Hotel Price Index - Hotels.com Press Room

Sao Paulorobustness of the Brazilian currency and boomingeconomy also contributed to higher prices in thecountry’s business capital.• The growing popularity of the traditionally cheaperEastern European capitals was reflected in price risesin Bratislava, Tallinn and Ljubjana, up 15%, 12% and10% respectively, although they still represent good valuefor money.• The biggest riser was Brisbane which was hit bydevastating floods in January. Average room ratesrocketed 40% to €120 after availability fell and a strongdemand from corporate travellers drove up prices.Another Australian city, Sydney, also featured in thelist, up 12% to €109 as the Australian Dollar grew fromstrength to strength and the city experienced a roomsupply shortage.• Reykjavik saw the biggest percentage increase in Europewith average room rates rising 21% to €97. The Swissfinancial centre of Zurich also saw prices rise 18% to€155. Bratislava was the Eurozone destination registeringthe largest rise, up 15% to €85, followed by the upmarketFrench resort of Biarritz up 14% to €112. Sweden’s twobiggest cities, Stockholm and Gothenburg, alsoSan Francisco• Four popular US cities saw big increases in prices:Honolulu, Dallas, New York and San Francisco, whichwent up 16%, 12%, 11% and 9% respectively on theback of strong demand from corporate and leisuretravellers both from home and abroad.• Sao Paulo soared 25% with demand from businesstravellers outstripping the supply of rooms. TheThe Hotel Price Index Review of global hotel prices: Jan-Jun 201113