Hotel Price Index - Hotels.com Press Room

HPI highest in Latin America• Prices paid by travellers for hotel rooms in Latin Americarose 2% from the first half of 2010 to the first half of 2011and its HPI for Q2 2011 stood at 112, the highest out ofthe regions surveyed.• Latin American hotel prices have now risen for fivesuccessive quarters, a trend mirrored only by NorthAmerica, and underlines the growing economic power ofthe region, especially in its largest country, Brazil.Caribbean prices warming• Prices for the Caribbean rose by 1% year-on-year. ForQ2 2011, the HPI for the region stood at 101 points, 30points down on its Q1 2007 peak and just one pointabove the HPI at its 2004 launch.• The Caribbean had experienced nine successivequarters of percentage falls from Q1 2008 to Q1 2010but has stabilised since then with a pattern ofmodest recovery.North American recovery continuesNorth America• Average prices paid by travellers for hotel rooms in NorthAmerica (the US and Canada) rose 4% year-on-year inthe first six months of 2011 with the region’s HPI hitting105 for Q2 2011.• North America has been experiencing small but steadyincreases in prices for the last five quarters. Strongerdemand, from leisure and business travellers, has givenhoteliers the confidence to hold or increase their prices.• Despite the modest increases, average room rates werejust 5% higher than when the HPI started in 2004.The Hotel Price Index Review of global hotel prices: Jan-Jun 20117