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|
|New York City||£178.94|