According to a June 2022 study, Greece recorded the highest average price of staying for *** night in a double room in a ********** hotel among the selected destinations. The Mediterranean country topped the ranking with an average price of *** euros, followed by Italy at *** euros and France at *** euros. The country ranking as least expensive was Egypt, costing just ** euros for a double room.

According to a travel budgeting website, Iceland had the highest price of hotels among Nordic countries as of December 2024. At that time, the average hotel price in the Northernmost European country was at around 450 U.S. dollars for three nights.

Graph and download economic data for Harmonized Index of Consumer Prices: Restaurants and Hotels for European Union (27 Countries from 2020) (CP1100EU272020M086NEST) from Dec 1999 to Jun 2025 about hotel, restaurant, EU, harmonized, Europe, CPI, price index, indexes, and price.

As a result of the coronavirus (COVID-19) pandemic the hotel industry has taken a hit in 2020. In May 2020, the average daily rate (ADR) of hotels in Europe was ***** U.S. dollars. Daily hotel prices were lowest in the Asia Pacific region during the same month.

Hotel rate changes worldwide

In each region, corporate average daily hotel rates are forecast to increase by 2020. Asia’s rates are predicted to be higher than the global average, increasing by about ***** percent. Latin America should see a smaller rise of about *** percent, due to the more modest growth in demand within this region. However, these rates were forecast prior to the coronavirus (COVID-19) pandemic therefore will be subject to change.

Hotel occupancy rate

Average daily rates in the hotel industry tend to change throughout the year as they are closely linked to hotel occupancy rates. Specific regions are visited more frequently during certain times of year. For instance, hotel rooms in the Americas were rented more frequently during the summer months, compared to the colder winter months in 2019.

The average for 2021 based on 3 countries was 149.45 index points. The highest value was in Australia: 187.47 index points and the lowest value was in Fiji: 87.5 index points. The indicator is available from 2017 to 2021. Below is a chart for all countries where data are available.

As of the first quarter of 2024, China had the highest number of hotel rooms in the construction pipeline worldwide. In that period, there were over *** thousand hotel rooms in construction in the country. This was followed by the United States which had nearly *** thousand hotel rooms in the construction pipeline.

Hotel Price Index: 2001=100: Basque Country data was reported at 108.500 2001=100 in Dec 2008. This records an increase from the previous number of 107.800 2001=100 for Nov 2008. Hotel Price Index: 2001=100: Basque Country data is updated monthly, averaging 108.850 2001=100 from Jan 2001 (Median) to Dec 2008, with 96 observations. The data reached an all-time high of 128.100 2001=100 in Aug 2008 and a record low of 101.500 2001=100 in Feb 2002. Hotel Price Index: 2001=100: Basque Country data remains active status in CEIC and is reported by National Statistics Institute. The data is categorized under Global Database’s Spain – Table ES.Q026: Hotel Price Index.

Switzerland Restaurants and Hotels Price Index jumped by 2.2% in 2019, compared to the previous year.

Spain Hotel Price Index: Same Mth 2008=100: Basque Country data was reported at 116.240 Same Mth 2008=100 in Jun 2018. This records an increase from the previous number of 114.260 Same Mth 2008=100 for May 2018. Spain Hotel Price Index: Same Mth 2008=100: Basque Country data is updated monthly, averaging 95.180 Same Mth 2008=100 from Jan 2001 (Median) to Jun 2018, with 210 observations. The data reached an all-time high of 118.210 Same Mth 2008=100 in Aug 2017 and a record low of 80.260 Same Mth 2008=100 in Mar 2014. Spain Hotel Price Index: Same Mth 2008=100: Basque Country data remains active status in CEIC and is reported by National Statistics Institute. The data is categorized under Global Database’s Spain – Table ES.Q026: Hotel Price Index.

The average for 2021 based on 11 countries was 67.92 index points. The highest value was in Chile: 102.05 index points and the lowest value was in Paraguay: 47.2 index points. The indicator is available from 2017 to 2021. Below is a chart for all countries where data are available.

The average for 2021 based on 50 countries was 57.28 index points. The highest value was in the Seychelles: 124.16 index points and the lowest value was in Sudan: 28.68 index points. The indicator is available from 2017 to 2021. Below is a chart for all countries where data are available.

This statistic shows the average price paid for a hotel room at home and away in 2014, by country. Travelers from Switzerland paid an average of 206 U.S. dollars per night when staying in hotels in their home country.

Sri Lanka Number of Hotel Rooms: Annual: Hill Country data was reported at 1,356.000 Unit in 2017. This records an increase from the previous number of 1,178.000 Unit for 2016. Sri Lanka Number of Hotel Rooms: Annual: Hill Country data is updated yearly, averaging 359.500 Unit from Dec 1970 (Median) to 2017, with 48 observations. The data reached an all-time high of 1,356.000 Unit in 2017 and a record low of 178.000 Unit in 1970. Sri Lanka Number of Hotel Rooms: Annual: Hill Country data remains active status in CEIC and is reported by Sri Lanka Tourism Development Authority. The data is categorized under Global Database’s Sri Lanka – Table LK.Q008: Number of Hotels and Hotel Rooms.

The average price of hotel rooms in Buenos Aires, Argentina reached the highest peak of 2023 in November, at over 150 U.S. dollars. In the first two months of the following year, the hotel prices in the South American country stood at around 134 and 109 dollars, respectively.

Graph and download economic data for Consumer Price Index: Harmonised Prices: Restaurants and Hotels (COICOP 11): Total for the Euro Area (19 Countries) (EA19CPHP1100GPM) from Feb 1996 to Jan 2023 about hotel, restaurant, Euro Area, and Europe.

This statistic shows the least expensive countries for hotel rates worldwide in 2014. Poland was one of the least expensive countries worldwide in terms of hotel rates, with average daily rate of first-class branded hotels amounting to 79.9 U.S. dollars.

Switzerland Consumer Price Index (CPI): RH: Accommodation: Hotel data was reported at 106.957 Dec2005=100 in Dec 2010. This records an increase from the previous number of 104.866 Dec2005=100 for Nov 2010. Switzerland Consumer Price Index (CPI): RH: Accommodation: Hotel data is updated monthly, averaging 93.344 Dec2005=100 from Dec 1982 (Median) to Dec 2010, with 337 observations. The data reached an all-time high of 116.439 Dec2005=100 in Mar 2009 and a record low of 42.429 Dec2005=100 in Oct 1983. Switzerland Consumer Price Index (CPI): RH: Accommodation: Hotel data remains active status in CEIC and is reported by Swiss Federal Statistical Office. The data is categorized under Global Database’s Switzerland – Table CH.I006: Consumer Price Index: December 2005=100.

United Kingdom rose 2% of Number of Hotels Bedrooms in 2019, compared to a year earlier.

Spain Hotel Price Index: 2001=100: Canary Islands data was reported at 113.900 2001=100 in Dec 2008. This records an increase from the previous number of 113.100 2001=100 for Nov 2008. Spain Hotel Price Index: 2001=100: Canary Islands data is updated monthly, averaging 105.350 2001=100 from Jan 2001 (Median) to Dec 2008, with 96 observations. The data reached an all-time high of 115.900 2001=100 in Mar 2008 and a record low of 90.000 2001=100 in Jun 2002. Spain Hotel Price Index: 2001=100: Canary Islands data remains active status in CEIC and is reported by National Statistics Institute. The data is categorized under Global Database’s Spain – Table ES.Q026: Hotel Price Index.

Over the past five years, the Global Hotels and Resorts industry has expanded. The current period started with a pandemic-low revenue level. As business and travel activities gradually resumed, industry revenue surpassed the pre-pandemic level in 2023. However, rising inflation following the pandemic and geopolitical tensions depressed the potential revenue growth. Further, stringent fatal aviation accidents and potential tariff war further deteriorate consumer confidence, inducing them to put off travel plans. Overall, industry revenue is expected to grow at an annualized rate of 14.2% to $1.8 trillion over the five years to 2025, including a 2.4% growth in 2025. In the same year, profit is also expected to reach 18.5%. While the prominence of well-known hotel chains looms over the industry, it still experiences low concentration since it has numerous small independent hotels. Due to low concentration, the industry remains highly competitive, and the steady increase in the supply of new hotel rooms has limited the hotels' ability to raise room prices. However, the industry is changing and continues to become more consolidated. This gives larger chains control over industry parts through loyalty programs and discounted pricing structures. Over the next five years, the largest growth will likely be in Asia and the Pacific, which will help emerging economies surpass several developed economies as favored destinations for tourists. However, uncertainty in some markets, specifically those with political and health risks, will hamper consumer sentiment early during the outlook period, placing pressure on hotels. Further, the potential tariff war between the US and other powerhouses such as China and the EU will likely affect travel rates as these countries strengthen their border control. Even so, more hotels and resorts will be built due to travel rates expected to rise overall, which should drive industry revenue growth. Overall, industry revenue is projected to increase at an annualized rate of 2.2% to $2.0 trillion over the five years to 2030.