Agoda.com,
one of the world’s leading accommodation sites and part of Nasdaq-listed
Priceline Group (Nasdaq:PCLN), announced today the results of its most recent
Travel Smart study: a trip-planning calendar that helps travelers find the best
hotel deals all over the world.
Based
on booking data from millions of guests who used Agoda.com in 2014, the study
analyzed hotel prices at 25 of the most popular tourist destinations in the
world. For many destinations across the globe, the cheapest time to book hotels
is in the beginning of the year. Average room rates during the first two weeks
of January were below average in 22 of the 25 markets the study looked at.
Though most travelers don’t think of September and October as high season,
those months are often the most expensive months for hotel rooms.
When
to find bargains depends on where you are traveling. Mid-March is a great time
to visit Europe, as hotel rooms in Paris, Berlin, Rome, Amsterdam, Barcelona,
Stockholm and London are as much as 20% cheaper than average. July is
considered high season in many destinations, but hotel rooms in Sydney and New
York are actually cheaper than average then. The last week in December, also
considered high season in most destinations, is also a great time to travel to
Stockholm.
How
much can you save? Price variations from month to month can be significant. On
average, a hotel room in Berlin, for example, costs 51% more in September
compared to January. Visit Barcelona in January and you’ll save 49% off the
average room price. November through February, Istanbul hotels are about 23%
cheaper than average. In June, they’re 21% more expensive.
"For
many travelers, price is the most important factor in deciding when and where
to go. This data can help our customers get the most out of their money,"
said John Brown, Chief Operating Officer of Agoda.com.
Unfortunately,
if you’re traveling to Asia on a budget, you won’t find many low season
bargains. Hotel prices in Asia’s most popular destinations are consistent
throughout the year and discounts aren’t too dramatic. For example, if you’re
traveling to Hong Kong, the biggest discount you’ll get is in May or June, when
average prices are around 11% off.
Across
the globe, the most expensive months for hotel rooms is October, when 21 of the
25 markets studied had higher than average room rates.
The
study looked at booking data for 2014, but certain annual holidays, such as
Chinese New Year and Ramadan, and events, such as the Milan Furniture Fair,
take place on different dates each year and will affect rates.
To
connect with Agoda.com and learn about special deals and promotions on hotels
worldwide, like us on Facebook or follow us on Google+, Instagram, or
Pinterest.
About Agoda Company Pte Ltd
Agoda
Company Pte Ltd (Agoda.com) is a leading Asia-based, online accommodation
reservations company, which specializes in securing the lowest discount
accommodation prices. Agoda.com is part of The Priceline Group (Nasdaq:PCLN).
Agoda.com's network includes more than 750,000 hotels and other accommodation
properties worldwide. The multinational staff of more than 2,000 professionals,
located throughout the world, provides a first-rate reservation service that
uniquely combines local knowledge and local connections to provide the best
accommodation deals to both business and leisure travelers.
A
member of the Pacific Asia Travel Association (PATA), Agoda.com's aim is to
promote travel by making it more affordable and more accessible to more people.
AGODA® is a registered trademark of AGIP LLC, used under license by Agoda
Company Pte. Ltd.
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