HOTELPRICE

TM

INDEX2025

aH”

③H

KEYFINDINGS

The2025HotelPriceIndexTManalyzesglobalyear-on-yearaveragedailyratesfrombookingson

Hinthemostpopularinternationalanddomesticdestinationsanddelvesintopricingtrendsanddifferencesbetweenstarratings.

O1.

DomesticHotelPricesAreFalling

AveragenightlyratesforU.S.hotels

droppedby2%year-over-yearto$174.

LuxuryAbroadIsaBargain

International5-starhotelsare,on

average,27%cheaperthanthosein

theU.S.

4-StarHotelsOffertheBestValue

Upgradingfroma3-to4-starhotelintheU.S.costs38%more,whilejumpingfroma4-to5-starcosts118%more.

O1.

PRICE

INSIGHTS

Intopdestinations,U.S.hotelratesfellslightly(-2%),whileinternationalratesrose(+4%).

H”

International

HOTELPRICINGINTOP

DESTINATIONS

Year-over-yearcomparison

■%ChangeYoY2024Price

comparedto1//2023to12/31/2023

Comparesyearoveryearaveragedailyratesfrom1/1/2024to12/31/2024

H

Kyoto$190

Tokyo$200

Madrid$228 Edinburgh$288 Seoul$186 Vienna$214Copenhagen$208 Barcelona$251Lisbon$228

MexicoCity$156

Bangkok$1I8 Prague$172Florence$302 Osaka$152 Rome$296 Milan$304 London$300Singapore$234Montreal$216Paris$320

-1%-2%

-2%-3%

-3%

13%

12%

12%

11%

8%

7%

7%

6%

6%

5%

5%

4%

4%

4%

3%

3%

2%

1%

0%

0%

Dubai$197

Dublin$242Istanbul$180

Amsterdam$259

Toronto$266

BiggestPriceDropsYoY

Destination2024

Price

%ChangeYoY

Toronto

$266

-3%

Amsterdam

$259

-3%

Istanbul

$180

-2%

Dublin

$242

-2%

Dubai

$197

-1%

BestValueStays

Destination

2024Price

Bangkok

$II8

Osaka

$152

MexicoCity

$156

Prague

$172

Istanbul

$180

Domestic

HOTELPRICINGINTOP

DESTINATIONS

Year-over-yearcomparison

■%ChangeYoY2024Price

Comparesyearoveryearaveragedailyratesfrom1/1/2024to12/31/2024

comparedto1/V2023to12/31/2023

H

7%

Chicago,IL$232

5%4%

3%

New

Houston,TX$151YorkCity,NY$328

1%

Charlote,NC$156Washington,DC$244

1%

Miami,FL$208

Honolulu,HI$2710%

Columbus,OH$142NewOrleans,LA$207

0%

0%

-1%

Boston,MA$303

-1%

LasVesas,NV$185

-2%

-2%

-2%

SanAntonio,TX$140Phoenix,AZ$168

-3%

-3%

Dallas,TX$169Orlando,FL$151

-4%

-4%

SanDiego,CA$220Denver,CO$174

Tampa,FL$185

-4%

LosAngeles,CA$203

-5%

-6%

-6%

Anaheim,CA$175Portland,OR$162

-6%

Nashville,TN$225Atlanta,GA$164

-7%

Austin,TX$171

-9%

SanFrancisco,CA$198

BiggestPriceDropsYoY

Destination

San

Francisco

Austin

Atlanta

Nashville

Portland

2024Price

$198

$I71

$164

$225

$162

%ChangeYoY

-9%

-7%

-6%

-6%

-6%

BestValueStays

Destination

SanAntonio

Columbus

Orlando

Houston

Charlotte

2024Price

$140

$142

$151

$151

$156

02.

H”

Thecosttoup-star,howmanystars$250buysaroundtheworld,andwheretofindthebest-value5-starstays.

WHAT’SINASTARRATING

InternationalADR*byStarRating

★★

22%

$156

more

$128

入

Thereisnouniversalstarratingsystem.Thecriteria

foreachstarratingcanvarydependingonthe

organizationorregionassigningtheratings.

Generallythedifferencesareindegreeofluxury,

comfort,amenities,andservice.Insomecountries,sustainabilitypracticesandguestfeedbackarealsofactoredintostarratings.

★☆★

62%

more

42%

$356

more$222

入

DomesticADR*byStarRating

★★★★

$226

★★★★★

38%

more

118%

more

53%

$107

$492

more$164

*Averagedailyrate

③H

Thebiggestjumpinpriceisfroma4toa5-starstay,making4-starsthebest

valuefortravelersthatwanttoup-star.

5STARSTAYSUNDER$300

Luxuryforless

RiodeJaneiroBudapest$298

Copenhagen$295

$285

AbuDhabi

Athens

$295

Dubai

$289

Ubud$283

ManchesterSeminyak$276

ShanghaiPanamaCity$193

$186

$235$274Sy

PortoMexicoCity

Prague$263$275

Melbourne

$203

Auckland

$192

$208

Bangkok

$178

Gothenburg

Hanoi

$157

$168

IstanbulPattaya$169

Guadalajara

$149

$157

International

HOWMANYSTARS

DOESS250GETYOU?

③H

3

Amsterdam

Edinburgh

Florence

London

Milan

Paris

Rome

Toronto

4

Barcelona

Dubai

Dublin

Copenhagen

Kyoto

Lisbon

Madrid

MexicoCity

Montreal

Osaka

Seoul

Singapore

Tokyo

Vienna

5

Auckland

Bangkok

Bogota

Guadalajara

Hanoi

HoChiMinhCity

Istanbul

Krakow

Manchester

Melbourne

Mumbai

NewDelhi

PanamaCity

Prague

Shanghai

Taipei

3

LosAngeles,CA

Anaheim,CA

Honolulu,HI

Domestic

Atlanta,GA

Miami,FL

Nashville,TN

NewOrleans,LA

NewYork,NY

SanDiego,CA

HOWMANYSTARS

Austin,TX

DOES$300GETYOU?

Boston,MA

Charlotte,NC

Seattle,WA

Portland,OR

SanAntonio,TX

Orlando,FL

Phoenix,AZ

Tampa,FL

Chicago,IL

Dallas,TX

Denver,CO

Houston,TX

LasVegas,NV

SanFrancisco,CA

Washington,DC

③H

International

MOSTPOPULAR

PLACESTOBOOKA5-STARSTAY

Average

$356

③H

HOTEL

HoChiMinhCity

Bangkok

PanamaCity

NewDelhi

Shanghai

Mumbai

$171

$186

$187

$195

$209

$214

Istanbul$230

Prague$237

Kowloon

Dubai

Seoul

Makkah

Athens

MexicoCity

Singapore

$269

93

$310

$320

$325

$328

$336

Lisbon$355

Madrid$409

Barcelona$420

Tokyo$464

PuntaCana$473

London$511

Cancun$609

Paris$733

PlayadelCarmen$817

分

Domestic

MOSTPOPULAR

PLACESTOBOOKA5-STARSTAY

HOTEL

Average

$493

③H

Henderson,NV

LasVegas,NV

Atlanta,GA

Miami,FL

Savannah,GA

Washington,DC

Dallas,TX

$198

$341

$361

$386

$394

$419

$424

Seattle,WA$437

Houston,TX

SanFrancisco,CA

Nashville,TN

Honolulu,HI

NewOrleans,LA

SanDiego,CA

LosAngeles,CA

Austin,TX

$442

$443

$467

$469

$469

$501

$512

$512

Philadelphia,PA$531Brooklyn,NY$538

WestHollywood,CA$553

Boston,MA

Charleston,SC

Chicago,IL

SantaMonica,CA

NewYork,NY

MiamiBeach,FL

$600

$603

$626

$637

$639

$809

分

International

AVERAGE

DAILYRATEBYSTAR

RATING

3StarAverage=$1524StarAverage=$2155StarAverage=$430

Comparesaveragedailyratesof3,4,and5-starhotelsfrom/01/2024-12/31/2024

H

3

Edinburgh$235

Florence$224

Paris$224

Rome$214

Dublin$211

Amsterdam$211

Barcelona$202Toronto$192

Milan$184London$176

Montreal$172Madrid$171

Lisbon$163

Vienna$148

Kyoto$147Tokyo$137

Singapore$129

Seoul$115

Prague$105Osaka$99

Dubai$93MexicoCity$87

Istanbul$84Bogotá$45

Bangkok$42

4

Paris

$328

Florence

$298

Edinburgh

$296

Rome

$289

Milan

$283

London

$278

Amsterdam

$268

Toronto

$260

Barcelona

$253

Dublin

$240

Madrid

$231

Tokyo

$230

Montreal

$228

Lisbon

$224

Kyoto

$205

Vienna

$194

Singapore

$182

Osaka

$169

Seoul

$166

Prague

$153

MexicoCity

$153

Dubai

$132

Istanbul

$124

Bogotá

$99

Bangkok

$83

5

Paris

$733

Rome

$725

Kyoto

$693

Milan

$668

Florence

$646

Toronto

$525

London

$511

Amsterdam

$483

Edinburgh

$465

Tokyo

$464

Dublin

$450

Barcelona

$420

Madrid

$409

Vienna

$400

Montreal

$397

Lisbon

$355

Singapore

$336

MexicoCity

$332

Seoul

$310

Dubai

$288

Osaka

$286

Prague

$237

Istanbul

$230

Bogotá

$193

Bangkok

$186

H

Domestic

AVERAGE

DAILYRATEBYSTAR

RATING

3StarAverage=$176

4StarAverage=$230

5StarAverage=$471

Comparesaveragedailyratesof3,4,and5-starhotelsfrom/01/2024-12/31/2024

3★

4

5

Boston,MA

$286

NewYork,NY

$313

Orlando,FL

$639

NewYork,NY

$268

Boston,MA

$298

NewYork,NY

$639

Seattle,WA

$221

Honolulu,HI

$286

Chicago,IL

$626

Washington,DC

$217

Nashville,TN

$282

Tampa,FL

$613

Chicago,IL

$209

SanDiego,CA

$270

Boston,MA

$600

Anaheim,CA

$204

Tampa,FL

$256

Austin,TX

$512

Nashville,TN

$192

Seattle,WA

$249

LosAngeles,CA

$512

LosAngeles,CA

$192

Anaheim,CA

$242

SanDiego,CA

$501

SanDiego,CA

$189

Austin,TX

$241

Denver,CO

$496

SanFrancisco,CA

$184

Washington,DC

$241

NewOrleans,LA

$469

Honolulu,HI

$183

Chicago,IL

$230

Honolulu,HI

$469

NewOrleans,LA

$175

NewOrleans,LA

$229

Nashville,TN

$467

Tampa,FL

$172

SanAntonio,TX

$223

Phoenix,AZ

$465

Phoenix,AZ

$162

SanFrancisco,CA

$217

SanFrancisco,CA

$443

Miami,FL

$161

Miami,FL

$216

Houston,TX

$442

Portland,OR

$161

Charlotte,NC

$216

Seattle,WA

$437

Denver,CO

$157

Phoenix,AZ

$211

Dallas,TX

$424

Charlotte,NC

$151

LosAngeles,CA

$209

Washington,DC

$419

Austin,TX

$144

Dallas,TX

$208

Charlotte,NC

$413

Atlanta,GA

$138

Houston,TX

$202

Miami,FL

$386

Houston,TX

$133

Denver,CO

$201

Atlanta,GA

$361

Orlando,FL

$130

Orlando,FL

$188

Anaheim,CA

$355

SanAntonio,TX

$130

Portland,OR

$188

LasVegas,NV

$341

Dallas,TX

$128

Atlanta,GA

$186

SanAntonio,TX

$340

LasVegas,NV

$117

LasVegas,NV

$154

Portland,OR

$287

03.

PERKSDISCOUNTS

&REWARDS

Wheretoscoremorevaluewithmemberprices,freeperksandextrarewards-allathotelsratedhighlybytravelers.

H”

MVPLIST

(MOSTVALUABLEPERKS)

VIPAccessperkscantotalmorethan

$250invalue-that'smorethanthe

averagecostofanightata4-star

hotel.Hereareafewthatoffersome

seriouslyvaluableperks:

One&OnlyPalmillaLosCabosMexico

$175increditsforthespaadgolfcourse

TheRetreatCollection

at1Hotel&HomesSouthBeachMiamiBeach

位

$175increditsforthespaadgolfcourse

H

EquinoxHotel

NewYork

Acomplimentaryspaservicefor2guests

JabulaniSafari

SouthAfrica

必

Freebreakfast

JadeMountainResort,

St.LuciaCaribbean

Complimentarybottleofwine

JumeirahBurjAlArabDubai

20%offatanyofthe9

restaurantsonproperty

VillaGalliciHotelandSpaMarseille,France

Freefullbreakfastforlperday+1freebottleofwineperstay

MontageKapalua

BayHawaii

20%offspaservices

GiliLankanfushi

Maldives

必

20%offairporttransport

+$100resortcredit

+complimentarybottleofwine

Sandblu

Santorini

$100food&beveragecredit

MembersstayingatVIPAccessproperties-acuratedcollectionoftop-ratedhotelsonH-enjoyexclusiveperks,discountsandearnextrarewards.

MOSTCOMMONPERKMAP

Planatripbyperk.Fromaspacreditin

PuertaVallartatoafreebeverageinSydney,

perusethismaptoseewhichperksyoucan

expectinpopulardestinationsworldwide.

Y9

旦

回

Food&BeverageCreditorDiscountSpaCreditorDiscount

FreeBeverages

ComplimentaryBottleofWineParkingCreditorDiscount

LondonYQ

VancouverYq

LosAngeles7

Las

PuertoVallarta

Oahu4QCancún

Toronto

NewYorkY9

VegasqParis早

PuntaCanaBarcelona豆

OrlandoY9

RiodeJaneiroYq

StockholmYq

IstanbulYRome

DubaiYq

TokyoY

HongKong

SeoulYQ

PattayaYQBangkokYq

Sydney

BuenosAiresY9

③HVIP

04.

POOLSIDE

COCKTAIL

BAR-0METER

Youcan'tputapriceonthatfirst-sip-by-the-poolfeeling.Well,actually,youcan.Here'showitbreaksdownbycity.

H”

USA

LosAngeles$21.20

Maui$21.20NewYork$20.40LasVegas$20.00

P0OLSIDE

Chicago

Miami

SanDiego

Scottsdale

NewOrleans

Nashville

$19.60

$17.40

$17.00

$16.20

$15.00

$15.00

COCKTAIL

BAR-0ME