Canadian hotel prices up in 2015: Hotels.com

According to Hotels.com, Canadian hotels reported a five per cent increase in prices paid in the first half of 2015, to an average of $166 per night amongst all travellers, both international and domestic.

For the first time, hotel prices paid in three world regions have overtaken their pre-financial crisis levels of 2008-09, with North America, the Caribbean and Latin America setting new records, although the overall global rise is up just one per cent in the first half of 2015 compared to the same period in 2014, according to the latest Hotel Price Index from Hotels.com.

More travellers, higher consumer spending in key areas and strong currency fluctuations have all contributed to this result, the report said.

Looking at the top 50 most popular Canadian cities for domestic travel, the biggest increases in pricing, upwards of 10 per cent, were found in Golden, BC; Vancouver, BC  and Banff, AB. The largest reported decrease was in Fort McMurray, down 18 per cent year-over-year, which the report attributed to the sharp drop in oil prices.

Within the 50 most popular international destinations, Canadian travellers to Shanghai experienced the highest increase in average prices paid for accommodation at 28 per cent more in the first half of 2015. This was followed by Los Angeles and Nashville, at 21 per cent and 20 per cent respectively.

On the other end of the spectrum, travellers found deals in exotic locales like Bali and Florence, paying an average of 18 per cent less in 2015.

The full report can be found here.