38%
the UK Liverpool £75 £77 4%
Destination Average Average % Change
Manchester £75 £77 3%
price per price per year on
room room year Cardiff £81 £76 -6%
per night per night
Inverness £70 £76 9%
2009 2010
St Andrews £135 £162 20% Bournemouth £69 £73 7%
Bowness-on- Cheltenham £69 £71 2%
£115 £142 23%
Windermere
Bristol £70 £71 2%
London £104 £114 10%
Reading £62 £71 15%
Bath £110 £113 2%
Glasgow £72 £71 -2%
Ambleside £106 £113 6%
Southampton £61 £69 13%
St Peter Port £110 £105 -5%
Swansea £81 £69 -14%
Edinburgh £96 £101 5%
22 The Hotel Price Index Review of hotel prices in 2010
27. Destination Average Average % Change Edinburgh
price per price per year on
room room year
per night per night
2009 2010
Belfast £66 £68 3%
Leeds £66 £66 0%
Birmingham £57 £61 6%
Sheffield £60 £60 0%
Stoke-on-Trent £46 £59 28%
Nottingham £54 £57 6%
Figure 13 Average room prices and changes in 2010:
Bradford £55 £51 -7%
Scotland
Wolverhampton £36 £46 27% Destination Average Average % Change
price per price per year on
Brighton room room year
per night per night
2009 2010
Edinburgh £96 £101 5%
Stirling £86 £78 -10%
Aberdeen £74 £77 5%
Inverness £70 £76 9%
Glasgow £72 £71 -2%
Perth £56 £68 22%
• Prices in the Scottish capital of Edinburgh rallied
by 5% in 2010 to average £101 a night. More flights
The Hotel Price Index Review of hotel prices in 2010 23
28. into Edinburgh Airport, the British Open golf tournament, Aberdeen
Edinburgh Festival and marathon all attracted record
visitor numbers in 2010.
• The average price paid in Inverness was also
substantially up, this time by 9%, taking room rates to
£76 on average. This came on the back of a surge
in demand from travellers heading to the Scottish
Highlands. Perth, on the key A9 route northwards, also
saw a huge 22% spike to £68.
• Aberdeen finished the year posting a 5% rise in prices
even though there had been a 5% fall in Q2 as hotels
tried to sustain occupancy.
• However, it was not all good news for Scottish hoteliers
with Stirling suffering a 10% drop to £78 after a strong
2009 with the Homecoming events. Glasgow saw a
smaller 2% drop as a result of a fall in conference
business at hotels and therefore lower business
bookings.
24 The Hotel Price Index Review of hotel prices in 2010
29. UK hotel price changes
2009 - 2010
St. Andrews £162 20%
Glasgow £71 2% Edinburgh £101 5%
Newcastle-upon-Tyne £82 4%
Belfast £68 3%
Leeds £66 1%
Manchester £77 3%
Liverpool £77 4%
Leicester £49 1%
Birmingham £61 6% Norwich £78 38%
Cardiff £76 6% London £114 10%
Portsmouth £78 0% Brighton £84 2%
The Hotel Price Index Review of hotel prices in 2010 25
30. 5. Prices paid at home and away
US travellers are the biggest spenders on hotel rooms when UK travellers are joint eighth in the table of biggest spenders,
they travel abroad, according to the Hotels.com Hotel Price splashing out on average £95 abroad along with the
Index. They spend an average £104 a night on hotel rooms Swedes. However, they spend £12 less - £83 a night - on
when they head overseas, £1 more than Russian travellers. domestic hotel rooms.
At the other end of the scale, South Africans are the savviest The biggest domestic spenders are the Norwegians and
when outside their borders, parting with just £56 a night, Singaporeans who both spend an average £117 a night on
according to the report. hotel rooms at home. Travellers from India are those with the
best eye for value within their own borders, spending just
£59 when in a domestic destination.
Las Vegas Udaipur
26 The Hotel Price Index Review of hotel prices in 2010
31. Figure 14 Average room prices paid by travellers when Nationality Average price Average price
travelling within their own countries versus those paid paid per room paid per
when travelling room when
overseas in 2010
within own travelling
Nationality Average price Average price country abroad
paid per room paid per HOME AWAY
when travelling room when
within own travelling Mexico £71 £74
country abroad
France £70 £87
HOME AWAY
Norway £117 £98 Ireland £70 £94
Singapore £117 £85 Spain & Canary Islands £67 £90
Russia £106 £103 India £59 £96
Japan £97 £100
Denmark £97 £91
Sweden £95 £95
Brazil £93 £93
South Africa £91 £56
Australia £90 £99
Netherlands £84 £87
UNITED KINGDOM £83 £95
Italy £81 £91
USA £74 £104
Portugal £74 £99
Germany £74 £86
The Hotel Price Index Review of hotel prices in 2010 27
32. 6. Where to go for £100 a night
With the emphasis on value for money, travellers with £100 a
night to spend on their hotel room could choose from a wide
Figure 15 The star rating that can be purchased with £100
selection of destinations as they searched for luxury for less.
per night in the world’s top cities
Nine cities now offer five-star hotel accommodation for £100 Destination GBP 100
a night, with five within a four-hour flight from the UK. Those
Buenos Aires 5
prepared to travel further afield can sample the best for less
than three figures in Buenos Aires, Guangzhou, Jakarta and Guangzhou 5
Santiago. Jakarta 5
In comparison, £100 will buy you a three-star hotel room in Marrakech 5
London and only one star in New York. Santiago 5
Warsaw 5
Buenos Aires
Budapest 5
Lisbon 5
Tallinn 5
Bangkok 4
Prague 4
Berlin 4
Cairo 4
Beijing 4
Dublin 4
Las Vegas 4
Helsinki 4
28 The Hotel Price Index Review of hotel prices in 2010
33. Destination GBP 100 Destination GBP 100
Madrid 4 Amsterdam 3
Melbourne 4 Chicago 3
Vienna 4 Copenhagen 3
Dubai 4 Stockholm 3
Istanbul 4 Cancun 3
Shanghai 4 LONDON 3
Barcelona 4 Moscow 3
Mexico City 4 Nice 3
Sydney 4 Rome 3
Taipei 4 Toronto 3
Bali 3 Singapore 3
Frankfurt 3 Tokyo 3
Munich 3 Los Angeles 3
Cape Town 3 San Francisco 3
Edinburgh 3 Vancouver 3
Hong Kong 3 Miami 3
Mumbai 3 Montreal 3
Milan 3 Venice 3
Orlando 3 Paris 2
New Delhi 3 New York 1
The Hotel Price Index Review of hotel prices in 2010 29
34. 7. Average room prices by star
rating
Hotels.com analysed the average prices paid for hotel rooms
Figure 16 Top 10 most expensive cities for 5 star hotels
across different star ratings in the world’s top cities.
400
The data demonstrates where UK travellers can find best
value. It also highlights those cities where shopping around 350
for the best deal can yield dividends: in some cases,
travellers can end up paying more for a property with a lower 300
star rating.
250
Pounds (£)
The Polish capital of Warsaw offers the best deal on luxury
for less with five-star accommodation costing just £75 a 200
night with Marrakech in Morocco serving it up for just £15
more. Jakarta provides four-star luxury for only £65. 150
San Francisco
At the other end of the scale, New York offers the most 100
Los Angeles
Cape Town
Jerusalem
expensive five-star and four-star hotel rooms at £400 and
New York
Geneva
50
Venice
£217 respectively. Geneva is the second most expensive
Tokyo
Paris
Nice
five-star provider on £300. London offers it for £212. 0
Warsaw
Hotel star ratings explained
There is no universal star-rating system. Each country
has its own, and in some cases, such as the UK, more
than one. This means travellers should be aware of
a possible disparity of standards and facilities when
booking rooms with the same star ratings in different
countries.
30 The Hotel Price Index Review of hotel prices in 2010
35. Figure 17 Average hotel room prices by star rating during 2010
Destination
Destination Istanbul £42 £65 £92 £133
Amsterdam £76 £89 £113 £152 Jakarta N/A N/A £65 N/A
Bali N/A £45 £105 £159 Jerusalem N/A £81 N/A £225
Bangkok £26 £30 £66 £115 Las Vegas £30 £46 £82 £131
Barcelona £66 £85 £98 £157 Lisbon £46 £59 £78 £101
Beijing £37 £39 £68 £128 London £64 £88 £127 £212
Berlin £56 £56 £76 £115 Los Angeles £67 £90 £164 £265
Boston £86 £119 £153 N/A Madrid £60 £73 £83 £135
Budapest £35 £42 £63 £101 Marrakech N/A £50 £64 £90
Buenos Aires £41 £79 £97 N/A Melbourne N/A £56 £88 £129
Cairo £91 £36 £78 £118 Mexico City £32 £54 £102 N/A
Cancun £39 £85 £131 N/A Miami £62 £101 £160 £206
Cape Town £94 £70 £108 £240 Milan N/A £72 £113 £203
Chicago £71 £91 £116 N/A Montreal £69 £101 £129 N/A
Copenhagen £70 £92 £110 £155 Moscow N/A £85 £135 £196
Dubai £48 £50 £84 £180 Mumbai £45 £72 £106 £146
Dublin £51 £58 £73 £130 Munich £62 £84 £103 £158
Edinburgh £70 £87 £104 £153 New Delhi £26 £53 £132 £171
Frankfurt £61 £74 £103 £160 New York £120 £167 £217 £400
Geneva N/A £119 £151 £300 Nice £70 £82 £140 £238
Guangzhou N/A £63 £90 N/A Orlando £38 £65 £114 £170
Helsinki N/A £89 £88 £134 Oslo £90 £104 £119 £147
Hong Kong £39 £71 £109 £188 Paris £74 £108 £167 £296
The Hotel Price Index Review of hotel prices in 2010 31
36. Destination Venice
Prague £40 £48 £63 £113
Rio de Janeiro £97 £127 £212 N/A
Rome £76 £92 £116 £210
San Francisco £66 £95 £130 £262
Santiago N/A £85 N/A N/A
Sao Paulo N/A £90 £199 N/A
Seattle £74 £100 £139 £147
Seoul N/A £69 £121 £170
Shanghai £26 £60 £92 £174
Singapore £48 £94 £129 £200
Stockholm £63 £87 £119 £140 Rome
Sydney N/A £65 £100 £160
Taipei N/A £65 £100 N/A
Tallinn £31 £37 £54 £102
Tokyo £60 £86 £155 £299
Toronto £66 £89 £129 N/A
Vancouver £70 £96 £132 £171
Venice £62 £100 £139 £221
Vienna N/A £73 £84 £144
Warsaw N/A £55 £69 £75
Washington £82 £119 £140 N/A
32 The Hotel Price Index Review of hotel prices in 2010
37. 8. Luxury for less
The falling cost of luxury 15%) and five-star (down 4%) to £78 and £118 respectively.
Travellers searching for the best in hotel accommodation Nearer to home, Dublin’s mounting economic problems were
were able to benefit from dramatic price falls across the reflected in price reductions in four star hotels, dropping 6%
world in 2010. to £73. Helsinki in Finland also registered a 9% fall for four-
star to £88 and 2% for five-star to £134.
For example, Marrakech saw a big 9% fall for a five-star
room to just £90 a night and a 3% fall in the four-star Those looking for the high life but wanting to spend
category to £64. The Estonian capital of Tallinn saw four-star substantially less than they did in 2009 should look no
prices drop sharply by 13% to just £54 - the cheapest in the further than the Hotels.com HPI guide to “Luxury for Less” in
report. Five-star accommodation in Venice was 11% cheaper the table overleaf which shows where in the world four-star
in 2010 than 2009 at £221 a night on average, the biggest and five-star hotel prices have fallen the most.
percentage fall in this category. Five-star was 7% cheaper in
Marrakech
Budapest at £101 and a four-star room was 3% less at just
£62. Prague experienced a 3% fall in this category to £63.
Copenhagen also posted a 5% drop for four-star but prices
were still relatively high at £110.
However, those prepared to fly longer distances could really
cash in on rooms at the upper end of the luxury spectrum.
There was a 17% drop for four-star rooms in the Taiwanese
capital of Taipei to £100 and Bangkok saw a 4% fall to £115
for five-star luxury, possibly as a result of the political turmoil
affecting the Thai capital. Dubai’s financial troubles and the
increase in capacity saw good four-star deals at £84 – a 7%
plunge – and Cairo registered falls for both four-star (down
The Hotel Price Index Review of hotel prices in 2010 33
38. Figure 18 The falling cost of luxury: where prices at top-end Figure 19 Affordable luxury: 15 destinations with the
hotels fell by the greatest extent between 2009 and 2010 best-value five-star hotels in 2010
Destination Star Rating Average Average % Change Destination Destination
price per price per year on
Warsaw £75 Melbourne £129
room room year
per night per night Marrakech £90 Dublin £130
2009 2010
Budapest £101 Las Vegas £131
Taipei £120 £100 -17%
Lisbon £101 Istanbul £133
Cairo £92 £78 -15%
Tallinn £102 Helsinki £134
Tallinn £61 £54 -13%
Prague £113 Madrid £135
Venice £247 £221 -11%
Berlin £115 Stockholm £140
Guangzhou £99 £90 -10%
Bangkok £115 Vienna £144
Marrakech £98 £90 -9%
Pisa £117 Mumbai £146
Helsinki £97 £88 -9%
Cairo £118 Seattle £147
Budapest £109 £101 -7%
Beijing £128 Oslo £148
Dubai £91 £84 -7%
Dublin £78 £73 -6%
Copenhagen £116 £110 -5%
Cairo £123 £118 -4%
Bangkok £120 £115 -4%
Lisbon £81 £78 -3%
Marrakech £66 £64 -3%
Prague £66 £63 -3%
Budapest £64 £62 -3%
34 The Hotel Price Index Review of hotel prices in 2010