By Amy Farley
September 11, 2014

The city where travelers can find the most affordable five-star hotels in the world? Warsaw, Poland, where the average luxury room went for just $130 a night in the first six months of 2014. This is according to the annual Hotel Price Index from, which looks at how much people spent for rooms at properties across the globe over the first half of the year.

The site found that hotel prices are on the rise: the average room rate rose four percent globally compared with the same period in 2013. Its biggest growth was in the Caribbean, where the price paid for a room increased by six percent from last year, followed by the Middle East and Europe, which both saw five percent growth. The price held steady from 2013 to 2014 in both Asia and the Pacific. Among the cities that recorded the biggest increases in average room rates: Dublin, Ireland, where rooms jumped a full 18 percent (from $143 to $169). In Los Cabos, Mexico, they rose 17 percent—from $231 to $270. London and Athens, Greece, both saw 14 percent increases, pushing average room rates to $271 and $148, respectively.

One of our favorite lists in the the site's annual study is of the Best Five-Star Values—the cities where travelers can find the most affordable luxury hotels. Surprisingly, six of the top 10 international cities with well-priced luxury rooms are in Europe. Joining Warsaw are Pisa, Italy ($172); Budapest, Hungary ($199); Brussels, Belgium ($205); and Istanbul and Berlin (both at $210). Other notable destinations with well-priced luxury hotels: Mumbai and Delhi, where nightly rooms are $176 and $179, respectively.

The city with the most expensive luxury hotels in the world? Tokyo, where travelers paid an average of $562 a night. Interestingly, Boston ($538) edged out New York City ($496) for the priciest five-star rooms in the U.S.

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