Book that holiday: survey shows hotel prices have sunk

tourists checking in at the airport. Average room prices across the globe fell 17 percent in the six months to June compared to the same 2008 period. Reuters photo.
Don’t put off those plans to travel around the world much longer — a new survey shows hotel prices are at their lowest in over five years, thanks, in part, to the economic downturn.
The latest Hotel Price Index (HPI), by hotel booking website Hotels.com, found average room prices across the globe fell 17 percent in the six months to June compared to the same 2008 period, and to the same levels as 2003, as the economic crisis kept away guests. (More …)