30 NOVEMBER 2015

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Article from BTNews 30 NOVEMBER 2015

Hotel rates still rising

Business travellers are paying more for their accommodation as hotel rates continue to rise, according to analysis by industry supplier HRS of prices from the third quarter of 2014 to 2015.

New York, previously with the most expensive rates, is now sharing this position with Boston, which saw a 35% increase. New York's rates were nearly 30% up.

In Asia, Tokyo also saw a 35% rise, but the survey says Asia remains keenly priced, with Kuala Lumpur averaging £50 per night.

In Europe, room rates in key cities rose by an average of 9%, compared with a rise of just 2% between 2013 and 2014.

The UK has seen an average increase of 16% across its nine major cities, with the biggest rise, 31%, in Cardiff. Bristol emerged for the first time as the third most expensive place to stay following a 17% increase in average rate.

HRS said major sporting events such as the Rugby World Cup and the Ashes during Q3 2015 will have contributed to the increases as hoteliers capitalised on the surge in demand from visitors.

“In the UK as a whole, rates are remaining buoyant as business travellers continue to have confidence when it comes to spending,” the company added.   www.hrscorporate.com

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