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Chapter 1: Global Price Changes

 

The average price of a hotel room around the world rose 4% in the first half of 2012 compared with the same period of 2011, according to the latest Hotels.com Hotel Price Index, standing at 108 compared to 100 when the Index was launched in 2004.

This remained some way behind its half-year peak of 119 in 2007 and represents great value for travelers, but the recovery is now well-established and prices have risen across the world.

The strong economies of the Pacific basin powered the sharpest rises, North America gained ground and Asia saw prices rebound from the falls of last year, while Europe and Latin America lagged behind. More in-depth analysis into what caused these changes and how this affected individual cities and countries can be found in subsequent chapters.

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