Hotel Monitor 2026 Hotel price forecasts by Amex GBT Consulting The Hotel Monitor is Amex GBT’s annual forecast of global hotel rates plus expert advice to help you build a stronger accommodation program.
Looking globally, we expect hotel rates to be relatively stable into 2026. Geopolitical instability, ongoing uncertainty over US tariffs and their impact on the world economy, will limit demand, keeping a lid on price increases, extending the moderation we saw last year.
Luxury could buck the stability trend as affluent leisure travelers continue to spend, pushing up rates for top tier accommodation. Corporates who put their travelers in luxury and upper upscale hotels could be paying more for the privilege.
Whatever happens to price trends, actively managing your hotel program can help you manage through uncertainty and get the accommodation you need at the best prices.
Work with Amex GBT Consulting to build a hotel program that’s aligned with your company’s business goals and helps you drive real value.
Sara Andell Director of Consulting Strategy, Amex GBT Consulting. Welcome to the Hotel Monitor To learn more about how Amex GBT Consulting’s hotel team can help you build a stronger hotel program, contact GBTConsulting@amexgbt.com . Global hotel prices, 2026 For more insights into hotel – plus, strategies to optimize your hotel program – talk to Amex GBT Consulting, at GBTConsulting@amexgbt.com .
Methodology We used Prophet time series modeling to generate the hotel price forecasts in Hotel Monitor 2026. The data for the analysis came from American Express Global Business Travel’s (Amex GBT) vast data lake, with inflation and GDP forecasts from the International Monetary Fund (IMF).
Latin America +5.0% Rio de Janeiro +0.9% Santiago +5.6% Buenos Aires North America +4.0% New York +5.8% Toronto +3.0% Miami +2.2% Los Angeles +2.0% Mexico City
+2.4% Paris +4.8% Madrid +4.2% London +3.7% Berlin
+6.4% Bengaluru +2.2% Singapore +1.5% Beijing +1.5% Sydney +2.5% Tokyo Middle East & Africa +4.7% Cape Town +2.0% Dubai +2.3% Riyadh North America Uncertainty over US tariffs could have a variable impact on hotel rates in North America in the year ahead. In the US, we expect price rises to be moderate, tempered by a projected downturn in inbound demand.1 Food and beverage costs, pushed up by tariffs on imported produce, could rise by as much as +2.6%; perhaps 2026 is the year to leave breakfast out of negotiations.2 Price rises should also be restrained in Mexico; despite growing international demand, a strong hotel construction pipeline should reduce scope for significant rate increases.3, 4 Canada could see larger price increases than its southern neighbors; even with a growing supply of hotel rooms, our modeling indicates that rates for Toronto could rise by as much as +5.8%.5 City spotlight: New York +4.0% Cutting its 2025 tourism forecast by 3 million visitors, New York’s convention bureau warned that the city could be hit hard by ne