Hotel room prices in Byron drop by 7%
BYRON Bay and the Gold Coast are the second best value-for-money beachside hotel destinations in Australia behind Cairns, according to a new report.
Hotels.com's latest Hotel Price Index, a report that looks at hotel prices and travel trends from across Australia and the globe, reveals Byron Bay as the second best value-for-money beachside destination in Australia, sharing the spot with the Gold Coast.
Despite Byron's reputation as an expensive place to stay, hotel rooms in the tourist town fell by 7% last year to $165 per night, $6 below the national average of $171.
Prices on the Gold Coast were up 2% to $165.
The average hotel room price in Cairns was just $132, an 8% increase from 2011.
Australian hotel prices rose by 4% in 2012 to AU$171 a night, more than the average global rise of 3%.
It is the third consecutive year of positive growth since the global financial crisis, although the 2012 increase is notably less than the 11% registered in 2010 and 8% in 2011.
Byron Bay/Gold Coast