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US hotel room rates down 17 percent on Hotels.coms Hotels Price Index

 

 

By: News Breaker
For : Hotels.com

Date Added : September 28, 2009 Views : 22488
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Dallas, TX (PRLEAK) September 27, 2009 The rate of a hotel room in the US now averages $115 per night, as against $139 in 2008. Hotels.com\'s Hotels Price Index 17 percent drop in rates signifies a five year low, which is good news for travelers.

David Roche, President of hotels.com finds this drop in rates the most prominent since the inception of the Hotel Price Index. The hotel industry continues to target guests with discounts and package deals thereby narrowing the gap between top star categories. Travelers tend to benefit since they can stretch their dollar to the maximum, and experience more luxuries than they could have afforded over the past five years.

The reason for the 17 percent drop in US hotel room rates is mainly due to the decline in prices across every continent. With Europe down by 16 percent on the HPI, Latin America at 18 percent, and Asia by 17 percent, the pattern continued across the US in the first half of 2009. Hotels.com\'s HPI also indicates a change in domestic patterns with Las Vegas becoming the preferred destination over New York City by averaging $82 per night. Other favorite domestic destinations include Orlando, Chicago, and San Francisco.
Despite the HPI drop and change in pattern, New York City is still credited with being the most expensive US destination on the global front, with an average room rate of $196 in the first two quarters of 2009. Drop in room rates in both Las Vegas and New York hotels was pegged at 30 percent as compared to the previous year.

State wise, New York made it to the top as the most expensive destination, with Hawaii, Massachusetts, and Wyoming following suit. Wyoming retains its place in the list due to a demand for ski tourism in the state. Nevada, with an average of $77 per night, was the least expensive in the first half of 2009, followed by Idaho and Kansas.

Hotels.com\'s Hotel Price Index latest report included hotel rates paid at 78,000 hotels across 13,000 locations worldwide in the first half of 2009. The report is based on actual rates paid per room and the number of rooms sold in each of the markets that hotels.com services. The HPI report integrates chain hotels, independent hotels, B&Bs, and vacation rentals, and is therefore considered a valuable reference point for hotel industry research. The report is published globally in fourteen editions and country specific versions are available for countries that include US, Canada, UK, Germany, and more.


About hotels.com
Hotels.com is a leading portal that provides lodging options worldwide. Its 85,000 strong database includes all categories of hotels, resorts, and vacation rentals. Hotels.com features a variety of tools that includes virtual tours, maps, guest reviews, and property descriptions. Through its Price Match Guarantee, Risk-Free Booking, and welcomerewards programs, the company strives to provide travelers with the ultimate holiday experience.



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