Tuesday, September 14, 2010

Hotel Prices Rise For The First Time In 3 Years

(Canberra) -- Hotel prices are on the rise for the first time in three years. That's according to Hotels.com's biannual hotel price index. Cities topping the new list with the most expensive hotels were Capri, Italy, Geneva, Switzerland and New York City. Overall the index found prices rose around two-percent in the second quarter of this year when compared to a year ago. This is the first increase since the end of 2007. In Capri, Italy hotel rates rose seven-percent making it the most expensive destination on the list. The average room rates in Geneva, Switzerland and the rest of country rose eight-percent to two-hundred-54 dollars.

As for New York City, travelers can expect to pay the highest prices in the U.S. for a hotel room with rates up 14-percent compared to a year ago. The survey showed some of the biggest price hikes happened in cities connected to major events. The full survey can be found at www.hotel-price-index.com.