Hong Kong travellers are paying less for hotels in the region than a year ago as many locals take advantage of better exchange rates as the local currency has strengthened in line with the US dollar. According to statistics released by hotels.com, prices for hotels in Tokyo and Taipei dropped more than 10 per cent over the past year. Out of the 46 countries surveyed in the site’s report, only eight saw prices rise in the first half of this year. The average price of a hotel in Taipei dropped 11 per cent to HK$790 a night, while a Seoul hotel room was on average 16 per cent cheaper at HK$780 a night. There were also benefits for travellers to the city, with Hong Kong hotel prices falling a larger 21 per cent from HK$1,117 to HK$882. All statistics were taken between January and June this year, and were compared with the same period last year. Smart Travel Asia editor Vijay Vergese said while hotel prices were certainly competitive in the Asia region, he would not say they were dropping overall. “The region is actually quite mixed,” he said. “Bali has been going up slowly, although I think in Bali hotels are still underpriced for the service they’re providing.” Vergese said in Hong Kong, hotel prices would depend on whether a business was looking for yield or for occupancy. “At the four-star level there’s been quite a drop and when the four-star level drops, the whole edifice tends to cave in along with it,” he said.