A new survey reveals that the cost of 3, 4 and 5-star hotels and vacation homes in 75 popular destinations have drastically fallen due to the impact of Covid-19.
Amsterdam, Netherlands showed a 51.6% drop in price compared to 2019. Although some travel restrictions exist depending on the outbound country, the least expensive accommodation can still be found in Phuket, Thailand ($29.38), Delhi, India ($34.08) and Kuala Lumpur, Malaysia ($36.43).
Although some travel restrictions exist depending on the outbound country, the most expensive accommodation can be found in Zurich, Switzerland ($246.76), and US cities Los Angeles ($237.36) and New York ($231.48), which remain high despite the pandemic.
The study was conducted by German tour operator Detour. 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.
Study Methodology: 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.
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.
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 travellers 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.
