Where to Find the Cheapest Luxury Hotel Rooms in the World

Want to stay at a luxury hotel worth just $100 a night in the colder months? Try the Hotel Bristol in Warsaw, Poland. (Courtesy: Hotel Bristol)

By Mia Taylor

Hotel room prices around the globe are on the rise, with some of the highest spikes taking place in North America and the United States, but it’s also bargain time for a few of the world’s hottest destinations – such as New York, London, and Paris.

A recent report from Hotels.com showed that the nightly cost of a room in North America increased 4 percent during the first half of 2015, and in the U.S. in particular, the price jump averaged around 3 percent.

The increases in the U.S., though not dramatic, are being triggered by the relative strength of the economy and a record high in domestic spending, says Taylor Cole of Hotels.com.

“Domestic spending was at an all-time high during the second quarter of 2015, which is having an impact on hotel prices,” Cole said.

Even more notable, however, is that amid a global wave of increases, the hotel room prices in some of the country’s and the world’s most popular markets are bucking the trend, heading in the opposite direction.

All you need is seven days’ notice to stay at the Wynn in Vegas for 25 percent off. (Courtesy: Wynn Las Vegas)

In New York, typically one of the more expensive destinations for travelers, hotel room rates are down 6 percent. In London, another perennial favorite among travelers, prices are down 7 percent, according to the Hotels.com report. And Paris, home of all things luxurious and glamorous, is witnessing a 16 percent drop in hotel prices.

There are a variety of reasons behind the price drops in cities such as New York, Paris, and London.

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“In New York, a number of new hotels have come on board, that were recently built, increasing the supply,” continues Cole. “The overall increase in hotels has meant that demand has changed slightly.”

As for London and Paris, Cole attributes decreased costs to fluctuating currencies, noting that there are several other international destinations now where luxury rooms can be had for less than $200.

In Pisa, Italy, for instance, travelers can find five-star hotel rooms for just $141, Cole said. In Warsaw, Poland, five-star hotel rooms are averaging just $130 per night, while in Delhi, India, luxury rooms are around $169.

The moral of the story: if you’re itching to travel abroad, there are many markets on sale right now where the savvy traveler will get more for his money, or is able to live just a little bit larger.

Pisa, Italy, may get lots of tourists, but hotel prices are still dropping. (Photo: Thinkstock)

Additional markets on the Hotels.com list of places where five-star rooms are less than $200 include Cairo, Egypt; Istanbul, Turkey; Berlin, Germany; and Bangkok, Thailand.

Destinations that have not yet been discovered by the masses offer yet another option for those seeking slightly cheaper luxury room rates, says Ania Wroblewska, a luxury travel consultant with New York City-based Classic Travel.

“Up-and-coming destinations often offer luxury hotels at great prices, especially if one is willing to go off-season,” Wroblewska said. “Poland is an up-and-coming destination. It’s part of the European Union, so there are a lot more non-stop flights, and cheap flights. But it still does not have the euro. So the exchange rate is very, very good – especially for Americans.”

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One hotel in particular worth noting, for those interested in Poland is the Hotel Bristol, in Warsaw, Wroblewska said.

Not only is it a stunning property, it is located in the city’s center, close to great restaurants, shopping, and the Old Town. It is also right next to the presidential residence, she said. The hotel is famous for its marble lobby, antique elevator, and high-profile past visitors (including Mick Jagger).

During high season, the Bristol’s room rates are between $200 to $300 a night, but it becomes significantly cheaper in the colder months, around $100.

Marrakech, Morocco, is also a place where there’s deals to be had in the luxury market right now. The story there is similar to that of New York City, says Eben Lenderking, a local luxury hotel owner.

Rooms at the Dar Les Cigognes in Marrakech are averaging 200 euros per night. (Courtesy: Dar Les Cigognes)

“The main reason prices are not going up in the luxury sector here is that there’s been a massive increase in supply in Marrakech over the past two or three years,” Lenderking said.

Among the newest and sexiest hotels to open in Marrakech, helping to increase the exotic and alluring city’s room inventory, are Palais Namaskar, The Selman, and also Royal Mansour. A Four Seasons also opened its doors in Marrakech in recent years. Prices for all of these luxe properties, however, are quite high, says Lenderking, noting that room rates at Royal Mansour, for instance, are around 700 euros per night.

But within the city’s luxury boutique market – including at such properties as Dar Les Cigognes, Riad Farnatchi and Riad El Fenn – rooms are averaging around 200 euros per night, he says.

What’s more, the city’s boutique properties offer a more unique experience than the internationally known, or big luxury chain hotels, which can sometimes be a bit cookie-cutter, Lenderking said. Many of the boutique hotels Lenderking cited, for instance, are located within the medina, or historic city center, and are housed in riads – old-style Arab houses.

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In addition, Dar Les Cigognes is famous for its traditional Moroccan cooking and the cooking classes it offers guests.

“The cooking school is the place to go for people seeking authentic Moroccan culinary experiences,” says Lenderking. “At the boutique hotels, you’re getting something that is unique and unforgettable. You can define luxury in different ways. For me, it’s the real cultural experience and being in the thick of it, and learning about things and doing things. That is luxury.”

And finally, Las Vegas, the city where there are deals being made night and day. The insiders at Vegas.com say several of the city’s most notable luxury properties are offering substantial price decreases for future travel.

Among them is the Venetian (which gets a 4.5-star rating by guests using the Vegas.com site), where rooms are 20 percent off with 60-day advanced booking. The Wynn, a luxe property known for attracting high rollers meanwhile, is offering 25 percent off rooms, with just a seven-day advanced booking.

If those prices still are not cheap enough, there’s always the option of using Vegas.com’s DropWatch tool, which monitors room rates for users who book hotels through the site. If room rates at the hotel where you’ve reserved a stay, go down (within the hotel’s cancellation window), you are notified and can then work with Vegas.com to lock in the new cheaper rate.

“With luxury resorts in Las Vegas, you’re looking at really quality rooms, top-of-the-line products within the rooms, outstanding dining and spas – everything is the best of the best,” says Jennifer Whitehair, Vegas.com’s director of content. “And the thing with Vegas is that there are always different deals going on. You can put together anything, if you just keep shopping, you’ll find great deals. And that’s true from bargain resorts all the way up through the luxury properties.”

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