The Hotels.com™ Hotel Price Index™ (HPI®) is a regular report on hotel prices in major destinations across the world. The HPI is based on bookings made on Hotels.com sites and prices shown are those actually paid by customers per room per night, including taxes and fees, rather than advertised rates.
Now in its eleventh 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 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 HPI started in 2004 and was set at 100. It tracks all bookings across all star ratings from 1-star to 5-star.
The HPI report focuses on two main sources of data:
The first section (Chapter 1) shows the global Hotel Price Index for the first half of 2014, with comparative data back to 2004. 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 2-7) shows hotel prices across the world per room per night as paid by travellers from the UK in the first six months of 2014 compared with the same period in 2013. This shows the changes in real prices paid by UK consumers, reflecting both movements in exchange rates and hotel pricing. In Chapter 4, figures are compiled from global bookings to the UK in all currencies. Prices throughout are rounded to the nearest Pound Sterling and percentage figures to the nearest percentage point.
Chapter 8 covers the top overseas destinations for UK travellers and the top UK destinations for visitors from overseas.
The final chapter focuses on some additional travel facts identified by Hotels.com.
Reports are also available in other currencies and languages. Please contact email@example.com. Follow the discussions on Twitter at #HotelExperts.