Tour operator, Dertour, has released the 2020 Hotel Price Index. The dataset reveals the current cost of a range of hotel and vacation homes in 75 popular destinations, including a 2019 price comparison looking at pre-Covid19 accommodation prices. The travel agency has witnessed firsthand the implications of the pandemic on both the industry and travelers, and since restrictions have eased, have been working hard to offer their customers the most up-to-date information about the safe travel options available.
In doing so, Dertour noted a significant shift in accommodation pricing, and decided to undertake a study to see how these changes are reflected in the market overall. This dataset is designed not only to inform prospective travelers about the options available and the prices they should expect to find, but also to help raise awareness about the considerable drop in prices between 2020 and 2019, which is reflective of the current struggle facing the entire travel industry.
This dataset takes into account travel restrictions for German citizens from August 2020, so Dertour advises all prospective travellers to always check with the Auswärtiges Amt, or their relevant local health authority, before planning any journey.
How the study was conducted:
The study began by compiling a list of some of the most popular holiday destinations around the world and selecting 75 cities. Next, the prices of available properties in each of these locations was collected, to determine the average median price for accommodation. How far the price deviated above or below from the median among the cities in the study was then calculated.
To provide further details for travellers considering a future holiday in these destinations, the results are broken down by the median price per night for a three, four or five-star hotel, as well as a vacation home.
Since extra features are often a booking incentive, the price of hotels in each city that offered complimentary breakfast or a swimming pool were also included, as well as their average star rating.
Once all this data on the current situation was compiled, Dertour thought it would also be interesting to see whether prices had changed significantly from before and during the pandemic. Using accommodation data from the same period in 2019, the travel agency was able to calculate the percentage difference between the mid-point of these prices for each city. The results show that with the exception of a few locations, the mid-point price for a night stay went down substantially between the two years, even though cleaning schedules and room limitations would have increased.
Source: Sweet Spot PR