Price Index Showcases Affordable Luxury

    U.S. travelers paid the most for five-star hotels in Tokyo, Rio de Janeiro, and Boston in the first half of 2014, according to the most recent Hotel Price Index (HPI). While a stay at a five-star property in a major city may cost north of $500 per night, the HPI shows that U.S. travelers can still find luxurious values in destinations around the world. According to the HPI, the 10 most affordable five-star hotel destinations in the first half of 2014 were found in Europe and Asia with travelers paying an average of $210 or less per night. For the cost of a five-star stay in Boston ($538), travelers were able to stay three nights in Pisa ($172/night; $516 total) or four nights in Warsaw ($130/night; $520 total) while making a luxurious five-star hotel their home. Four of the most affordable five-star destinations also ranked among the 50 most popular international cities for Americans in the first half of the year: Istanbul (No. 18), Bangkok (No. 21), Beijing (No. 30) and Brussels (No. 50). Bangkok saw one of the biggest decreases in average five-star prices during the timeframe, dropping 16 percent to $186. For more data, click here.

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