Chapter 2: Hotel Prices Around the World

Destinations for the Deal-Seeker

For those who can’t afford to splurge on the pricier cities that made our most expensive and greatest increase lists, there are still prime travel destinations that are attainable for both business and leisure travelers. More prudent spenders can look forward to taking advantage of various global cities that have not quite bounced back from the economic downturn of 2009.

Two attractive business hubs with modest price points include Abu Dhabi, U.A.E, and Shanghai, China. Both cities have average daily hotel rates of less than $155 a night and offer tons more than just hotel savings with their strong influences on global finance and technology.

Several swanky getaways, such as Somerset, Bermuda and Cannes, France, are also up for grabs at steep price cuts of 13-42%. Despite being hotbeds for celebrity activity – like during the star-studded Cannes Film Festival – these luxury hotspots are still struggling to make a full comeback from the recession while battling newer, up-and-coming destinations such as Florianopolis, Brazil.

	The World's Greatest Price Drops Rank City 2010 2011 YoY ADR 1. Somerset, Bermuda $532 $310 -42% 2. Giza, Egypt $99 $67 -32% 3. Alexandria, Egypt $137 $108 -21% 4. Naha, Japan $140 $111 -21% 5. Johannesburg, South Africa $182 $153 -16% 6. Nairobi, Kenya $220 $187 -15% 7. Cape Town, South Africa $174 $148 -15% 8. Chihuahua, Mexico $93 $80 -14% 9. Cannes, France $283 $245 -13% 10. Suzhou, China $125 $108 -13% 11. Durban, South Africa $165 $146 -11% 12. Cairo, Egypt $174 $157 -9% 13. San Salvador, El Salvador $121 $110 -9% 14. Shanghai, China $142 $130 -8% 15. Osaka, Japan $125 $115 -8% 16. St. Thomas, U.S. Virgin Islands $210 $194 -7% 17. Ciudad Juarez, Mexico $71 $66 -7% 18. Abu Dhabi, United Arab Emirates $165 $153 -7% 19. Cozumel, Mexico $160 $149 -7% 20. Kyoto, Japan $166 $159 -4%