India shows 2% hike in hotel room prices: report

There was a marginal rise in hotel room prices in India, which went up by 2% on an average in the second half of 2011 compared to the same period last year, while globally the rates rose by 4%, according to a survey.

"Hotel room prices in India have shown only a marginal rise and Indian hotels continue to be attractive for both both domestic and international travellers. The F1 race coming to India is an indication that the country has the potential to host iconic international events and will continue to be one of the preferred destinations for travellers," said Hotels.com Senior Marketing Director, Asia Pacific, Abhiram Chowdhry.

Its a good time also for Indian travellers to venture out to other international destinations such as Germany, South Africa, Canada and Japan given the significant fall in hotel room rates in these markets, he added.

The latest Hotel Price Index (HPI) report by Hotels.com is a regular survey of hotel prices in major travel destinations across the world. The report is based on bookings made through the Hotels.com website and prices shown are those actually paid by customers (rather than advertised rates) in 2011.

The latest HPI features 27 countries, including India, the UK, the US, UAE, Canada, Singapore, Greece, Italy, Japan and Australia.

Amongst these, India is the lowest priced country with an average room rate of Rs 4,226 per night. Switzerland, with its currency remaining strong, was the most expensive country, experiencing a 19% rise in room rates compared to second half of 2010, with an average room rate of Rs 10,496 per night followed by the UK, which recorded a rise of 7% to Rs 8,965.

Overall, the report found that hotel prices around the world have been volatile in the latter half of 2011, with some countries experiencing significant rises.