Index: Hotel rates rose 2 percent in 2010

Global hotel rates rose 2 percent in 2010, and despite the increase year-over-year, travel deals and value can still be found in America’s most popular cities as well as the new global up-and-coming destinations, according to the Hotel Price Index.

The index found higher occupancy levels for major business centers such as London, Paris, Singapore and New York due to the return of business travel. Las Vegas also benefited, as convention business returned to the desert.

International arrivals grew more than 5 percent in 2010 and occupancy in luxury properties in the U.S. is running between ten and fifteen points higher than in the lower star categories.

“We are encouraged by this continued growth in business and consumer travel throughout the industry,” Victor Owens, vice president of marketing North America for, said in a news release. “Despite the rise of hotel rates globally, is still able to offer its customers great deals, due in part to the increase of new hotels around the world. For example, attractive deals can be found in London as it prepares for the tremendous number of visitors arriving for the 2012 Olympics.”

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