The Caribbean saw the largest spike ever recorded in the website’s Hotel Price Index (HPI), which has followed the trends of the industry since 2004. On average, customers at the region’s hotels paid 6 percent more during the first half of this year than in the same period in 2013. Europe and the Middle East, meanwhile, saw a 5 percent price increase, which according to Hotels.com EMEA Vice President Matthew Walls reflects the “fastest growth rate we have seen for six years.” Conversely, hotel rates in the Asia-Pacific region were fairly stable compared with the previous year.
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