Hotel Rates Forecast to Rise Globally in 2027 Amid Persistent Inflation

The latest forecast from American Express Global Business Travel (Amex GBT) predicts a rise in global hotel rates for 2027, building on the trend seen in 2026. The upward pressure comes from resilient corporate travel and meetings demand across the Americas and Europe, combined with persistent inflation.

The report notes that while hotel prices are expected to increase, the impact will vary by region. Asia-Pacific is expected to see more moderate increases, while the ongoing Middle East conflict continues to affect demand in key Gulf destinations.

Amex GBT has presented rate forecasts as a range rather than a single figure for the first time this year due to ongoing geopolitical uncertainty and volatility. If global inflation tracks the International Monetary Fund's (IMF) forecast of 4.7% for 2026, the lower end of the range is likely. However, if inflation rises beyond that level, the upper end of the range is more probable.

The report provides specific forecasts for key North American cities, including Mexico City, San Francisco, and New York. Sara Andell, director of consulting strategy at Amex GBT Consulting, emphasizes the importance of considering value when evaluating hotel rates, not just the headline price.