Africa and Asia Pacific hotel rates show biggest increase, says report

Africa and Asia Pacific hotel rates show biggest increase, says report

Hotel rates across Africa and Asia Pacific increased the most last year while European prices fell, according to a new report. Hogg Robinson Group’s (HRG) latest hotel survey revealed that more than half of the cities included in the report had increased their hotel prices, particularly in Hong Kong, Singapore and Sydney. “Of the 75 cities we surveyed, more than half recorded room rate increases, reflecting the improving – albeit tentative – levels of business confidence,” said Margaret Bowler, Director of Global Hotel Relations at HRG. “Of course, particular countries and regions are emerging quicker than others from recession but there are definite signs of increasing room rates, which go hand in hand with increasing business travel.” European cities such as Athens and Dublin experienced hotel rate slumps of 9 percent and 11 percent respectively as they fight back from the recession, although Zurich reported a 13 percent increase in hotel prices. However in the UK, fares increased 3 percent due to the return of business travel and the weak pound, which encouraged international tourists. Meanwhile cities in the US and Canada witnessed a rise in hotel prices including a 2 percent rise in New York and 7 percent increase in Los Angeles, Montreal and Washington. In addition, the Middle East experienced the greatest regional decrease in average room rates due to a slow tourism recovery from the recession. Abu Dhabi’s hotel room rates dropped 25 percent and moved from the world’s second most expensive room rate destination to 19th.  

Gary Marshall
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Gary Marshall
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