Hotel rates increase in 2013

Bora Bora, St Lucia and Seychelles top the international list of hotel where U.S. travellers paid most in 2013, according to HPI (Hotels Price Index), with nightly rates of US$770, US$464 and US$443 respectively. Monte Carlo was the most expensive European city at US$353 a night. San Francisco and New York led the list of U.S. destinations which Americans paid most at luxury hotels,with US$562 and US$550.

Paris (US$504), Rio de Janeiro (US$497), Tokyo (US$490), Toronto, Venice, Los Angeles, Sao Paulo and Geneva are also listed among the top 10 international destinations where U.S. travellers paid most at luxury hotels.

The HPI , which tracks the real prices paid per hotel room room, per night (and not the hotel’s advertised rates) on, found that room rates increased 3 percent around the world during 2013, when compared with 2012. That might seem small but remember, they’re talking about hotels in 85 countries.

Rates in North America increased by 3 percent as well while Europe increased slightly by 2 percent. Latin America and the Caribbean jumped 5 percent while Asia, where we’ve seen a monster hotel boom in recent years, was down 2 percent.

St Regis Hotel San Francisco, CA