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About the Hotel Price Index

Now in its tenth year, the HPI is respected as the definitive report on hotel prices paid around the world and is increasingly used as a reference tool by the media, hoteliers, financial analysts, investors, tourism bodies and academics.

The HPI tracks the real prices paid per room per night by Hotels.com customers around the world, using a weighted average based on the number of rooms sold in each of the markets in which Hotels.com operates.

The international scale of Hotels.com, in terms of the number of customers, properties and destinations covered, makes the Hotel Price Index one of the most comprehensive benchmarks available. It incorporates both chain and independent hotels, as well as options such as self-catering and bed & breakfast properties.

The Index was started in 2004 at 100 and includes all bookings across all star ratings from 1-star to 5-star. This edition looks at the first six months of 2013, comparing the results with the same period in 2012. More than 150,000 properties around the world make up the sample set of hotels from which prices are taken.

About the HPI

The HPI report focuses on two main sources of data:

The first section (Chapter 1) shows the global Hotel Price Index for the six months of 2013, comparing it with the same period in previous years.

The Index is compiled from all relevant transactions on Hotels.com during this period, weighted to reflect the size of each market. By representing hotel price movements in an index, Hotels.com can illustrate the actual price movements as paid by consumers, without foreign exchange fluctuations distorting the picture.

The second section (Chapters 2-9) shows hotel prices across the world per room per night as paid by travelers from the U.S. in the first half of 2013 compared with the same period in 2012. This shows the changes in real prices paid by American consumers, reflecting both movements in exchange rates and hotel pricing. This section also highlights price increases and decreases throughout the U.S., travel trends in 2013 and a spotlight on how to travel based on passions and hobbies.

Prices are rounded to the nearest U.S. Dollar and percentage figures to the nearest percentage point.

Reports are also available in other currencies. Please contact hotels.com@finnpartners.com. Follow the discussions on Twitter @hotelsdotcom.

About Hotels.com®

Hotels.com is a leading online accommodation booking website with approximately 220,000 properties around the world through the Expedia® group network, ranging from international chains and all-inclusive resorts to local favorites and bed & breakfasts, together with all the information needed to book the perfect stay.

Starting as a telephone service in 1991, the first website was launched in the U.S. in 2002 with the first international version launched in the UK later that year. There are now more than 85 Hotels.com sites worldwide in Europe, North, Central and South America, Asia Pacific, the Middle East and South Africa, the majority of which are in localized languages.

Hotels.com benefits from one of the largest hotel contracting teams in the industry, constantly working to bring more hotels to the sites and ensuring best value pricing for its customers with frequent sales, special deals and promotions. Regular customer e-newsletters provide exclusive offers and advance notice of up-coming sales. There are more than seven million reviews on the site from users who have actually stayed in the hotels to ensure customers can make an informed choice when booking.

Through its industry-leading loyalty program Welcome Rewards® available in all markets, customers can earn a free* night for every 10 nights stayed at more than 85,000 hotels, subject to Welcome Rewards terms and conditions as set out at www.hotels.com. Since launch, Hotels.com has rewarded its customers with more than one million free nights.

Under its Price Match Guarantee±, if a customer can find a lower price on a prepaid hotel, Hotels.com will refund the difference, subject to the Price Match terms and conditions set out on www.hotels.com.

Travelers can book online or by contacting one of the multilingual call centers. A portfolio of special apps for mobile phones and tablets can also be downloaded at www.hotels.com/deals/mobile enabling customers to book on the go with access to 20,000 last minute deals.

Hotels.com is part of the Expedia, Inc. group, the largest travel company in the world with an extensive portfolio that includes some of the world's best-known brands. Follow Hotels.com on Facebook, Twitter and YouTube.

Hotels.com, Hotel Price Index, HPI, Finding You The Perfect Place and the Hotels.com logo are either registered trademarks or trademarks of Hotels.com, LP. All other trademarks are property of their respective owners. © 2013 Hotels.com, LP. All rights reserved. CST # 2083949-50

* The maximum value of the free night is the average daily rate of the 10 nights stayed. The free night does not include taxes and fees.

± Price match guarantee on hotel bookings. If you find a lower price on exactly the same stay elsewhere, we'll match it or let you cancel your booking without a penalty. Terms and conditions apply.

Contact Hotels.com

U.S. Headquarters
5400 LBJ Freeway, Suite 500, Dallas, Texas 75240
Phone 469-335-1000 or 800-2-HOTELS

For further information, interviews or a printable version of the HPI
Taylor L. Cole, APR, Director of Public Relations, North America
Hotels.com
taycole@hotels.com
469-335-8442

@TravelwithTLC

For a printable PDF version of the HPI
Helen Ames
Finn Partners for Hotels.com
Helena@finnpartners.com
212-715-1646

Get up to date data in our press room at http://press.hotels.com/en-us. Visit the hotels.com Travel Smart Blog for consumer and business travel information, follow us on Twitter, on Facebook. Hotels.com, Finding You The Perfect Place™.