Travelers Profit From Recession

For travelers who have not lost money during the current economic crisis, recession is a godsend. Hotels across the world, who are affected by a decline in occupancy, are lowering their prices.

Hotels are lowering their prices for hotel rooms on average by 17%. According to the price index for hotels published today on Hotels.com, this decrease is the lowest they have seen in the last 5 years and comes as no surprise that it is due to the recession.

The study involved 78 000 hotels in over 13 000 destinations worldwide, and thus represents an accurate picture of the market.

"", said David Roche, president of Hotels.com.

To further demonstrate the impact of the recession, Roche said that Moscow and New York, two cities with the most expensive hotel rooms, have recorded a decrease in their rooms of 39% and 23%, respectively.