Hotel rooms in Byron are getting cheaper.
Hotel rooms in Byron are getting cheaper.

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.

Cairns

Byron Bay/Gold Coast

Newcastle

Port Douglas

Sunshine Coast

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