- 3 updates
Key findings from the Hotels.com report (covering period from Jan-June 2013):
- Global hotel prices rose by 2%, approaching levels not seen since before the financial crisis hit in 2006.
- Growth in Europe, the Pacific and the Middle East was sluggish, registering a rise of 1%, which lagged behind the global average.
- Rises seen in Latin America, North America and the Caribbean exceeded the global average.
- Prices in Asia fell by 2% due to depreciating in value of the Yen/Rupee and a fall in inbound visitors to China.
- Prices in Rio de Janeiro fell by 1%, but remains third most expensive destination in the report.
Nigel Pocklington, Chief marketing officer at Hotels.com, speaks about the rise in hotel prices seen in London after the Olympics.
Hotel prices in London rose twice as much as the global average last year and it's being put down to the Olympics.
The capital saw prices go up by 4% over 6 months - despite seeing a 2% fall during the same period the previous year, according to research by Hotels.com.