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North American hotel prices increase by five per cent

The Hotels.com Hotel Price Index shows Canada and U.S. ahead of the three per 
cent global increase which was curbed by slump in European prices 
TORONTO, March 5, 2013 /CNW/ - The average price of a hotel room around the 
world rose by three per cent during 2012, compared with the previous year, 
according to the latest Hotels.com® Hotel Price Index™ (HPI™). The rate 
of increase has moderated when judged against the four per cent rise in 2011 
as the Eurozone's problems pulled down the global average and slowed growth in 
the second half of the year. 
Three regions drew away from the rest. The Caribbean saw a six per cent rise, 
North America had one of its best results in recent years growing at five per 
cent and the Pacific gained four per cent, all outpacing the global figure. 
Asia added two per cent and Latin America one per cent while the Europe and 
Middle East region registered a slight fall. 
A look at Canada shows that travel was on the agenda in 2012, as Canadian 
travellers increased their spend on hotel accommodation and paid an average of 
$144 per night for domestic hotel stays and $150 per night internationally. 
Popular Canadian cities remained relatively consistent with Toronto, 
Montrealand Vancouvercontinuing to dominate the top three for both domestic 
and international travellers. Toronto and Montreal also both reported price 
increases of two and three per cent, respectively. Quebec City was one 
Canadian destination that saw a change in popularity, bumping out Victoria to 
enter the top five for international travellers. On the West Coast, provinces 
Alberta, Saskatchewan and Manitoba saw prices rise with the former also being 
home to some of the most expensive Canadian destinations, Kananaskis $259 and 
Lake Louise ($246). Speaking of higher prices, international travellers who 
paid the most for Canadian accommodation in 2012 were from Chile, Colombia, 
Australia and Japan. 
Launched in 2004, the HPI looks at prices that people actually paid for their 
hotel rooms around the world. The 2012 Index stands at 107, ten points behind 
its 2007 peak of 117 and only just ahead of its 2005 level of 106. 
David Roche, President Global Lodging Group for Expedia, Inc., said: "Europe's 
hoteliers aren't immune from the region's economic problems, and they weren't 
able to keep pace with a recovering global market in 2012. Although prices 
have risen globally, a hotel stay still offers consumers great value, with 
rates consistently below their peak levels of five years ago." 
The Eurozone crisis not only impacted prices in its own territory but had a 
knock-on effect across the region as financial insecurity dampened travel 
plans. 
While in Canada, the strength of the Canadian dollar and stable economy in 
2012 meant travel, particularly to U.S. destinations, was thriving. 
Cross-border visits which allowed Canadians to take advantage of U.S. deals 
remained popular, with New York taking the top spot and Seattlemoving up one 
position to third. 
In the Caribbean, the trend towards more all-inclusive holidays has pushed up 
the average price paid. The U.S. saw an influx of international visitors in 
2012 which meant hotels had less need for discounting. In the Pacific, the 
mining boom in Australiaand strength of the Australian dollar continued to 
drive strong city hotel rates but made it difficult for some leisure 
destinations dependent on inbound demand. Latin America has witnessed a 
sustained period of growth in prices paid by customers over the past few 
years, driven primarily by the booming economies in the two key markets of 
Braziland Mexico. 
In Asia, a roster of events moved prices up and down across the region, 
including downward pressure on rates in India, due to a precipitous fall of 
the Rupee, travel demand shifts due to the politically sensitive situation 
around the islands in the East China Sea, and price bounce-backs from the 2011 
earthquake, tsunami and nuclear disaster in Japan and flooding in Thailand. 
The continued increase in the number of Chinese international travellers 
helped fill hotel rooms and the expansion of low cost carriers also boosted 
travel opportunities. 
"International tourism is expected to climb again in 2013," said David Roche. 
"Much of the focus of the hospitality industry is now moving east, where the 
rate of increase is the highest and new infrastructure is helping to drive 
travel patterns. The Asia/Pacific region added twice as many new hotel rooms 
as Europe in 2012 and will account for 40 per cent of the world's new builds 
in 2013. Rates here are rising but the region still offers great value for 
travellers with some of the lowest prices in the world." 
For a full copy of the Canadian version of the HPI, visit 
www.hotel-price-index.com. 
About Hotels.com(®) Hotels.comalso known in Canada asHotels.ca)is a 
leading online accommodation booking brand.Through the Expedia, Inc. global 
network of websites,Hotels.com, LP connects travellers with almost 200,000 
properties around the world, ranging from international chains and 
all-inclusive resorts to local favourites and bed & breakfasts, together with 
all the information needed to book the perfect stay. Hotels.com, LP benefits 
from one of the largest hotel contracting teams in the industry, obtaining the 
best rates for its customers, and offers frequent sales, special deals and 
promotions. There are more than 7 millionGuest Reviewson the websites from 
users who have actually stayed in the hotels to ensure customers can make an 
informed choice when booking. Through Hotels.com, LP's industry-leading 
loyalty programWelcome Rewards(TM), customers can earn a free night for 
every 10 nights stayed at more than 85,000 hotels. Under itsPrice Match 
Guarantee, if a customer can find the same deal for less on a prepaid hotel, 
Hotels.com, LP will refund the difference.Travellers can book online or by 
contacting one of the multilingual call centers. Special apps for mobile 
phones and tablets can also be downloaded 
atwww.hotels.com/deals/mobile_app/enabling customers to book on the go 
with access to 20,000 last minute deals. Hotels.com publishes an award-winning 
twice-yearly review of international hotel room price trends called the 
Hotels.com Hotel Price Index™, which is now produced in 31 individual 
country editions, with North American data available 
atwww.hotel-price-index.com. Follow Hotels.com on Facebook 
athttp://www.facebook.com/Hotels.comCA, on Twitter 
athttp://www.twitter.com/hotelsdotcomcaand on YouTube 
athttp://www.youtube.com/user/hotelsdotcom. Hotels.com, LP is part of 
Expedia, Inc., the largest online travel company in the world with an 
extensive portfolio that includes some of the world's best-known brands. 
Hotels.com, Hotel Price Index, HPI, Finding You the Perfect Place and the 
Hotels.com logo are either registered trademarks or trademarks of Hotels.com, 
LP. All other trademarks are property of their respective owners. © 2013 
Hotels.com, LP. All rights reserved.CST # 2083949-50  
Press contacts: Lauren Wasley energi PR for Hotels.com Phone: (416) 425-9143 
ext. 19 Email:lauren.wasley@energipr.com Twitter:@energiPR  Taylor L. 
Cole, APR Hotels.com North America Phone: (469) 335-8442 
Email:taycole@hotels.com Twitter:@TravelwithTLC 
Image with caption: "The Hotels.com® Hotel Price Index™ (HPI™) provides 
helpful tips for travellers looking to get the biggest bang for their buck. 
(CNW Group/Hotels.com)". Image available at:  
http://photos.newswire.ca/images/download/20130305_C2255_PHOTO_EN_24261.jpg 
SOURCE: Hotels.com 
To view this news release in HTML formatting, please use the following URL: 
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CO: Hotels.com
ST: Ontario
NI: LEI LEI  
-0- Mar/05/2013 12:30 GMT
 
 
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