Global hotel prices paid by travellers worldwide rose by one per cent during the first half of 2015, but the Indian market witnessed an increase of two per cent
For the first time, hotel prices paid in three world regions have overtaken their pre-financial crisis levels of 2008/ 2009, with North America, the Caribbean and Latin America setting new records, although the overall global rise is up by one per cent in the first half of 2015 compared to the same period in 2014, according to the latest Hotel Price Index (HPI) from Hotels.com. More travellers, higher consumer spending in key areas and strong currency fluctuations have all contributed to this result.
In India, overall hotel prices paid by all travellers have witnessed a marginal rise of two per cent in the first six months of 2015 to an average of Rs 6,411. The commercial capital of India- Mumbai, known for its buzzing nightlife recorded the highest rise in India by five per cent with an average of Rs 8,091 making Mumbai, the country’s city where travellers paid the most in the first half of 2015.
The city with a mix of forts, shopping centres, food joints, and culture and tradition of Mughals- Delhi, retained its second spot despite a fall of three per cent with an average of Rs 6,677. While cities like Bengaluru and Pune witnessed a marginal rise of three per cent, Goa which recorded the highest rise of 12 per cent last year, saw a minimal rise of three per cent with an average of Rs 5,940 in the first half of 2015.
Chennai saw no change in price variation for hotel accommodation in the first six months of 2015 as compared to the same period last year whereas metro cities such as Kolkata and Hyderabad recorded a fall of two per cent and three per cent respectively. Jaipur continues to serve best value among the cities analysed with an average of Rs 5,062 despite a rise of four per cent.