Hotel room rates increases are proportionate to the star rating, according to the results of a survey conducted by travel management company HRG.
The TMC has said for the first time, the higher the star rating, the greater the growth in the average rate – five star hotels are up 15.2% from 2005 while the budget sector is up 4.8%. HRG’s survey is based on industry figures, room nights booked and rates paid by its UK clients during January-September 2006 compared to the same time last year.
Moscow has the most expensive average corporate hotel rates worldwide – increasing 29% to £219.19. London was rated as the sixth most expensive, with an increase of 7% and rooms costing £146.38.
The UK as a region saw a slight growth in room rates of 5%, which equated to around £5.25 per night. The Asia Pacific region saw the biggest growth – at 20% this was an increase of £17.67 per night.
HRG UK’s hotel relations general manager Margaret Bowler said: “The global hotel industry has once again seen significant growth in the first nine months of 2006 and has demonstrated a strong set of results in terms of average rate performance.”
Top Ten Most Expensive Cities Worldwide based on average hotel room rate
| City | Average room rate |
|---|---|
| Moscow | £219.19 |
| New York City | £178.94 |
| Paris | £157.94 |
| Milan | £153.66 |
| Hong Kong | £152.66 |
| London | £146.38 |
| Dubai | £142.94 |
| Stockholm | £142.65 |
| Geneva | £142.14 |
Rome | £141.07 |