Meetings Canada

News

Hotel Prices Back to Pre-2008 Levels


Hotel prices in North America, the Caribbean and Latin America have overtaken their pre-2008/09 financial crisis levels, according to the latest Hotel Price Index™ (HPI™) from Hotels.com™. Factors cited as contributing to the rise are more travellers, higher consumer spending in key areas and strong currency fluctuations.

The Index also showed that Canadian hotels experienced one of the strongest rebounds, with prices increasing some five per cent to an average of $166 per night for all travellers, international and domestic. Globally, prices in 2014 were up one per cent.

Looking at the top 50 most popular Canadian cities for domestic travel, the biggest increases in pricing, upwards of 10 per cent, were found in western cities: Golden, BC; Vancouver, BC  and Banff, AB. The largest reported decrease was in Canada’s largest oil producing city, Fort McMurray, AB. Down 18 per cent year-over-year, the city’s economy has experienced its share of hardship since oil prices plummeted in 2014.2

10 Most Popular Domestic Cities for Canadian Travellers

City Province What Travellers
Paid in 2015
What Travellers Paid
in 2014
Change in
Prices Paid
1.     Toronto ON $157 $152 3%
2.     Montreal QC $170 $168 1%
3.     Vancouver BC $174 $157 11%
4.     Edmonton AB $139 $144 -3%
5.     Calgary AB $160 $166 -3%
6.     Ottawa ON $154 $149 3%
7.     Niagara Falls ON $155 $144 7%
8.     Quebec QC $152 $151 1%
9.     Winnipeg MB $139 $140 -1%
10.   Victoria BC $159 $148 7%

 

Within the 50 most popular international destinations, Canadian travellers to Shanghai experienced the highest increase in average prices paid for accommodation at 28 per cent more in the first half of 2015. This was followed by U.S. cities, Los Angeles and Nashville, at 21 and 20 per cent. On the other end of the spectrum, travellers found deals in exotic locales like Bali and Florence, paying an average of 18 per cent less in 2015.

10 Most Popular International Cities for Canadian Travellers

City Country What Travellers
Paid in 2015
What Travellers Paid
in 2014
Change in
Prices Paid
1.     New York United States $282 $267 6%
2.     Las Vegas United States $137 $126 8%
3.     London United Kingdom $262 $257 2%
4.     Paris France $217 $239 -9%
5.     Orlando United States $131 $118 11%
6.     Rome Italy $176 $198 -11%
7.     San Francisco United States $265 $236 12%
8.     Chicago United States $214 $186 15%
9.     Los Angeles United States $219 $182 21%
10.   Seattle United States $211 $182 16%

 

The HPI is a regular report of hotel prices in major destinations across the world, tracking the movement in prices that people actually paid* for their accommodation and providing valuable insight into the reasons behind these changes. The data is drawn from bookings made on the hundreds of thousands of hotels on the Hotels.com websites worldwide.

*Average prices paid per night inclusive of taxes and fees.



Print this page




Have your say:

Your email address will not be published. Required fields are marked *

*