Goa Hotel Rates Increase 150% for 2015 New Year Reports BestGoaHotels

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This Christmas–New Year season, hotel room rates in Goa witness an unprecedented hike. In comparison to regular winters, festive season rates on average rise up by almost 150% for the New Year and about 107% for Christmas, reveals the yearly rate analysis performed by Best Goa Hotels.

Guests planning to stay in a 4 Star hotel can book a 5 Star hotel at similar prices since prices in some cases may, in fact, be almost the same.

Like every year, hotel prices in Goa are set to increase once again--by an average of 150%--for the New Year period, reveals an analysis conducted by Best Goa Hotels, an online hotel-booking provider centered on hotels in Goa. The increase is from the regular winter season prices of October-November and January. The average increase for the Christmas period stands at 107%.

This sharp increase in rates of Goa hotels is not an anomaly; it happens every year. In fact, almost every hotel in Goa relies on the two festive periods to turn its balance sheets green. This may be logical from the hotels’ perspective, but from the tourists’ perspective such drastic hike is far too much. Nevertheless, despite such price-hikes, tourist influx in Goa during the New Year has always seen an upward trend, which in turn motivates hotels to increase their prices even further the next time.

But is such a price-increase justified?
This analysis of 429 hotels in Goa has revealed some interesting patterns. However, before we delve further into the analysis, here are the regular winter price ranges of various hotels according to their star category:

One Star Hotels: Rs 800 to Rs 3,000
Two Star Hotels: Rs 1,200 to Rs 7,000
Three Star Hotels: Rs 1,500 to Rs 9,000
Four Star Hotels: Rs 3,200 to Rs 10,000
Five Star Hotels: Rs 6,000 to Rs 29,000

As the above data shows, a significant overlap exists between prices of dissimilar star categories. Furthermore, the gap between the highest and lowest prices of hotels in the same category is huge.

Further to this, here are some other statistics revealed by the study:

  •     The average rate increase for North Goa hotels during Christmas is 114% and during the New Year is 162%.
  •     The average rate increase for South Goa hotels during Christmas is 85% and during the New Year is 121%.
  •     The average rate increase for 1 Star Goa hotels during Christmas is 108%, and during the New Year it goes up to 147%.
  •     The average rate increase for 2 Star Goa hotels during Christmas is 71%, and during the New Year it goes up to 116%.
  •     The average rate increase for 3 Star Goa hotels during Christmas is 99%, and during the New Year it goes up to 132%.
  •     The average rate increase for 4 Star Goa hotels during Christmas is 116%, and during the New Year it goes up to 180%.
  •     The average rate increase for 5 Star Goa hotels during Christmas is 31%, and during the New Year it goes up to 81%.

The average increase in North Goa hotel rates (http://www.bestgoahotels.com/category/goa-hotels-by-location/north-goa-hotels/) is higher than that of South Goa hotels rates, for both Christmas and New Year periods. This is clearly because North Goa Hotels are more popular with tourists than are South Goa hotels.

The average rate increase for 5 Star hotels is less than 50% during Christmas and 100% during the New Year, which is much lower than the average rate hike for 4 Star hotels. This can be a sign of relief for some tourists: those planning to stay in a 4 Star hotel can book a 5 Star hotel at similar prices since prices in some cases may, in fact, be almost the same for the two categories.

So where is the value for money?
For people traveling on a budget, the best bet is staying at a budget hotel in South Goa. The average price increase for budget hotels in South Goa (http://www.bestgoahotels.com/category/goa-hotels-by-location/south-goa-hotels/) during Christmas is just 20% and that in New Year is about 89%, which is less than the overall average for 1 Star Hotels across the entire state. That being said, for those who have visited Goa during the off season, a term like ‘value for money’ seems pretty baseless even at these rates.

However, Best Goa Hotels hopes that this analysis will be helpful to tourists when planning their next vacation in Goa.

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Shadab Malik
@BestGoaHotels
since: 12/2012
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