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Hotels.com Hotels Price Index Unveils Local Travel Trends & Insights
KUALA LUMPUR, MALAYSIA, 5th November 2015– As Malaysia gears up for the upcoming end-of-year holiday season, Hotels.com unveils local travel trends and insights based on the Hotels.com Hotels Price Index (HPI) report. The HPI is respected as the definitive report on hotels prices paid around the world an is used as a reference tool by the media, hoteliers, financial analytics, investors, tourism bodies and academics. As a leading online accommodation booking website, Hotels.com compared to the numerous ones out there, Hotels.com publishes the HPI report twice a year. It is a regular report based on movements in hotel prices in major destinations across the world. The findings of the HPI are based on bookings made on Hotels.com sites, and prices shown are […]
KUALA LUMPUR, MALAYSIA, 5th November 2015– As Malaysia gears up for the upcoming end-of-year holiday season, Hotels.com unveils local travel trends and insights based on the Hotels.com Hotels Price Index (HPI) report. The HPI is respected as the definitive report on hotels prices paid around the world an is used as a reference tool by the media, hoteliers, financial analytics, investors, tourism bodies and academics. As a leading online accommodation booking website, Hotels.com compared to the numerous ones out there, Hotels.com publishes the HPI report twice a year. It is a regular report based on movements in hotel prices in major destinations across the world. The findings of the HPI are based on bookings made on Hotels.com sites, and prices shown are […]
KUALA LUMPUR, MALAYSIA, 5th November 2015– As Malaysia gears up for the upcoming end-of-year holiday season, Hotels.com unveils local travel trends and insights based on the Hotels.com Hotels Price Index (HPI) report. The HPI is respected as the definitive report on hotels prices paid around the world an is used as a reference tool by the media, hoteliers, financial analytics, investors, tourism bodies and academics.
As a leading online accommodation booking website, Hotels.com compared to the numerous ones out there, Hotels.com publishes the HPI report twice a year. It is a regular report based on movements in hotel prices in major destinations across the world. The findings of the HPI are based on bookings made on Hotels.com sites, and prices shown are those actually paid by customers on a per room/per night basis including taxes and fees, rather then advertised rates.
In a media luncheon with the local media, Nelson Allen, Senior Marketing Director, Asia Pacific for Hotels.com brand says, “As one of the leading destinations in Asia, Malaysia is and has always been a key market for Hotels.com, for both in and outbound travellers”
For 2 consecutive years (2014 H1 & 2015 H1), the city of Kuala Lumpur ranked no. 1 as the popular destination by inbound travellers from all over the world. From a mix of tourist activities, cultural and heritage diversity to gastronomic offerings, Malaysia has much to offer be it for local or foreign travellers.
Overall, travellers were paying an average of RM 306 per night for hotels in Malaysia in the first half of 2015. Among all travellers, travellers from Switzerland were spending the most (RM 425) on average hotel price paid in Malaysia, followed by Norway (RM 402), United Kingdom ( RM 391) and two Asia countries- Hong Kong (RM381) and South Korea (RM378).
“We believe that the recent softening of the Ringgit clearly has an impact on local destinations. Subsequently, Malaysian’s are also noticeably getting back to their roots when it comes to planning vacations” Allen adds.
The softening of the Ringgit doesnt necessarily mean a higher cost of travel. The HPI findings shared during the luncheon was a report conducted between January to June 2015, also revealed that there was a steady drop in hotels prices paid by Malaysian’s in the UAE, France, Macau as well as Malaysian’s all time favorite, Bangkok, Indonesia, Singapore and Hong Kong.
Top destinations (Rankings) for travellers from Malaysia 2015 (H1)
- Bangkok
- Singapore
- Bali
- Hong Kong
- Phuket
- Melbourne
- Krabi
- Seoul
- Tokyo
- Taipei
Overseas Destinations (Rankings) With The Highest Percentage Decrease of Hotel Price Paid by Travellers from Malaysia (2015 H1)
- United Arab Emirates -38%
- France -21%
- Singapore -18%
- Indonesia -12%
- Macau -12%
- Thailand -7%
- Hong Kong -4%
Hotels.com offers a wide range of hotel with the best & attractive prices guaranteed, and has more then 17 million qualified guest reviews. It also has over 85 websites in over 35 languages with a multi-lingual hotlines, for ease of booking and accommodation at any given time. For holidaymakers planning an impromtu trip, Hotels.com will always have 200,000 last minute deals up for grabs at the very last minute.
All in all, dont miss out and download Hotels.com app today! Available on the iOS and Android platform. Become a member today for a special feature that only Hotels.com have!
