What happened to prices for the rest of the world?
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.
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