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Americans Tend to Pinch Pennies at Home, Splurge Abroad, on Travel
While local economies in our favorite travel destinations may still be feeling the pinch of the global recession – especially in international locales – the hotel industry continues to bounce back (though prices have yet to reach pre-recession levels). According to the annual hotels.com Hotel Price Index the cost to book a room increased by 4 percent worldwide from 2010 to 2011, with the biggest jumps in the Pacific (8 percent) and North America (5 percent).
What really struck us about this year’s survey, however, was the comparison of what different nationalities tend to pay for a hotel room in their own countries versus what they shell out while abroad. Turns out Americans are the second thriftiest when it comes to what they’ll plunk down for a hotel in the U.S. – paying an average of $120/night – while at the same time splurging when traveling outside the country, where they pay around $171/night. (Only Australians, the Japanese, and the Swiss pay more.)