Price Falls in 5 and 4 Star Hotels Globally Benefitted Indians: HPI Survey

By BW Hotelier ACCORDING TO the latest Hotel Price Index (HPI) report by Hotels.com, Indian travellers paid less per night for five-star and four-star hotels in cities around the world in the first half of 2015*. The report revealed that Moscow saw the steepest fall of 61 per cent for five-star hotel rooms, falling to INR 11,524 paid on average per night. Two destinations that saw the second steepest fall for five-star hotels were, New York which fell by 25 per cent to INR 24,607 and Budapest by 25 per cent to INR 12,739 followed by Vienna which saw a fall of 17 per cent to INR 15,385 in third position. Moscow led the way in the four-star range as well, sliding 42 per cent to INR 7,353 paid per night, followed by Copenhagen at INR 12,320, Seoul at INR 9,146, Istanbul at INR 7,530 and Rome at INR 9,292 for a single night accommodation thereby all falling by 17 per cent. Amit Agarwal, Senior Marketing Manager, Hotels.com, (see photo) said, ’The international scale of Hotels. com, in terms of the number of customers, properties and destinations covered, makes the Hotel Price Index as one of the most comprehensive benchmarks available. It tracks the movement in prices that people actually paid for their accommodation and provides valuable insight into the reasons behind these changes. It further dwells on consumer insights and indicates emerging travel trends. Some of the key trends revealed by HPI in the first half of 2015 are:

• Global hotel prices paid by travelers worldwide rose by just 1 per cent during the first half of 2015, according to latest Hotel Price Index from Hotels.com
• Prices paid overall not back to pre-economic crisis levels, representing great value for travelers, but three regions set new records for spending
• Overall, hotel prices paid saw a marginal rise of 2 per cent in India, according to HPI report.’’

To see average prices paid per night by Indian travelers for five-star and four-star hotel accommodation in the first half of 2015 as compared to the same period in 2014, click on the link below.