Average hotel prices drop in Thailand in 2018

The latest Hotel Price Index (HPI) released by Hotels.com reveals no sign of a slowdown for the global travel industry. Prices are up for overnight accommodation by 3% globally in 2018 across every regional index, except for the Pacific region, including Thailand.

Hotel.com has 85 websites in 34 languages, and lists over 325,000 hotels in approximately 19,000 locations. Its inventory includes hotels and B&Bs, and some condos and other types of commercial lodging.

Travellers to and around Thailand paid an average price of 1,720 baht a night for their domestic accommodation last year, a 7% drop compared to 2017, and paid the same average price of 4,437 baht a night for international accommodation in both 2018 and 2017.

The growth in travel comes despite global uncertainties including Brexit, California wildfires, South African drought and Japanese earthquakes. Travellers also showed resilience and renewed confidence in destinations touched by unrest: Paris, Egypt, Turkey; regions experiencing currency fluctuation: South America; and areas affected by natural disaster: North America.

Despite the overall growth in global accommodation prices, average prices paid for domestic accommodation in Thailand have decreased, with average prices for international beds remaining stable.

SOURCE: The Nation | Hotel.com