TORONTO — Canadian hotel room prices grew by an average of five per cent in 2014, according to Hotels.com’s Hotel Price Index, which tracks bookings made through its website.
The global average grew by three per cent, rounding out five years of steady price increases. “Although the index rose again last year, it is still way behind its peak of seven years ago, which is great news for consumers,” said Johan Svanstrom, president of Hotels.com. “Each year is unique in the travel industry and 2014 was no exception, bringing its own opportunities and challenges.”
Fort McMurray, Alta. earned the highest rate in the country at $211; Mont-Tremblant, Que. and Whistler, B.C. tied for second place at $204. The most significant increases in the country were recorded in Grande Prairie, Alta., which grew by 18 per cent to $159; Hamilton, Ont., which grew by 13 per cent to $135; and Yellowknife, which grew by 11 per cent to $168.
International markets earning a jump on the index include The Caribbean (four per cent); Europe and the Middle East (four per cent); and Latin America (two per cent). Asia experienced a two-per-cent decline and the Pacific market showed no growth.
To view the complete report, visit www.hotels.com/hotel-price-index