The hotels.com® Hotel Price Index (HPI) is a regular survey of hotel prices in major city destinations across the world. The HPI is based on bookings made on hotels.com.
• The HPI tracks the real prices paid per room by hotels.com customers around the world using a weighted average based on the number of rooms sold in each of the markets that hotels.com operates in.
• Approximately 78,000 properties in more than 13,000 locations make up the sample set of hotels from which prices are taken.
• The prices shown are those actually paid by customers (rather than advertised rates), in the first six months of 2009 and therefore give an accurate reflection of hotel prices for the period.
The international scale of hotels.com (in terms of both customers and destinations) makes the Hotel Price Index one of the most comprehensive benchmarks available, as it incorporates both chain and independent hotels, as well as specialty lodging options such as vacation rentals and bed and breakfast properties.
In the U.S. approximately 70 percent of hotel rooms booked are in chain properties. The reverse is true of Europe, where approximately 25 percent of hotel rooms are part of a chain, the remainder being independent. In addition to the standard survey, the HPI includes occasional features on new or unusual booking and pricing trends.
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