2017 Global Hotel Price Rise Is First in Three Years

After three years, prices travelers paid for overnight accommodations rose 2 percent globally in 2017, according to the latest Hotels.com Hotel Price Index. The index finished the year at 116, the closest it has been to the 2007 peak of 118.

Among US cities, the largest average price drops for overnight stays were in Chicago, Honolulu and Philadelphia, all decreasing gyp by 4 percent since 2016. Internationally the largest average price increase was found in Lisbon where rates jumped 13 percent, while the largest average price drop was in Dubai which fell 6 percent.