The city with the most significant month-on-month hotel price increase on the tHPI in February is Barcelona, where travellers will this month pay EUR99 on average for an overnight stay in a standard double room this month, a 24% increase compared to last month. Delhi follows with a 21% increase compared to January, with its average hotel price now at EUR66 per night.
Hotel prices in Sydney increase 20% this month compared to last month, which translates into EUR157 for a standard double room per night, while Amsterdam registers the fifth largest rise and where the average price for an overnight stay has risen 17% to reach EUR126. Taipei City and Miami both register a 15% increase in the price of a standard double room per night this month compared to last to reach EUR92 and EUR167, respectively.
At the other end of the scale, Auckland sees the most significant month-on-month drop in hotel prices in February, with the average overnight rate for a standard double room falling 40% in the tHPI to EUR65. It is followed by Cairo, though its average February overnight rate of EUR94 is only a 9% decline on Jan-2019 prices.
Travellers visiting Paris this month will also pay on average EUR94 for a standard double room per night, or 6% less than in January. The same trend of decreased hotel prices versus Jan-2019 also applies to Istanbul and New York City, where average hotel prices have fallen 4% in both cities to EUR55 and EUR130 euros per night, respectively. In both Vienna and Rome average hotel prices have dropped by 3% month-on-month, falling to EUR91 and EUR74, respectively.
The significant month-on-month decline in Auckland also sees it record the biggest year-on-year hotel price drop on the tHPI for Feb-2019, with an average rate this month for a standard double room of EUR65 euros per night representing a 57% decrease compared to Feb-2018.
Rio de Janeiro also sees its own average hotel prices fall by a quarter year-on-year with a 26% decrease compared to this month last year, with an average rate per night of EUR74. Elsewhere, with an average price of EUR123 for a standard double room per night this month, Cape Town shows a 23% year-on-year price decrease in its hotel rates.
Of the cities listed, the only European city to report a year-on-year decrease in its hotel prices greater than 20% this February is Reykjavik, where the average hotel rate per night for a standard double room has dropped by 21% to EUR136. Mumbai completes the list of the five cities with the most significant year-on-year hotel price drops this February with an average overnight price of EUR81, a 12% decrease compared to this month last year.