Hotel Price Index - Hotels.com Press Room

8. LUXURY FOR LESS
The falling cost of luxury
UK travellers searching for the best in hotel
accommodation were able to benefit from dramatic
price falls across the world in 2011.
For example, five-star prices tumbled 26% in Cape
Town as the market re-adjusted from the heavy
demand inflated by the 2010 football World Cup. There
was also a 5% fall for four-star hotels in the South
African city to £99.
Orlando, one the most popular overseas destinations
for UK travellers, saw five-star room rates drop 4%
to £163.
Cape Town
The Far East also offered some of the better discounts
on high-end accommodation. There were falls in both
four- and five-star rooms in Shanghai, down 19% and
12% to £74 and £150, as hoteliers lowered their prices
following high demand in 2010 for the World Expo.
There were good savings on four-star rates in other
Asian destinations such as New Delhi, down 24%,
and Beijing, down 4%, as well as Seoul and flood-hit
Bangkok, both down 3%.
Tokyo, which saw a fall-off in demand after the
earthquake, also experienced a 5% reduction on fourstar
accommodation to £147 and 2% on five-star
to £292.
In Western Europe, five-star rooms cost 8% less in the
Cote d’Azur resort of Nice at £214. There was also a 7%
fall in Edinburgh, the only British city to feature on the
list, with average rates dropping to £144.
Five-star deals at another popular destination,
Marrakech, also fell 5% to £90 due to increased capacity
and a fall-off in demand caused by the negative
perception of the North African region generated by
widespread civil unrest and the war in Libya.
The Hotel Price Index review of global hotel prices: Jan-Dec 2011
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