Travelers can find bargains now as hotel prices have fallen sharply across the world, the latest results of the Hotel Price Index (HPI), a survey of hotel prices in major city destinations worldwide, showed.
Las Vegas is one of the best destinations for executives who want a break but are on a budget, according to David Roche, president of Hotels.com and Venere.com.
"With the collapse or the near collapse of convention trade in Las Vegas, prices are down 20 percent," Roche told CNBC.
In Europe, Prague, Dublin and Madrid have seen significant falls in hotel prices, making them more attractive.
Roche's top tip for travel: "In some locations, there is only five pounds ($8) difference between a three star and a four star hotel…So consider trading up, you may be (in) a substantially better property for five pounds more."
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