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American Express Global Business Travel’s Hotel Monitor 2025 finds rates set to stabilize amid record construction pipeline and easing inflation
Global hotel rates are forecast to continue rising in 2025, but price increases will moderate compared to the steep rises of recent years, thanks to easing leisure travel demand and a surge in new hotel construction. These insights come from the consulting team at American Express Global Business Travel (Amex GBT).
Amex GBT’s Hotel Monitor 2025 offers detailed predictions for more than 80 major cities worldwide, analyzing hotel transaction data and factoring in local and macroeconomic variables including International Monetary Fund (IMF) data. Forecasts for key business travel destinations include:
| City | Average rate +/- |
| New York | +4.7% |
| Las Vegas | +4.2% |
| Vancouver | +2.9% |
| Mexico City | +4.5% |
| Rio De Janeiro | +5.2% |
| London | +3.6% |
| Paris | +4.0% |
| Brussels | +3.6% |
| Berlin | +3.0% |
| Stockholm | +5.6% |
| Madrid | +3.6% |
| Rome | +2.9% |
| Hong Kong | +3.8% |
| Bengaluru | +9.0% |
| Delhi | +9.0% |
| Hanoi | +4.7% |
While price rises are …
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