The steepest hotel price rise month-on-month is seen in Frankfurt am Main, Germany, which is up 52.75% thanks to the numerous trade shows taking place in the January. Frankfurt am Main was hit quite hard by the global financial crisis in 2010 but looks be rebounding in 2011 with average nightly rates up from $91.33 to $139.54.
Fort Lauderdale, USA will see room rates rise 30.83% (up from $106.51 to $139.35) this January, as over 100,000 art lovers descend on the city for the Las Olas Art Festival. The festival features works from over 300 local and international artists and is one of the city’s biggest annual events.
Prices are up and will continue to rise 28.66% (up from $184.82 to $237.79) as Punta Cana, Dominican Republic enters its peak season. Low rainfall and high temperatures means tourists will flock to the local beaches and hotels will be running at high occupancy. Expect this trend to continue until rainy season in March.
| Biggest Price Rises in January 2011 Month-On-Month | ||||||
|---|---|---|---|---|---|---|
| City | Average Room Price December 2010 (USD) |
Average Room Price January 2011 (USD) |
Percentage Change Month-On-Month(USD) |
Average Room Price December 2010 (Local Currency) |
Average Room Price January 2011 (Local Currency) |
Percentage Change Month-On-Month (Local Currency) |
| Frankfurt am Main | $91.33 | $139.54 | +28.66% | €67.95 | €104.85 | +54.3% |
| Hannover | $89.93 | $119.44 | +30.49% | €66.94 | €88.90 | +32.8% |
| Fort Lauderdale | $106.51 | $139.35 | +30.83% | $106.51 | $139.35 | +30.83% |
| Kota Kinabalu | $71.05 | $92.72 | +32.81% | RM223.14 | RM291.28 | +30.53% |
| Punta Cana | $184.82 | $237.79 | +52.78% | RD$6899.84 | RD$8899.55 | +28.98% |
