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Survey

Study reveals the cost of 3, 4 and 5-star hotels and vacation homes in 75 popular destinations

Author: Theodore Koumelis / Date: Fri, 10/30/2020 - 08:24
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Accommodation prices have dropped by an average of more than 17% between 2019 and 2020, with Amsterdam, Netherlands showing a 51.6% drop in price, while Marrakech, Morocco shows a 15.5% increase in accommodation cost.

BERLIN, GERMANY - Tour operator, Dertour, has released the 2020 Hotel Price Index. The dataset reveals the current cost of a range of hotel and vacation homes in 75 popular destinations, including a 2019 price comparison looking at pre-Covid19 accommodation prices. The travel agency has witnessed firsthand the implications of the pandemic on both the industry and travelers, and since restrictions have eased, have been working hard to offer their customers the most up-to-date information about the safe travel options available.

In doing so, Dertour noted a significant shift in accommodation pricing, and decided to undertake a study to see how these changes are reflected in the market overall. This dataset is designed not only to inform prospective travelers about the options available and the prices they should expect to find, but also to help raise awareness about the considerable drop in prices between 2020 and 2019, which is reflective of the current struggle facing the entire travel industry.

This dataset takes into account travel restrictions for German citizens from August 2020, so Dertour advises all prospective travellers to always check with the Auswartiges Amt, or their relevant local health authority, before planning any journey.

The 10 global cities which have the most and least expensive Average Median Hotel Price in the index:

chart1

The 10 European cities which have the most and least expensive Average Median Hotel Price in the index:
chart2

The 10 global cities which have the highest and lowest 2019 - 2020 % Hotel Price Difference in the index:
chart3

Deviation from the Median (%)

  • Highest: Zurich, Switzerland (99.6%), followed by American cities Los Angeles (91.6%) and New York (86.5%).
  • Lowest: Phuket, Thailand (-76.8%), followed by Delhi, India (-72.6%) and Bali, Indonesia (-70.5%).

2020 Average (Median) Hotel Prices - 3 Star-Hotels

  • Most Expensive: Zurich, Switzerland (€169) followed by San Francisco, USA (€146) and Konstanz, Germany (€145).
  • Least Expensive: Kuala Lumpur, Malaysia (€20) followed by Phuket, Thailand (€22) and Delhi, India (€23).

2020 Average (Median) Hotel Prices - 4 Star-Hotels

  • Most Expensive: Los Angeles, USA (€210), followed by Honolulu, USA (€201) and Tel Aviv, Israel (€189).
  • Least Expensive: Phuket, Thailand (€24), Kuala Lumpur, Malaysia (€36), Bangkok, Thailand (€40).

2020 Average (Median) Hotel Prices - 5 Star-Hotels

  • Most Expensive: Zurich, Switzerland (€477), followed by New York, USA (€472) and Venice, Italy (€431).
  • Least Expensive: Phuket, Thailand (€46), Kuala Lumpur, Malaysia (€51), Bali, Indonesia (€65).

Median Hotel Price - With Free Breakfast

  • Most Expensive: Zurich, Switzerland (€234), followed by Tel Aviv, Israel (€231) and New York, USA (€228).
  • Least Expensive: Phuket, Thailand (€31), followed by Delhi, India (€35) and Bali, Indonesia (€37).

Median Hotel Price - Hotel with Pool

  • Most Expensive: Paris, France (€373), followed by New York, USA (€360) and Tokyo, Japan (€270).
  • Least Expensive: Phuket, Thailand (€27), followed by Bali, Indonesia (€32) and Kuala Lumpur, Malaysia (€41).

Vacation Home

  • Most Expensive: Mykonos, Greece (€288), followed by Los Angeles, USA (€187) and Santorini, Greece (€184).
  • Least Expensive: Johannesburg, South Africa (€41), followed by Istanbul, Turkey (€43) and Delhi, India (€45).
     

ABOUT THE AUTHOR

Theodore Koumelis

Co-Founder & Managing Director

Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.