hotel.info Hotel Rate Barometer May 2010: Accommodation rates remain below pre-crisis levels, as stabilisation trend continues. Prices in London hotels still relatively high though down year-on-year. New York hotels the world's most expensive.
London, 26 May 2010 - What are the current trends on the hotel rates front? hotel.info, the free online hotel reservation service for more than 210,000 hotels around the world, has once again focussed the spotlight on its hotel price investigations.
The web site has compared the data collected for April 2010 with the information from March, as well as the comparable period in previous years (April 2009 and, especially, April 2008).
The latest results are clear.
- Accommodation rates remain below their pre-crisis level.
- The majority of cities are now reporting significantly higher hotel room rates than for the same period last year. Overall, the hotel market is continuing to stabilise.
This development can be seen in major cities in Europe and in the rest of the world.
The following hotel.info hotel rate barometer ranking for the month of April 2010 shows the average price per room per night in euros for all hotel types and categories.
Global comparison:
Rank
City
Apr. 10
Mar.10
Apr.09
Apr.08
Comparison between Apr 2010 and Apr 2008 in %
Comparison between Apr 2010 and Apr 2009 in %
1.
New York
189.46
184.04
164.09
220.33
-14.01
15.46
2.
Oslo
166.54
196.17
137.58
145.45
14.49
21.04
3.
Moscow
157.21
174.00
202.24
227.90
-31.01
-22.26
4.
Sydney
145.13
126.24
125.17
149.31
-2,.79
15.94
5.
Tokio
136.30
135.21
120.52
173.87
-21.60
13.09
6.
Singapore
135.16
139.22
118.06
159.37
-15.19
14.48
7.
Stockholm
135.11
130.21
122.83
145.77
-7.31
9.99
8.
Amsterdam
133.27
115.57
117.14
145.03
-8.10
13.76
9.
London
131.03
137.62
134.65
140.21
-6.54
-2.68
10.
Zurich
127.91
130.78
145.09
147.01
-12.99
-11.84
11.
Helsinki
123.05
122.19
127.02
136.57
-9.89
-3.12
12.
Copenhagen
121.60
115.76
144.03
200.19
-39.25
-15.57
13.
Rio de Janeiro
119.19
133.30
109.72
111.38
7.01
8.63
14.
Paris
116.19
120.13
117.94
122.81
-5.39
-1.48
15.
Dubai
112.17
117.78
114.36
224.08
-49.94
-1.91
16.
Barcelona
108.46
103.49
96.04
124.21
-12.68
12.93
17.
Rome
100.93
100.60
105.51
130.65
-22.74
-4.34
18.
Warsaw
99.31
89.49
88.28
113.00
-12.11
12.49
19.
Shanghai
98.17
94.57
80.55
124.65
-21.24
21.87
20.
Madrid
94,70
87.45
88.57
103.98
-8.92
6.92
21.
Vienna
94.47
88,53
85.86
109.15
-13.82
9.55
22.
Istanbul
87.86
87.24
81.73
98.28
-10.60
7.50
23.
Budapest
87.14
71.02
79.80
87.91
-0.87
9.19
24.
Beijing
87.04
79.92
63.26
108.88
-20.05
37.59
25.
Mexico City
86.51
94.53
112.50
112.25
-22.93
-23.10
26.
Lisbon
85.69
78.20
83.66
89.01
-3.72
2.42
27.
Bucharest
84.44
81,42
94.61
106.30
-20.56
-10.74
28.
Berlin
82.77
82.20
80,70
91.88
-9.91
2.56
29.
Prague
73.51
66.02
74.74
117.15
-37.25
-1.64
30.
Bangkok
57.59
62.23
70.04
90.49
-36.34
-17.77
Average
112.58
112.97
110.47
135.24
-15.21
3.96
There is still no indication of a significant upward trend in prices. In the global context, hotel room rates in the world's major cities are still below the levels achieved before the onset of the financial and economic crises. In Dubai, for example, hotel rates are currently almost 50% below the pre-crisis level. Hotel operators in Moscow too,are having to cope with considerably lower income from hotel rooms, along with their colleagues in Beijing, Shanghai, Mexico City, Bangkok and London, even though the price levels in the major cities of Moscow and London remain relatively high.
Nevertheless, in an international comparison the majority of large cities are reporting much higher prices than in April 2009. In Oslo and in Rio de Janeiro, hotel guests have needed even deeper pockets than in the previous two years. In New York, prices have risen noticeably, at least in comparison with 2009, making the Big Apple the most expensive place to stay in the world.
Overall the worldwide trend is one of stabilising prices. The analysis for March 2010, which also showed average hotel room rates that were up compared with April 2009, confirms this development.
hotel.info
www.hotel.info is a free online hotel reservation service for corporate and private customers. The service offers more than 210,000 hotels for electronic bookings around the world. Customers booking via hotel.info achieve significantly better prices in comparison with other booking channels. In addition, hotel.info shows all available room prices for each hotel, so that the customer can always select the cheapest or most suitable room price. All bookings via hotel.info are transferred simultaneously, securely and directly to the respective hotel’s computer. This guarantees the unique integration of each hotel’s own reservation systems (CRS or PMS) and hotel.info’s own reservation system myRES into the hotel.info unified user interface. At hotel.info, customers seeking hotel rooms can base their decisions to book a room not only on the core information such as room price and hotel facilities, but also on the hotel reviews and ratings submitted by around 1 million hotel guests from around the world. Compared with existing rating portals, hotel.info customers can rely on 100% genuine hotel ratings, since only customers who have booked and recently stayed in each hotel are asked for their opinion. Once a customer has selected an offer, the hotel is presented for direct online booking at attractive conditions, in line with the hotel.info "Check & Book" claim. hotel.info is the international brand of hotel.de AG. This brand was created to further drive expansion within Europe. The aim is to establish hotel.info throughout Europe as the leading reservation service for corporate and private customers. Today hotel.infooperates offices in Germany, France, Spain, Italy and China.
Press contact
Ms. Warini Munshi
hotel.info hotel booking Ltd.
Longcroft House
2-8 Victoria Avenue
London, EC2M 4NS
Great Britain
Phone:+44-20-3206 1434
Fax: +44-20-8043 1108
E-Mail: press@hotel.info
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