Hotel rates in major cities across the globe continue to rise

According to the Hotel Monitor 2024 report, hotel prices are expected to rise in as many as 80 cities around the world. — Pixabay

Hotel room rates in major cities from Boston (Massachusetts, in the United States) to Mumbai (India) are expected to jump by double digits, even after predictions that prices were finally hitting a ceiling, according to a new report.

Buenos Aires (Argentina) takes this year’s crown, with rates that are set to jump by 17% year over year, according to the Hotel Monitor 2024 report from American Express Global Business Travel. It examines how hotel prices are fluctuating in more than 80 cities around the world, with forecasts based on criteria such as currently listed prices, broader macroeconomic trends, hotel pipelines and historic data.