Hogg Robinson Group (HRG) international corporate travel services company has revealed a barometer for the Corporate Travel Market of changing travel patterns of business travellers.
The 2008 hotel survey reports a mixed picture for the hotel market.
Across the world, all regions reported rate rises – albeit at a slower pace than in 2007.Margaret Bowler, Director Global Hotel Relations at HRG, says: “The hotel industry has reported a mixed picture over 2008. There is no doubt that this is a challenging time for corporate travellers and hoteliers and the fluctuating exchange rate has had a significant impact on the UK corporate traveller. Although rates have flattened in recent months, in some parts of the world demand still outweighs supply.
As such, there continue to be pockets of growth in cities such as Moscow, Berlin and Abu Dhabi. The list below shows the top 10 most expensive cities worldwide, listing the average room rate (in sterling) in 2008 followed by the increase, or decrease, over 2007.
MOSCOW £303.35 +22%
NEW YORK CITY £222.97 +15%
PARIS £200.16 +16%
MUMBAI £196.38 +21%
ABU DHABI £191.47 +36%
MILAN £190.72 +15%
GENEVA £183.24 +26%
DUBAI £182.94 -2%
STOCKHOLM £178.64 +11%
ZURICH £178.23 +19%
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Post from: Luxury Travel Breaks
Top 10 most expensive cities worldwide in 2008
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