State of global hotel pricing - H2 2023

End of year market snapshot of hotel room rates by Lighthouse


What is in the report?

  • Examination of historic, current and future hotel room and short-term rental prices

  • Comparison of regional room pricing for H2 2023 versus 2019, 2022 and H1 2024

  • Comparison of best and worst performing global destinations for room pricing in H2 2023 versus 2019, 2022 and H1 2024

Why should I read it?

The first half of 2023 showed steady growth in pricing for the global hotel industry but it appears that the second half of 2023 has showed signs of that slowing down.

Despite this softening of rates, certain regions and sectors still demonstrated robust performance.

As intriguing trends begin to emerge, we offer you a glimpse into the key patterns of hotel room pricing across the globe for the second half of 2023. We also compare these findings to the rates observed in previous years, and forecast what we can expect in the first half of 2024.

Gain valuable insights and see how your property stacks up in this ever-changing landscape.