Hotel rates have soared since the pandemic – but there might be just a little bit of stability in the forecast.

That’s the takeaway from the just-released Amex GBT Hotel Monitor 2026.

Global hotel rates are expected to remain relatively stable through 2026, “with geopolitical instability and uncertainty surrounding potential U.S. tariffs limiting demand and restricting sharp increases,” according to the new report.

There is a caveat. While the outlook for 2026 hotel rates overall is mostly moderate, Amex GBT’s consulting team predicts continued rises in rates for high-end accommodation, due to growing demand.

There are also steeper increases expected for hotel rates in Canadian cities.

In major cities worldwide, hotel rates will continue to inch up. That’s saying something, based on how high they are already. In New York City, Amex GBT pegs the 2026 increase at 4%, and in L.A., 2.2%. The expected increase for London hotel rates is 4.2%, and in Paris, 2.4%. Tokyo hotel rates look to edge up 2.5%, and in Rio, hotel rates are expected to climb 5%.

Toronto hotel rates meanwhile are expected to increase 5.8%. Montreal rates could tick up 1.8%, and Vancouver is forecast for an even steeper increase of 6.2%.

The full report can be found here.

Source: Travelweek