Hotel Rates Increase
Paris (US$504), Rio de Janeiro (US$497), Tokyo (US$490), Toronto, Venice, Los Angeles, Sao Paulo and Geneva are also listed among the top 10 international destinations where U.S. travellers paid most at luxury hotels.
The HPI , which tracks the real prices paid per hotel room room, per night (and not the hotel’s advertised rates) on Hotels.com, found that room rates increased 3 percent around the world during 2013, when compared with 2012. That might seem small but remember, they’re talking about hotels in 85 countries.
Rates in North America increased by 3 percent as well while Europe increased slightly by 2 percent. Latin America and the Caribbean jumped 5 percent while Asia, where we’ve seen a monster hotel boom in recent years, was down 2 percent.