Luxury hotel rates down in Europe, up in Caribbean

Luxury rooms now average $395 a night in Caribbean, according to report

An average night in a luxury room in the Caribbean is $395, 17% more than it was in 2010. A new report by Smith Travel Research shows that the Caribbean is the only region in the world where luxury rates are so much higher in 2011. There, the number of rooms scheduled to open in the coming four years rose by nearly 9% in July to 17,200. Those already in the construction phase rose by nearly 17%.
Rates elsewhere in the world are still struggling to recover their 2008 peak. In Europe, by contrast rates are still 4 percent down on 2008, at $390 on average in 2011. In the Americas they’re 18% down on 2008 at $236; in AsiaPacific they’re 2% down at $229; in the Middle East and Africa they remain unchanged at $289.
USA Today
[pictured: Holiday Inn Resort Monetgo Bay; courtesy IHG]

x

Check Also

ITB, China, Anbang, IHG, takeover, bid, M&A

China’s Anbang eyeing takeover of IHG?

Contradicting reports about group’s plans

Holiday Inn, Germany, Pforzheim, Bavaria, IHG, new hotel, Oberhausen, Regensburg, Mannheim, Baden-Wuerttemberg, North Rhine-Westphalia

IHG’s confidence in German hotel market

Hotel giant signs five hotels to Holiday Inn brands

IHG, green engage, green, envirnoment, hotel, plastic, Aruba, Holiday Inn, Westin Princeville Ocean Resort Villas, recycle, Seaport Hotel & World Trade Center, Boston, old equipment, ,

How hotels are helping the environment

Hotels go green in ways that don’t just save money

Hilton, Marriott, Moxy, IHG, hotel, construction, trends, Europe, brands, companies, biggest, rooms, where, London, Istanbul, Moscow

Europe booming for hotel construction

Hilton more bullish in Europe than Marriott or IHG

Bebot, hotel, technology, trend, chatbot, mobile, Holiday Inn, Japan, Vegas, Hilton

Chatbots impact the hotel industry

Hotel chains use AI to ‘improve guest experiences’

Avid, Adiv hotels, brand, midscale, new, hotel, economy, construction, first, USA, licensing

IHG launches new midscale brand

Rates for Avid expected to be $10-15 less than Holiday Inn Express