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1 AMERICAN EXPRESS GLOBAL BUSINESS TRAVELHotel Monitor2020 Cities ForecastThese hotel price predictions for 150 key cities around the world reflect the wide variety of local conditions that travel buyers face when budgeting and managing their corporate lodging programs.Across much of the world, the hotel industry is booming with business and leisure volumes growing, even as international trade tensions continue to dampen the economic outlook. A healthy global hotel construction pipeline should mean, in most cities, that hotel rates remain stable or see only modest rises. However, a number of outlier cities, often with a strong mix of business and leisure demand, are likely to see more pronounced price moves. Also note that these forecasts are made in local currencies: in destinations where inflation rates are volatile, the picture may look significantly different to those buying accommodation using foreign currencies.For analysis of the factors impacting prices at regional, national and city level, read the Hotel Monitor 2020. And, for expert advice on how you can use data insights to optimize your lodging program, read our Putting data to work for your lodging program white paper.2 AMERICAN EXPRESS GLOBAL BUSINESS TRAVELHotel City PredictionsNorth AmericaLatin AmericaCANADASOUTH AMERICACENTRAL AMERICAUNITED STATESProvince City 2020 ForecastAlberta Calgary -2%British Columbia Vancouver +3%Ontario Ottawa +2%Toronto +4%Quebec Montreal +4%Country City 2020 ForecastArgentina Buenos Aires +47%Brazil Belo Horizonte -1%Rio de Janeiro +1%Sao Paulo +5%Chile Santiago +4%Colombia Bogota +4%Peru Lima +4%Country City 2020 ForecastGuatemala Guatemala City +2%Mexico Guadalajara +7%Mexico City +3%Monterrey +5%Puerto Rico San Juan +3%State City 2020 ForecastArizona Phoenix +1%California Burbank 0%Los Angeles +1%San Diego +1%San Francisco +4%San Jose +3%Santa Ana +1%Colorado Denver -2%Connecticut Hartford +1%District of Columbia Washington +3%Florida Fort Lauderdale +1%Miami -3%Orlando +1%Tampa +4%Georgia Atlanta +1%Illinois Chicago +5%Indiana Indianapolis -1%Maryland Baltimore +1%Massachusetts Boston +1%Michigan Detroit +3%Minnesota Minneapolis -2%Missouri Kansas City -2%St. Louis +1%North Carolina Charlotte +3%Raleigh-Durham 0%New Jersey Newark +2%Nevada Las Vegas 0%New York New York -3%Ohio Cleveland -1%Columbus -1%Oregon Portland +2%Pennsylvania Philadelphia 0%Pittsburgh -1%Tennessee Nashville +1%Te x a s Austin -1%Dallas +1%Houston 0%San Antonio -2%Washington Seattle +2%Wisconsin Milwaukee +2%3 AMERICAN EXPRESS GLOBAL BUSINESS TRAVELMIDDLE EASTCountry City 2020 ForecastIsrael Tel Aviv +6%Jordan Amman +1%Oman Muscat -7%Qatar Doha -10%Saudi Arabia Riyadh -8%United Arab Emirates Abu Dhabi -4%Dubai 0%EMEAEUROPECountry City 2020 ForecastAustria Vienna +5%Belgium Brussels +3%Bulgaria Sofia +12%Czech Republic Prague +1%Denmark Copenhagen +1%Finland Helsinki +2%France Bordeaux 0%Lyon 0%Marseille 0%Paris +3%Toulouse 0%Germany Berlin +2%Cologne +1%Dusseldorf +2%Frankfurt +1%Hamburg +2%Munich 0%Stuttgart 0%Greece Athens +4%Hungary Budapest +5%Ireland Dublin +3%Italy Milan +1%Rome +1%Turin +1%Luxembourg Luxembourg +5%Netherlands Amsterdam +1%Eindhoven +1%Norway Oslo +4%Poland Gdansk -2%Krakow +2%Warsaw -1%Portugal Lisbon +1%Romania Bucharest +1%Russia Moscow +3%St. Petersburg +2%Spain Barcelona +5%AFRICACountry City 2020 ForecastEgypt Cairo 0%Ghana Accra +6%Kenya Nairobi +3%Nigeria Lagos -1%South Africa Cape Town +2%Johannesburg +4%Madrid +4%Sweden Gothenburg +3%Stockholm +1%Switzerland Geneva 0%Zurich 0%Turkey Ankara +18%Istanbul +9%Ukraine Kiev +5%United Kingdom Aberdeen -13%Birmingham +2%Bristol -1%Edinburgh +1%Glasgow 0%London +1%Manchester 0%4 AMERICAN EXPRESS GLOBAL BUSINESS TRAVELAsia PacificAUSTRALASIAASIACountry City 2020 ForecastAustralia Brisbane -4%Melbourne +2%Perth -3%Sydney +1%New Zealand Auckland +9%Country City 2020 ForecastChina Beijing +1%Chongqing +2%Guangzhou +3%Hong Kong +3%Shanghai +2%Shenzhen +5%India Bangalore +5%Hyderabad +5%Madras +5%Mumbai +6%New Delhi +5%Poona +5%Indonesia Jakarta +4%Japan Osaka +5%To k yo +4%Kazakhstan Tselinograd +2%Malaysia Kuala Lumpur +2%Philippines Manila +2%Singapore Singapore +2%South Korea Seoul +3%Taiwan Taipei +1%Thailand Bangkok +2%Vietnam Hanoi +2%Ho Chi Minh +2%ABOUT AMERICAN EXPRESS GLOBAL BUSINESS TRAVELAmerican Express Global Business Travel (GBT) is the worlds leading business partner for managed travel. We help companies and their employees prosper by making sure travelers are present where and when it matters. We keep global business moving with the powerful backing of 17,000 travel professionals in more than 140 countries. Companies of all sizes, and in all places, rely on GBT to provide travel management services, organize meetings and events, and deliver business travel consulting.Learn more a amexglobalbusinesstravelAmerican Express Global Business Travel (GBT) is a joint venture that is not wholly owned by American Express Company or any of its subsidiaries (American Express). “American Express Global Business Travel,” “American Express,” and the American Express logo are trademarks of American Express and are used under limited license.No disclosure or use of any portion of these materials may be made without the express written consent of GBT. 2019 GBT Travel Services UK Limited.
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