ORONTO — Following the pandemic, hotel prices have dramatically increased, yet a semblance of stability may be on the horizon. This conclusion arises from the newly released Amex GBT Hotel Monitor 2026.
The report suggests that global hotel rates are expected to maintain a relatively stable trend through 2026. Factors such as ongoing geopolitical instability and uncertainties around potential U.S. tariffs are projected to limit demand. Consequently, these factors may help prevent significant spikes in hotel prices.
However, a significant caveat exists; while the overall outlook remains moderate for 2026, a continued rise in rates for premium accommodations is anticipated due to an increase in demand.
Increases in Hotel Rates Across Major Cities
While the general forecast shows stability, hotel prices in major cities worldwide are still expected to rise. Notably, in New York City, rates are projected to increase by 4%, and in Los Angeles, a more modest rise of 2.2% is expected. In London, hotel rates are forecast to jump by 4.2%, while Paris is looking at a 2.4% increase. Similarly, Tokyo anticipates a 2.5% rise, and in Rio, a notable increase of 5% is on the books.
Specific Projections for Canadian Cities
In Canada, the outlook paints an even steeper picture for hotel rates. In Toronto, a significant increase of 5.8% is forecast, while in Montreal, rates may see a rise of 1.8%. Vancouver appears to face the highest projected increase in hotel rates, with an expected hike of 6.2%.
As travelers and businesses plan for upcoming trips, the implications of these projected rate increases cannot be overlooked. Potential customers may want to consider booking in advance to secure better rates before the expected increases take effect. For further information on travel trends and prices, visit Forbes Travel Guide.
The Amex GBT Hotel Monitor offers vital insights for businesses and travelers alike, helping them navigate a rapidly changing landscape as we approach 2026.
