After three years, prices travelers paid for overnight accommodations rose 2% globally in 2017, according to the latest Hotels.com® Hotel Price Index
(HPI®). In a year where cryptocurrencies flooded the market, hashtags took over the red carpet and political debate turned well, political, the needle has also moved for travelers, with a two-point rise in the global Index to 116, the closest it has been to the 2007 peak of 118.
“The slight increase in average accommodation prices globally, combined with numerous markets having record visitor growth, has signaled a strong travel economy and a growing desire from consumers to experience the world,” said Johan Svanstrom, president of Hotels.com. “Cultural events have inspired travel more than ever before as we aspire not to just stand by and observe the action, but to instead actually be a part of it. ”
Hotels.com reveals U.S. travelers spent their money on experiences abroad
In the U.S., more citizens have a passport than ever before, and as a result they are looking to get out and experience the world, despite an increase in prices paid* for hotel stays.
Hotels.com reveals U.S. travelers spent their money on experiences abroad
A few of the study’s key findings:
- Las Vegas was the most popular destination for U.S. domestic travel. As visitors continued to flock to Sin City for leisure and conventions
- New York City was the second most popular U.S. domestic location. Despite relatively high average prices paid
- Next on the list of “Most Popular Domestic Destinations for American Travelers” include Orlando (ranked 3rd). San Diego (ranked 4th) and Chicago (ranked 5th)
- The largest average price drops for overnight stays for international visitors were in Chicago, Honolulu and Philadelphia. All decreasing by 4% since 2016
- London was the most popular international spot for U.S. travelers. Followed by Paris, Toronto, Tokyo and Rome
- Thailand was the most popular country in Asia for U.S. travelers
- Americans found the largest average price increase in Lisbon at 13%. The largest average price drop in Dubai with a decrease of 6%
