Hotels.com: Passion for travel is on the rise, highest since 2004

According to the latest data from Hotels.com, there has been a 3% increase in global accommodation prices, reaching levels not seen since 2004.There’s no sign of a slowdown for the global travel industry, according to the latest Hotel Price Index (HPI) from Hotels.com. The prices travellers paid for overnight accommodation rose 3% globally in 2018, with every regional index, except the Pacific, receiving a boost.The growth in travel comes despite uncertainty such as Brexit; the wildfires in California; drought in South Africa and earthquakes in Japan. Travellers also showed resilience and renewed confidence in destinations touched by unrest like Paris, Egypt and Turkey, as well as regions experiencing currency fluctuations like South America, and areas in North America affected by natural disaster.