The Hotel Price Index™ - Expedia

3
Price changes
by country
In 2012, Australian travellers
paid less for their hotel
rooms in half of the
countries included in the
HPI with the majority of
falls seen in Europe as a
result of the economic
situation in the Eurozone.
Australian travellers paid
less or the same for their
hotel rooms in 22 of the
25 European countries
covered by the report.
Upward trends were
seen in countries such as
Australia and Brazil, where
strong economies boosted
local hotel rates. In Asia,
prices lifted due to a return
to more regular travel
patterns, as the region
recovered from the turmoil
in Japan in 2011.
Overall, rates in Australia
rose by 4% to AU$169, a
slightly higher increase
than that of its closest
neighbour, New Zealand,
where the average paid
was up 3% to AU$125.
The principality of Monaco
took the first spot in the
price table at AU$286,
although its average
rate fell 10% on 2011. Not
surprisingly, the largest
drop was in Greece, which
saw an 11% fall to AU$159,
followed by Denmark,
also down 10% to AU$175,
and Belgium, down 9% to
AU$141. The UK registered
a 4% slide to AU$179.
Reflecting the trend of
its capital city, Reykjavik,
Iceland as a nation saw its
average add 10% to AU$135.
Average rates in the
Czech Republic rose 6% to
AU$131. Only two Eurozone
countries saw positive
results with Finland up 4%
to AU$159 and Germany up
2% to AU$151.
United Kingdom
In Asia, the fastest riser
was South Korea, up 10%
to AU$160. Macau and
Japan both experienced
a 7% upswing to AU$178
and AU$150 respectively
as trust in the Japanese
market returned after
HOTEL PRICE INDEX: Review of global hotel prices: Jan-Dec 2012
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