Staying in luxurious lodgings doesn’t have to break the bank. MainStreet uses data from Hotel.com’s recent Hotel Price Index to find destinations around the world with the most affordable five-star hotels.
With Memorial Day weekend just around the corner, and summer officially starting in a few weeks, many Americans feel the urge to treat themselves to a nice vacation, but doing so will likely cost more now than it has in recent years. The downside of the economic recovery is that there has been an increased consumer demand for travel, pushing the average price of hotels up by 2% globally in 2010, according to data from Hotels.com, which monitors the industry. Airfare prices have spiked as well, both due to increasing demand and as a result of rising fuel costs. Despite these price increases, it is still possible for travelers to indulge in a little luxury for a few days without completely breaking the bank. MainStreet used data from Hotels.com’s Hotel Price Index from March of this year to find the cities around the world where five-star hotels are the most affordable. The data is based on an average of all the bookings made on the site throughout 2010 for nearly 20,000 locations worldwide. Not only are many of the cities that made the list for luxury deals big tourist attractions, the hotels all average less than $200 a night. Photo Credit: Unique Hotels Group