The Hotel Price Index

40%
30%
20%
10%
0%
-10%
-20%
Sharm El Sheikh
Perth
Good performance in
Asia
There were several factors
influencing the price rises
across Asia during 2012:
the return of travel to and
from Japan following
the disasters of 2011,
the strength of the local
economies, the continued
rise in the number of
Chinese travellers and an
increase in the number
of flights by low cost
carriers. However, the
region still offers excellent
value for travellers and
remains popular with
luxury holidaymakers and
backpackers alike.
In the major cities, Hong
Kong benefitted from all
these stimuli, which drove
its rates 10% higher to
£130. Hanoi‘s percentage
increase was greater
at 14%, albeit with prices
considerably lower at £49.
Travellers paid 9% more in
Kuala Lumpur at £79 while
there was more modest
growth of 6% in Beijing to
£74, 5% in Shanghai to £80
and 4% in both Taipei to £95
Figure 8 The biggest percentage price rises in 2012 compared with 2011
San Francisco
Orlando
Siem Reap
Kyoto
New Orleans
Dubai
Hanoi
Seattle
Osaka
Tallinn
Los Angeles
Rio de Janeiro
Mexico City
Bali
Marrakech
Abu Dhabi
and Bangkok to £61. Phnom
Penh was the destination
where UK travellers paid
the lowest rates in the
report at an average £40 a
night, the same as in 2011.
Hotel prices in Japan had
tumbled in 2011 following
the earthquake, tsunami
and nuclear emergency
in the first half of the year
but rebounded during 2012
as travellers returned, with
Kyoto up 16% to £105, Osaka
up 14% to £74 and Tokyo up
6% to £109.
Boston
Key West
Hong Kong
Kuala Lumpur
Grand Canyon
Chicago
The Hotel Price Index review of global hotel prices: Jan - Dec 2012
16