U.S. hotel price increases ahead of global average

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Jul 10, 2013
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While hotel prices increased globally, US led the way with an increase of five percent compared to three percent worldwide.

"The global [Hotel Price Index] stood at 113 at the end of 2014, 13 points higher than at its launch in 2004 and on a par with its 2008 level but still four points lower than its peak at 117 in 2007.

Johan Svanstrom, president of the Hotels.com brand, said: 'Although the Index rose again last year, it is still way behind its peak of seven years ago, which is great news for consumers. Each year is unique in the travel industry and 2014 was no exception, bringing its own opportunities and challenges. Global events, such as the Winter Olympic Games and World Cup, predictably attracted travelers to new destinations. Yet unforeseen tragedies, including the Ebola outbreak, the missing Malaysian Airlines flight MH370 and the loss of MH17 left their own mark.'"