Hotels.com prides itself on being the largest provider of lodging worldwide at the best possible rates in the market. They have recently released their biannual Hotel Price Index that shows a marginal increase of about 2% in average hotel room rates after a gap of almost three years. It is the first time that the hotel rates have looked up since 2007. Still the hotel room rates are significantly lower than the peaks it had touched.
Many of the luxury properties are much more affordable today than they were a year ago. In the US the 5 Star rates have witnessed a drop of 13% compared to the previous year, whereas the International prices in places like Lisbon and Bangkok have seen a decline of 12% in the rates of 5 Star hotels. Hotels.com has a HPI guide to “Luxury for Less” which can ensure luxurious stays for you along with substantial savings.
If you go through the Hotel Price Index you will realize that Santiago has witnessed the greatest decrease in average room rates. The prices have dropped from $284 to $213 in a year, registering a decline of 25%. There are % Star rooms available in some resorts for as low as $111 and $124 per night.