These hotel price predictions for 150 key cities around the world reflect the wide variety of local conditions that travel buyers face when budgeting and managing their corporate lodging programs. Across much of the world, the hotel industry is booming with business and leisure volumes growing, even as international trade tensions continue to dampen the economic outlook. A healthy global hotel construction pipeline should mean, in most cities, that hotel rates remain stable or see only modest rises. However, a number of outlier cities, often with a strong mix of business and leisure demand, are likely to see more pronounced price moves. Also note that these forecasts are made in local currencies: in destinations where inflation rates are volatile, the picture may look significantly different to those buying accommodation using foreign currencies. For analysis of the factors impacting prices at regional, national and city level, read the Hotel Monitor 2020. And, for expert advice on how you can use data insights to optimize your lodging program, read our Putting data to work for your lodging program white paper.

About American Express Global Business Travel

American Express Global Business Travel is the world's leading B2B travel platform, providing software and services to manage travel, expenses, and meetings & events for companies of all sizes. We have built the most valuable marketplace in B2B travel to deliver unrivalled choice, value and experiences. With travel professionals in more than 140 countries, our customers and travelers enjoy the powerful backing of American Express Global Business Travel. Visit amexglobalbusinesstravel.com for more information about Amex GBT. Follow @amexgbt on LinkedIn and Instagram.

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