Hotel prices fall in January

trivago Hotel Price Index

The trivago Hotel Price Index (tHPI) for January 2019 has shown the average hotel price in most major cities has fallen.

The most significant month-on-month decrease registered on the tHPI in January is in New York City, where room prices decreased by 43 percent.

Auckland prices dropped 11 percent, Sydney prices dropped 22 percent and Melbourne prices dropped 10 percent.

Hong Kong room prices declined 19 percent month-on-month, while Tokyo and Dubai both fell 17 percent.