You can set your watch by it. Every time an Olympic Games year rolls around, out come the stories about over-priced tickets and soaring hotel prices. I was the main Olympics reporter for the Toronto Star for 15 years or so, and I’ve seen it happen time and time again, from Vancouver to Athens and Sydney to Salt Lake City. Now it’s Paris’s turn to take the brunt of the criticism. The New York Times reports that tickets for the Opening Ceremonies, which will feature a flotilla of barges carrying athletes down the River Seine to the foot of the Read more
hotel prices
Nearly two of three Canadians is planning to travel internationally in the next little while. But hotel rates will continue to climb in 2024. Two reports from different divisions of American Express provide valuable insights for consumers. An AmEx Global Business Travel report says inflation could cause hotel prices to increase by double digits in cities such as Paris and Chicago, while slightly more modest hikes are expected in Canada. Another American Express report says 63% of Canadians plan to travel internationally this year, and that almost 80% of Canadian Gen Z’ers turn to social media for travel inspiration. Here’s Read more
Luxury travel is booming like never before, including high-end cruise trips, and hotel prices are jumping. Virtuoso, the leading global network specializing in luxury and experiential travel, is hosting its 2023 Symposium this week in Montréal. During the event’s General Session, Virtuoso Executive Vice President David Kolner presented proprietary data and industry insights before an audience of the industry’s top professionals from 35 countries. As a sign of travel’s continued rebound, Kolner shared that Virtuoso bookings for 2023 are 91 percent higher than they were in 2019 leading into 2020, and 62 percent higher than 2022. That’s truly remarkable. “With Read more
Move over London, luxury travelers have a new favourite city. Virtuoso, the global leader in luxury and experiential travel, has analyzed intel from its data warehouse exceeding $63.6 billion in transactions and found that while upscale globetrotters continue to book eternal European favourites, Paris has risen to the top as the number one city among luxury leisure travellers. Surpassing both Rome and London, Paris is Virtuoso’s most booked European city in 2022 – a trend that Virtuoso hotel analytics shows continuing into 2023. While New York City was the most booked city overall in 2022 and is pacing 13 percent Read more
London’s prices are falling down. But you’re still much further ahead if try Prague or Bangkok. A new study of hotel prices by hotels.com shows that the Brexit vote has had an effect on hotel costs. The study found that Canadians last year paid an average of $254 a night for a hotel in London, England. That’s down 9% from the 2015 average price of $278. It’s a sizable drop, but $254 Cdn. per night is still a hefty price to pay for a night’s sleep. The hotels.com Hotel Price Index study found you’re much better off in Paris, where Read more
