Hotel Price Index™

March 2011
Insights

USD Local Currency

Average Average Change Average Average Change

Biggest price falls in March Month-On- City
Room Price Room Price Month-On- Room Price Room Price Month-On-
Month
Feb 2011 Mar 2011 Month Feb 2011 Mar 2011 Month

›› Nuremberg, Germany - down 25.26%

Nuremberg $149.45 $111.71 -25.26% € 110.88 € 82.79 -25.34%
from $149 to $112
›› Macau, China - down 14.72% from $133 Macau $132.90 $113.35 -14.72% ¥ 881 ¥ 750.55 -14.81%
to $113
›› K
 rabi, Thailand - down 13.41% from $93 Krabi $93.33 $80.82 -13.41% TBB 2875.76 TBB 2489.24 -13.45%
to $81
›› Hanoi, Vietnam - down 12.91% Hanoi $57.36 $49.96 -12.91% VND 1128642 VND 995134 -11.83%
from $57 to $50
›› *Cairo, Egypt - down 13.60% from $114 *Cairo $114.33 $98.79 -13.60% £ 667.91 £ 577.20 -13.59%
to $99

*WARNING: Please check your government’s tourism website for travel warnings regarding Egypt before booking. Hotel
rates are down, but this is a result of political instability in the country and may not be considered a “Best deal destination”

2 HotelsCombined.com
Hotel Price Index™ March 2011
Insights

USD Local Currency

Biggest price falls in March Year-On- City

Average Average
Change
Average Average
Change
Year Room Price Room Price Room Price Room Price
Year-On-Year Year-On-Year
Mar 2010 Mar 2011 Mar 2010 Mar 2011

›› Cairo, Egypt - down 20.53% from $124

to $99 Cairo $124.30 $98.79 -20.53% £ 686.89 £ 577.20 -15.97%

›› Hamburg, Germany - down 19.31% from

$123 to $99 Hamburg $123.46 $99.63 -19.31% € 88.60 € 73.82 -16.69%

›› Warsaw, Poland - down 16.30% from

$94 to $79 Warsaw $93.79 $78.51 -16.30% zł 271.18 zł 228.62 -15.70%

›› Cebu City, Philippines - down 15.87%

Cebu City -15.87% -20.06%
from $56 to $47 $55.53 $46.72 PHP 2569.81 PHP 2054.35

›› Phi Phi Island, Thailand - down 15.12%

Phi Phi Island $132.09 $112.12 -15.12% THB 4393 THB 3456 -21.32%
from $132 to $112

3 HotelsCombined.com
Hotel Price Index™ March 2011
Insights

USD Local Currency

Average Average Change Average Average Change

Biggest price rises in March Year-On- City
Year Room Price Room Price Month-On- Room Price Room Price Month-On-

Mar 2010 Mar 2011 Month Mar 2010 Mar 2011 Month

›› Rio de Janeiro - up 48.75% from

$136 to $203 Rio de Janeiro $136.15 $202.53 +48.75% R$ 245.35 R$ 343.54 +40.02%

›› C
 ardiff, United Kingdom - up 32.46%
from $125 to $166 Cardiff $125.19 $165.83 +32.46% £ 79.78 £ 104.59 +31.09%

›› S
 hanghai, China - up 32.20% from $86
Shanghai $86.37 $112.46 +30.20% ¥ 590.43 ¥ 742.26 +25.71%
to $112
›› N
 ew Orleans, USA - up 28.62% from
New Orleans $121.66 $156.48 +28.62% $121.66 $156.51 +28.64%
$122 to $156
›› B
 eijing, China - up 27.75% from $73 to Beijing $73.20 $93.52 +27.75% ¥ 500.44 ¥ 618.83 +23.65%
$94

4 HotelsCombined.com
Hotel Price Index™ March 2011
Biggest movers by year

USD Local Currency

City
Mar 2010 Mar 2011 % Change Currency Mar 2010 Mar 2011 % Change

Cairo 124.3 98.79 -20.53% EGP 686.89 577.2 -15.97%

Hamburg 123.46 99.63 -19.31% EUR 88.6 73.82 -16.69%
Warsaw 93.79 78.51 -16.30% PLN 271.18 228.62 -15.70%
Cebu City 55.53 46.72 -15.87% PHP 2569.81 2054.35 -20.06%
Phi Phi Island 132.09 112.12 -15.12% THB 4393.16 3456.65 -21.32%
Ho Chi Minh City 79.99 68.23 -14.71% VND 1507741.49 1349979.53 -10.47%
Bandung 68.89 59.29 -13.94% IDR 639834.49 537951.95 -15.93%
Paphos 95.59 82.42 -13.78% EUR 68.99 61.21 -11.28%
Hanoi 57.68 49.96 -13.39% VND 1087093.58 995134.48 -8.46%
Porto 72.92 63.28 -13.22% EUR 51.8 46.96 -9.35%
Rio de Janerio - up 48.75% YOY
Sydney 159.93 190.15 +18.89% AUD 177.54 192.03 +8.16%
Chiang Mai 50.35 59.91 +18.98% THB 1678.19 1843.44 +9.84%
Brisbane 134.2 160.27 +19.42% AUD 148.84 161.4 +8.43%
Vancouver 102.15 123.8 +21.19% CAD 106.73 123.5 +15.71%
Bali 99.79 122.35 +22.60% IDR 933410.16 1112054.75 +19.13%
Singapore 117.3 143.84 +22.62% SGD 164.67 185.69 +12.76%
Limassol 93.9 115.57 +23.07% EUR 68.06 85.42 +25.50%
Varadero 138.29 170.22 +23.08% CUP 3201.24 3922.73 +22.53%
Gold Coast 122.65 151.51 +23.53% AUD 136.25 152.91 +12.22%
Lake Buena Vista 82.99 104.51 +25.93% USD 82.99 104.52 +25.94%
Beijing 73.2 93.52 +27.75% CNY 500.44 618.83 +23.65%
New Orleans 121.66 156.48 +28.62% USD 121.66 156.51 +28.64%
Shanghai 86.37 112.46 +30.20% CNY 590.43 742.26 +25.71%
Cardiff 125.19 165.83 +32.46% GBP 79.78 104.59 +31.09%
Rio de Janeiro 136.15 202.53 +48.75% BRL 245.35 343.54 +40.02%
Cairo - down 20.53% YOY

5 HotelsCombined.com
Hotel Price Index™ March 2011
Biggest movers by month

USD Local Currency

City
%
Feb 2011 Mar 2011 % Change Currency Feb 2011 Mar 2011
Change

Nuremberg 149.45 111.71 -25.26% EUR 110.88 82.79 -25.34%

Macau 132.9 113.35 -14.72% CNY 881 750.55 -14.81%
Cairo 114.33 98.79 -13.60% EGP 667.91 577.2 -13.59%
Krabi 93.33 80.82 -13.41% THB 2875.76 2489.24 -13.45%
Hanoi 57.36 49.96 -12.91% VND 1128642 995134 -11.83%
Munich 118.44 103.27 -12.81% EUR 87.81 76.41 -12.99%
Hua Hin 124.9 109.52 -12.32% THB 3834.31 3371.85 -12.07%
Dusseldorf 133.83 119.75 -10.53% EUR 99.27 88.93 -10.42%
Marseille 126.97 113.85 -10.34% EUR 93.33 83.81 -10.21%
Phuket 113.7 102.45 -9.90% THB 3489.32 3154.53 -9.60% Macau - down 14.72% month-on-month

Tel Aviv 138.36 124.84 -9.78% USD 138.36 124.84 -9.78%

Kota Kinabalu 90.19 81.62 -9.51% MYR 280.56 252.58 -9.98%
Gran Canaria 115.9 104.94 -9.46% EUR 86.46 78.16 -9.60%
Langkawi 126.99 115.46 -9.08% MYR 393.72 356.56 -9.44%
Kuching 55.93 50.95 -8.91% MYR 173.03 157.27 -9.11%
Binz 98.62 90.34 -8.40% EUR 72.85 66.76 -8.36%
Beirut 152.14 139.58 -8.26% LBP 230913 211767 -8.30%
Paphos 89.54 82.42 -7.96% EUR 66.37 61.21 -7.78%
Garmisch-Partenkirchen 155.13 143.11 -7.75% EUR 114.78 105.75 -7.87%
St Petersburg 85.12 78.58 -7.69% RUB 2551.65 2351.06 -7.87%
Niagara Falls 126.46 147.35 +16.51% CAD 125.75 145.94 +16.05%

Nuremberg - down 25.26% month-on-month

6 HotelsCombined.com
Hotel Price Index™ March 2011
Biggest movers by month
(Continued)
USD Local Currency
City
%
Feb 2011 Mar 2011 % Change Currency Feb 2011 Mar 2011
Change

Cologne 111.69 130.2 +16.57% EUR 82.76 96.55 +16.66%

Sousse 24.38 28.46 +16.73% CAD 35.18 41.08 +16.77%
Antalya 78.94 92.79 +17.54% EUR 120.86 143.88 +19.04%
Chicago 110.32 130.51 +18.30% TND 110.32 130.39 +18.19%
Limassol 97.33 115.57 +18.74% TRY 71.96 85.42 +18.70%
New Orleans 131.48 156.48 +19.01% USD 131.48 156.51 +19.03%
Acapulco 88.76 106.3 +19.76% EUR 1088.89 1302.23 +19.59%
Washington D.C. 132.27 160.79 +21.56% USD 132.27 160.97 +21.69%
Negril 138.96 169.37 +21.88% MXN 12029.15 14660.71 +21.87%
Geneva 197.17 242.13 +22.80% USD 189.68 234.23 +23.48% Hannover - up 53.71% month-on-month
Adelaide 145.81 179.91 +23.38% JMD 146.36 179.92 +22.92%
Montego Bay 184.52 227.92 +23.52% CHF 15962.28 19726.41 +23.58%
Rio de Janeiro 163.83 202.53 +23.62% AUD 277.66 343.54 +23.72%
Leipzig 72.66 91.17 +25.47% JMD 53.85 67.54 +25.42%
Alanya 31.87 40.49 +27.04% BRL 49.8 63.49 +27.48%
Beijing 73.52 93.52 +27.20% EUR 486.68 618.83 +27.15%
Cardiff 124.51 165.83 +33.18% TRY 78.54 104.59 +33.16%
Nha Trang 95.94 129.35 +34.82% CNY 1887665.51 2562571.44 +35.75%
Shanghai 82.63 112.46 +36.10% GBP 546.88 742.26 +35.72%
Salvador 106.73 149.12 +39.71% VND 180.63 252.56 +39.82%
Bologna 91.2 138.51 +51.87% CNY 67.64 102.8 +51.98%
Hannover 95.12 146.21 +53.71% BRL 70.3 108.47 +54.29%
Bologna - down 17.31% month-on-month

7 HotelsCombined.com
Hotel Price Index™ March 2011
Hotel Price Index by City | A - B
USD Local Currency
City Oct Nov Dec Jan Feb Mar Oct Nov Dec Jan Feb Mar
Currency
2010 2010 2010 2011 2011 2011 2010 2010 2010 2011 2011 2011
Abu Dhabi 151.42 186.24 156.41 147.29 164.18 176.45 AED 556.28 684.16 574.59 541.09 603.15 648.22
Acapulco 80.00 82.35 95.00 94.11 88.76 106.30 MXN 1012.20 1031.5 1187.85 1169.62 1088.89 1302.23
Adelaide 136.98 154.46 146.93 151.34 145.81 179.91 AUD 146.84 159.37 153.73 153.60 146.36 179.92
Agadir 74.41 70.32 68.66 67.22 67.01 71.61 MAD 637.83 582.35 572.33 568.60 563.20 600.04
Albufeira 61.21 62.16 60.53 51.92 48.95 48.11 EUR 46.67 45.05 44.41 38.86 36.36 35.84
Amsterdam 143.73 133.69 128.20 134.00 117.31 128.28 EUR 108.40 97.77 94.86 100.02 87.09 95.29
Anaheim 83.46 83.20 83.91 87.52 81.24 89.52 USD 83.46 83.20 83.91 87.52 81.24 89.59
Antalya 108.61 82.82 80.64 77.74 78.94 92.79 TRY 163.39 119.75 117.47 117.86 120.86 143.88
Antwerp 112.12 115.84 108.86 111.67 109.82 120.22 EUR 82.93 83.93 80.67 83.69 81.29 90.00
Athens 109.77 100.21 102.95 95.29 93.65 101.59 EUR 82.45 73.14 76.58 71.75 69.36 75.710
Auckland 95.43 105.01 93.27 97.41 101.73 109.73 NZD 131.16 140.87 124.88 130.10 133.92 144.27
Bali 159.07 109.45 118.03 122.46 112.71 122.35 IDR 1034294 984067 1061647 1088747 1025617 1112054
Bandung 83.50 66.76 84.36 67.01 62.98 59.29 IDR 552639 570471 612167 610881 573557 537951
Bangkok 62.65 66.30 66.12 67.51 68.29 67.37 THB 1958.28 2031.26 2021.91 2059.14 2096.94 2072.48
Barcelona 129.54 116.96 109.62 108.12 118.27 123.23 EUR 98.73 86.16 81.25 81.05 88.05 91.48
Beijing 76.48 74.33 75.11 71.90 73.52 93.52 CNY 516.92 497.80 501.98 478.70 486.68 618.83
Beirut 145.62 181.05 166.13 167.35 152.14 139.58 LBP 221411 274388 251546 253837 230913 211767
Benalmadena 80.47 61.14 65.77 63.12 61.50 62.25 EUR 61.29 44.48 48.06 46.98 45.85 46.16
Benidorm 85.95 75.85 75.23 87.09 78.62 79.63 EUR 65.54 55.10 54.70 64.61 58.49 59.09
Berlin 94.37 88.72 95.06 94.20 88.55 94.67 EUR 71.13 65.35 70.63 70.69 65.71 70.25
Birmingham 88.98 96.87 93.05 93.59 93.46 97.11 GBP 56.80 61.18 59.05 59.91 58.77 60.95
Blackpool 103.24 93.37 90.27 90.42 83.35 82.62 GBP 65.96 59.01 57.46 57.75 52.43 51.85
Boracay 79.61 78.83 85.85 90.86 86.75 83.43 PHP 3583.33 3493.65 3795.44 4009.49 3829.11 3675
Boston 207.69 165.10 139.30 148.11 141.82 145.84 USD 207.69 165.10 139.30 148.11 141.82 145.84
Bremen 104.06 98.08 105.99 95.01 97.98 99.80 EUR 77.86 71.69 78.54 70.78 72.36 73.71

8 HotelsCombined.com
Hotel Price Index™ March 2011
Hotel Price Index by City | B - F
USD Local Currency
City Oct Nov Dec Jan Feb Mar Oct Nov Dec Jan Feb Mar
Currency
2010 2010 2010 2011 2011 2011 2010 2010 2010 2011 2011 2011
Brisbane 145.31 153.8 144.61 132.41 151.52 160.27 AUD 155.24 159.88 149.91 134.75 152.48 161.40
Bruges 137.59 125.34 117.83 114.79 120.75 118.7 EUR 104.72 91.65 86.76 85.84 89.79 88.33
Brussels 117.17 113.53 108.22 106.29 116.53 115.41 EUR 88.06 82.87 79.92 79.75 86.32 85.47
Bucharest 79.39 90.23 84.97 84.41 80.74 90.17 RON 254.4 280.73 271.21 272.87 255.95 284.74
Budapest 77.6 78.86 79.25 79.92 73.06 78.75 HUF 16493 16229 16311 16585 14926 16099
Buenos Aires 96.57 100.57 98.23 100.59 95.37 109.08 ARS 381.73 397.09 388.99 399.07 379.59 434.33
Cairns 117.6 122.44 114.68 116.6 114.25 112.11 AUD 126.8 127.03 119.66 119.32 115.56 113.66
Cairo 130.8 129.93 119.22 114.54 114.33 98.79 EGP 750.04 749.34 690.49 667.23 667.91 577.2
Cancun 115.96 121.85 136.44 143.43 134.39 139.34 MXN 1470.18 1534.76 1707.62 1791.82 1651.76 1710.05
Cape Town 121.42 126.22 116.97 130.54 129.14 122.72 ZAR 875.37 894.11 829.26 913.22 908.89 865.99
Cardiff 114.54 148.61 116.1 102.83 124.51 165.83 GBP 73.4 93.88 73.69 65.85 78.54 104.59
Cebu City 42.61 45.86 46.14 50.86 48.6 46.72 PHP 1895.99 2009.3 2029.92 2242.09 2143.54 2054.35
Chiang Mai 48.45 54.44 50.29 53.33 53.38 59.91 THB 1512.94 1672.33 1535.57 1628.34 1642.27 1843.44
Chicago 153.58 143.75 116.26 120.84 110.32 130.51 USD 153.58 143.75 116.26 120.84 110.32 130.39
Christchurch 81.49 95.49 80.7 89.45 90.62 89.56 NZD 112.69 128.66 108.01 119.85 119.67 118.11
Cologne 113.83 106.08 110.51 113.47 111.69 130.2 EUR 84.82 77.49 82.11 85.37 82.76 96.55
Copenhagen 131.09 135.94 137.15 122.24 124.3 124.48 DKK 740.08 746.33 765.72 684.76 690.85 689.12
Doha 184.17 170.2 162.85 150.27 189.31 179.73 QAR 671.78 619.88 593.23 547.66 689.87 654.82
Dresden 89.83 90.74 99.29 84.83 81.47 81.16 EUR 66.41 65.72 73.23 63.83 60.3 60.19
Dubai 157.92 162.25 153.96 156.5 165.98 175.78 AED 580.15 596.05 565.59 574.92 609.77 646.68
Dublin 97.14 100.31 96.39 93.95 95.45 103.18 EUR 73.71 73.61 71.49 70.58 70.99 76.78
Durban 86.83 81.56 101.35 107.81 86.23 88.97 ZAR 623.75 575.13 715.79 745.92 612.28 629.65
Dusseldorf 144.78 146.32 98.37 105.04 133.83 119.75 EUR 108.66 107.86 73 78.85 99.27 88.93
Edinburgh 128.18 123.32 125.86 129.88 139.41 130.6 GBP 82.49 78.25 79.84 82.83 87.88 82.12
Fez 75.73 75.69 80.03 74.24 73.83 80.75 MAD 645.77 629.25 667.93 626.68 619.68 671.14

9 HotelsCombined.com
Hotel Price Index™ March 2011
Hotel Price Index by City | F - H
USD Local Currency
City Oct Nov Dec Jan Feb Mar Oct Nov Dec Jan Feb Mar
Currency
2010 2010 2010 2011 2011 2011 2010 2010 2010 2011 2011 2011
Florence 117.87 101.53 107.06 109.59 97.06 108.67 EUR 89.57 75.00 79.53 82.01 72.26 80.58
Fort Lauderdale 97.46 105.68 106.51 128.71 122.37 126.08 USD 97.46 105.68 106.51 128.71 122.37 125.98
Frankfurt am Main 106.99 100.17 91.33 135.79 126.34 127.80 EUR 80.69 73.53 67.95 102.52 93.71 94.75
Fuengirola 72.68 58.81 54.08 55.05 57.35 56.43 EUR 55.59 42.79 39.83 41.20 42.82 42.01
Fuerteventura 80.77 85.94 82.48 82.49 83.95 82.73 EUR 62.18 63.03 60.99 61.89 62.52 61.56
Funchal 79.44 82.66 96.04 95.42 87.27 86.21 EUR 60.94 60.97 71.51 71.83 65.11 64.15
Gdansk 80.21 75.53 72.63 71.40 75.51 80.54 PLN 239.74 218.38 213.64 212.65 220.2 234.21
Geneva 207.39 196.92 186.95 189.32 197.17 242.13 CHF 208.05 193.53 184.93 184.23 189.68 234.23
Genting Highlands 72.98 83.12 97.49 77.24 82.99 80.54 MYR 228.94 259.57 305.85 240.71 255.55 247.58
Glasgow 106.29 110.71 103.73 93.94 98.15 104.01 GBP 68.44 70.01 66.07 60.10 61.82 65.07
Gold Coast 140.73 138.15 160.72 172.96 144.47 151.51 AUD 152.29 145.16 167.98 177.99 146.22 152.91
Gran Canaria 95.83 104.08 109.62 102.89 115.90 104.94 EUR 73.38 77.50 81.43 76.99 86.46 78.16
Granada 90.47 79.21 91.56 79.80 80.03 86.22 EUR 68.42 58.21 67.36 59.89 59.27 63.99
Guangzhou 89.62 83.43 65.01 60.97 62.68 61.40 CNY 603.29 558.83 434.13 405.64 414.18 405.03
Hamburg 97.19 92.54 98.60 99.73 97.12 99.63 EUR 71.98 67.20 72.68 75.05 71.93 73.82
Hammamet 60.62 42.11 51.39 47.86 43.85 45.31 TND 88.75 60.02 74.15 69.68 63.17 65.21
Hanoi 53.21 62.91 57.53 58.19 57.36 49.96 VND 1039577 1230069 1130167 1143262 1128642 995134
Havana 85.43 105.05 120.77 106.67 104.78 112.68 CUP 1977.59 2431.79 2795.59 2469.11 2425.36 2608.24
Helsinki 118.41 119.81 116.66 112.12 116.16 120.96 EUR 88.41 87.05 86.74 84.02 85.94 89.55
Ho Chi Minh City 62.12 65.41 67.04 69.03 68.05 68.23 VND 1214221 1281265 1314510 1356185 1340169 1349979
Hobart 124.51 124.58 146.91 151.52 143.91 147.04 AUD 133.69 131.65 153.35 156.82 145.39 148.47
Hong Kong 121.76 112.78 123.13 118.57 113.91 117.87 HKD 945.68 875.40 955.87 921.19 885.88 917.15
Honolulu 131.95 135.67 139.97 139.39 144.36 139.37 USD 131.95 135.67 139.97 139.39 144.36 139.34
Hua Hin 102.96 125.37 127.74 119.83 124.90 109.52 THB 3221.09 3836.31 3911.51 3669.45 3834.31 3371.85
Hurghada 99.03 79.81 81.06 80.30 79.24 84.34 EGP 567.11 459.63 468.77 466.56 462.51 492.46

10 HotelsCombined.com
Hotel Price Index™ March 2011
Hotel Price Index by City | I - M
USD Local Currency
City Oct Nov Dec Jan Feb Mar Oct Nov Dec Jan Feb Mar
Currency
2010 2010 2010 2011 2011 2011 2010 2010 2010 2011 2011 2011
Istanbul 125.00 114.33 111.82 104.83 101.83 104.81 TRY 185.85 165.12 164.44 157.60 158.25 163.66
Ixtapa Zihuatanejo 119.35 119.71 144.16 147.25 134.10 134.88 MXN 1516.20 1502.96 1806.41 1827.37 1636.71 1647.60
Jakarta 135.11 79.62 71.25 81.39 77.95 79.82 IDR 690008 667057 645828 694921 709489 725591
Jerusalem 127.44 129.30 133.72 126.81 131.28 126.91 USD 127.44 129.30 133.72 126.81 131.28 126.91
Key West 177.13 152.47 163.55 170.2 199.35 197.03 USD 177.13 152.47 163.55 170.20 199.35 197.01
Kissimmee 51.34 57.07 61.65 53.70 54.41 60.9 USD 51.34 57.07 61.65 53.70 54.41 60.90
Koh Samui 96.33 91.43 103.00 107.29 102.66 105.04 THB 3040.58 2829.55 3177.88 3297.66 3151.79 3230.26
Kota Kinabalu 82.99 77.4 71.08 87.25 90.19 81.62 MYR 262.27 242.16 223.23 272.68 280.56 252.58
Krabi 59.59 79.21 92.73 98.14 93.33 80.82 THB 1875.08 2434.03 2859.31 3013.72 2875.76 2489.24
Krakow 85.68 75.65 72.43 72.09 70.55 70.75 PLN 259.01 219.90 215.01 214.50 208.17 206.90
Kuala Lumpur 75.65 78.47 76.69 75.42 77.11 78.20 MYR 238.79 245.27 240.77 235.93 238.59 240.98
Kuching 51.25 55.17 54.52 55.75 55.93 50.95 MYR 161.07 172.95 171.11 174.02 173.03 157.27
Kyoto 142.54 179.19 142.82 147.29 137.16 152.49 JPY 12207 15077 11900 12224 11362 12638
Lake Buena Vista 94.01 91.46 91.96 97.54 102.40 104.51 USD 94.01 91.46 91.96 97.54 102.40 104.52
Langkawi 118.22 116.51 107.46 125.92 126.99 115.46 MYR 374.80 365.61 338.60 394.55 393.72 356.56
Lanzarote 87.25 87.33 93.31 85.73 86.72 85.99 EUR 66.77 64.53 69.13 64.25 64.65 63.88
Las Vegas 104.92 93.82 92.16 107.45 96.96 108.37 USD 104.92 93.82 92.16 107.45 96.96 108.35
Lisbon 96.24 82.72 87.84 85.84 81.33 84.68 EUR 72.75 60.81 65.28 64.34 60.63 62.90
Liverpool 115.47 123.02 110.35 109.64 117.96 114.81 GBP 73.87 77.78 69.96 69.92 74.46 72.09
London 151.29 162.59 155.31 144.13 151.16 152.09 GBP 97.15 102.92 98.47 91.85 95.33 95.53
Los Angeles 93.01 92.74 92.35 95.33 103.72 104.14 USD 93.01 92.74 92.35 95.33 103.72 104.18
Luxor 57.4 63.95 68.07 63.46 71.00 74.35 EGP 328.66 368.26 393.58 367.87 413.47 433.25
Lyon 107.14 104.33 109.38 115.42 111.8 113.41 EUR 80.31 75.45 81.38 87.06 82.73 84.3.
Macau 122.03 119.49 132.11 118.15 132.9 113.35 CNY 822.81 801.00 883.45 787.49 881.00 750.55
Madinah 107.17 129.48 120.07 105.58 122.33 120.52 SAR 402.63 485.97 450.80 396.31 459.24 452.44

11 HotelsCombined.com
Hotel Price Index™ March 2011
Hotel Price Index by City | M - O
USD Local Currency
City Oct Nov Dec Jan Feb Mar Oct Nov Dec Jan Feb Mar
Currency
2010 2010 2010 2011 2011 2011 2010 2010 2010 2011 2011 2011
Madrid 115.28 111.88 106.4 108.11 104.07 110.21 EUR 87.33 82.12 78.85 81.13 77.24 81.73
Makati City 72.21 78.93 77.05 78.88 76.72 80.34 PHP 3202.55 3447.12 3393.06 3478.30 3387.44 3531.75
Malaga 85.8 86.07 83.27 79.13 80.79 83.60 EUR 65.29 63.40 61.90 59.53 60.17 62.07
Male 371.73 443.00 470.53 618.90 597.61 569.57 USD 371.73 443.00 470.53 618.90 597.61 569.57
Manchester 115.34 118.70 110.62 103.29 110.14 114.72 GBP 73.79 75.00 70.24 66.07 69.46 72.01
Manila 62.25 60.22 62.07 63.96 61.43 66.89 PHP 2761.75 2636.38 2734.02 2822.82 2712.98 2940.48
Marbella 132.16 87.94 85.13 88.53 101.87 108.22 EUR 100.64 63.88 63.15 66.01 75.81 80.37
Marrakech 91.62 87.03 85.99 88.67 83.98 93.51 MAD 778.62 720.54 717.11 749.12 704.02 783.73
Melbourne 142.98 145.97 148.30 157.39 141.22 155.93 AUD 154.14 153.87 154.85 161.56 142.16 156.78
Mexico City 62.74 63.16 66.71 63.23 66.29 66.61 MXN 791.92 785.98 833.82 781.68 807.87 812.43
Miami 103.81 105.08 113.64 121.00 121.17 118.43 USD 103.81 105.08 113.64 121.00 121.17 118.24
Miami Beach 132.35 140.42 144.85 158.49 162.73 171.96 USD 132.35 140.42 144.85 158.49 162.73 172.05
Milan 121.46 116.74 105.02 112.02 123.37 139.87 EUR 92.29 85.83 77.97 83.88 91.65 103.61
Montreal 108.82 104.86 105.65 103.13 106.45 100.98 CAD 111.94 106.50 107.36 103.91 106.15 100.89
Moscow 150.60 156.67 152.51 126.31 151.89 151.62 RUB 4602.23 4797.28 4730.06 3877.92 4542.48 4514.86
Mumbai 132.11 130.88 125.71 133.11 129.52 141.96 INR 6061.11 5911.09 5732.36 6091.39 5957.73 6526.54
Munich 139.36 119.95 111.32 119.77 118.44 103.27 EUR 105.49 87.98 82.52 89.91 87.81 76.41
New Delhi 97.52 97.88 98.99 87.18 95.86 102.29 INR 4470.16 4420.16 4522.60 3989.77 4407.18 4705.23
New Orleans 118.39 120.78 100.43 127.43 131.48 156.48 USD 118.39 120.78 100.43 127.43 131.48 156.51
New York City 222.31 214.22 218.16 170.56 158.26 166.86 USD 222.31 214.22 218.16 170.56 158.26 166.84
Niagara Falls 111.41 113.36 124.13 143.16 126.46 147.35 CAD 114.62 115.51 126.08 143.96 125.75 145.94
Nice 131.72 113.80 118.24 110.82 111.97 111.69 EUR 99.91 83.19 88.30 83.07 83.09 82.67
Nuremberg 98.66 111.30 107.07 92.81 149.45 111.71 EUR 73.7 80.51 79.63 69.56 110.88 82.79
Orlando 74.77 73.62 77.14 81.91 83.50 82.74 USD 74.77 73.62 77.14 81.91 83.50 82.75
Osaka 94.32 106.54 102.55 93.55 98.81 94.38 JPY 8042.92 8930.49 8570.7 7763.82 8181.93 7814.55

12 HotelsCombined.com
Hotel Price Index™ March 2011
Hotel Price Index by City | O - S
USD Local Currency
City Oct Nov Dec Jan Feb Mar Oct Nov Dec Jan Feb Mar
Currency
2010 2010 2010 2011 2011 2011 2010 2010 2010 2011 2011 2011
Oslo 171.66 169.92 162.01 152.07 173.03 190.12 NOK 1029.64 1001.68 973.17 907.27 1014.99 1114.10
Palma 90.55 97.50 90.93 80.09 90.92 87.70 EUR 68.80 71.02 67.28 59.89 67.52 65.05
Paphos 109.31 93.45 103.28 95.13 89.54 82.42 EUR 82.92 68.57 76.96 71.52 66.37 61.21
Paris 163.05 148.77 146.45 147.37 136.78 145.86 EUR 123.58 109.78 108.60 110.22 101.53 108.08
Pasay City 57.88 57.22 59.90 57.71 59.64 57.80 PHP 2565.85 2497.06 2635.11 2548.21 2632.7 2540.84
Pattaya 53.98 56.86 58.84 65.15 60.90 58.37 THB 1689.57 1751.81 1802.97 1993.31 1868.02 1797.38
Penang 70.22 70.14 64.50 61.70 67.16 66.73 MYR 221.66 219.17 202.70 192.91 207.60 205.96
Perth 154.20 158.57 166.65 154.36 168.47 172.35 AUD 165.72 165.39 173.24 157.54 169.45 172.79
Phuket 75.57 100.56 113.52 118.77 113.7 102.45 THB 2390.47 3104.83 3497.19 3644.92 3489.32 3154.53
Playa del Carmen 126.56 141.33 175.51 169.21 159.83 176.20 MXN 1603.75 1779.25 2201.30 2110.37 1962.71 2151.35
Porto 75.80 72.36 83.07 72.48 65.21 63.28 EUR 57.51 53.15 62.18 54.51 48.23 46.96
Prague 88.03 77.48 82.50 86.15 70.48 79.28 CZK 1662.72 1415.98 1521.39 1600.76 1287.81 1444.11
Puerto Vallarta 95.95 95.24 119.11 128.34 121.76 113.92 MXN 1219.00 1197.44 1491.42 1595.24 1498.43 1390.06
Punta Cana 144.68 147.15 184.80 227.44 220.23 227.19 DOP 5381.73 5482.24 6899.09 8521.90 8286.58 8570.33
Ras Al Khaimah 139.39 174.72 182.49 141.54 147.22 149.07 AED 512.10 641.87 670.42 519.96 540.82 547.61
Riga 57.76 61.29 57.52 60.36 56.20 58.46 EUR 43.56 45.08 42.84 45.07 41.60 43.38
Rio de Janeiro 152.84 148.21 174.56 171.52 163.83 202.53 BRL 265.37 254.12 301.65 293.66 277.66 343.54
Rome 150.81 123.94 120.02 122.95 118.89 127.78 EUR 114.54 91.86 88.97 91.78 88.43 94.71
Salzburg 115.68 116.14 135.44 138.14 105.14 107.04 EUR 86.69 84.20 100.34 103.52 77.63 79.11
San Diego 109.54 100.13 90.96 99.29 107.81 119.94 USD 109.54 100.13 90.96 99.29 107.81 120.13
San Francisco 126.92 106.63 106.17 108.92 110.31 113.04 USD 126.92 106.63 106.17 108.92 110.31 113.02
San Juan 113.94 119.61 129.00 150.77 149.18 145.70 USD 113.94 119.61 129.00 150.77 149.18 145.61
Sao Paulo 98.30 115.72 109.73 109.85 115.21 118.76 BRL 168.87 197.53 188.12 185.92 194.46 199.73
Seoul 100.85 98.35 102.77 95.82 93.03 94.19 KRW 117302 112169 117117 109243 105108 105737
Seville 111.37 95.35 92.89 88.22 98.61 95.53 EUR 84.47 69.96 68.9 66.12 73.2 70.98

13 HotelsCombined.com
Hotel Price Index™ March 2011
Hotel Price Index by City | S - Z
USD Local Currency
City Oct Nov Dec Jan Feb Mar Oct Nov Dec Jan Feb Mar
Currency
2010 2010 2010 2011 2011 2011 2010 2010 2010 2011 2011 2011
Shanghai 99.13 94.38 87.94 88.85 82.63 112.46 CNY 669.71 632.26 587.73 592.48 546.88 742.26
Sharjah 81.54 87.98 81.64 80.48 88.80 92.54 AED 299.54 323.19 299.91 295.64 326.20 339.97
Sharm el-Sheikh 112.58 105.05 104.9 107.92 92.65 95.90 EGP 644.79 605.00 606.44 627.82 541.15 560.89
Siem Reap 55.09 60.62 52.78 59.76 63.33 69.03 KHR 236158 256951 222421 249639 261782 286659
Singapore 129.15 130.9 136.87 139.10 132.87 143.84 SGD 173.33 172.86 180.93 182.55 172.09 185.69
Sofia 86.86 84.35 83.29 75.41 79.19 78.21 EUR 64.55 61.93 62.03 56.68 58.69 57.78
Sousse 55.51 37.26 39.36 33.72 24.38 28.46 TND 81.12 53.01 56.76 49.00 35.18 41.08
St Petersburg 92.00 91.54 87.40 84.35 85.12 78.58 RUB 2813.18 2798.12 2706.59 2596.39 2551.65 2351.06
Stockholm 148.29 147.36 140.00 126.97 144.61 146.77 SEK 1047.55 1008 966.46 869.8 962.24 970.35
Stuttgart 90.21 86.03 86.48 96.06 90.88 94.90 EUR 66.54 62.34 64.14 72.20 67.10 70.30
Sydney 173.41 167.29 172.99 171.75 186.78 190.15 AUD 186.53 175.10 180.41 177.3 188.42 192.03
Taipei 84.94 89.31 93.32 97.45 96.13 93.45 TWD 2688 2772.5 2869.92 2945.24 2851.16 2774.84
Tel Aviv 137.57 134.18 133.69 134.66 138.36 124.84 USD 137.57 134.18 133.69 134.66 138.36 124.84
Tenerife 96.00 103.45 103.04 101.29 103.30 106.65 EUR 73.56 76.47 76.44 75.97 77.11 79.21
Thessaloniki 101.88 100.72 103.68 100.22 99.38 102.39 EUR 76.12 73.14 77.32 75.43 73.54 75.57
Tokyo 132.16 135.10 136.97 135.82 141.08 130.43 JPY 11292 11299 11483 11317 11687 10803.
Toronto 110.32 115.11 103.96 113.43 110.15 119.58 CAD 113.48 117.16 105.63 114.27 109.42 118.95
Torremolinos 73.90 61.84 65.52 60.01 61.88 66.92 EUR 56.48 44.84 48.04 45.27 46.18 49.64
Valencia 103.37 96.88 92.5 89.33 93.80 102.47 EUR 78.17 71.21 68.07 66.82 69.77 76.26
Vancouver 106.40 100.58 105.37 112.49 111.76 123.80 CAD 109.68 102.92 106.93 113.57 111.54 123.50
Varadero 124.02 130.38 151.15 175.64 162.11 170.22 CUP 2870 3018 3498 4065. 3752 3922
Venice 171.96 128.75 123.83 130.13 128.75 139.95 EUR 130.65 95.28 91.76 97.22 95.90 104.13
Vienna 120.25 109.38 124.85 122.66 104.66 116.47 EUR 91.38 80.32 92.67 91.84 77.79 86.29
Warsaw 85.97 82.97 83.80 78.21 81.56 78.51 PLN 258.10 240.93 249.3 233.04 236.94 228.62
Washington D.C. 176.60 143.78 124.57 128.36 132.27 160.79 USD 176.6 143.78 124.57 128.36 132.27 160.97
Zurich 176.89 168.93 168.94 172.97 168.30 174.15 CHF 177.11 166.18 166.91 168.21 161.44 167.79

14 HotelsCombined.com
Hotel Price Index™ March 2011