Business Traveller

How much for that hotel room?

Peter Myers

Nov 22, 2011 16:32 UTC

Released today, Hotels.com’s Hotel Price Index (HPI) shows increased corporate demand has sparked sizeable room-rate rises in certain hotspots.

Though hotel rates in the first six months of 2011 rose by just 3 percent globally, the HPI* points to Sao Paolo’s impressive 27 percent rise, and Singapore, Hong Kong and Sydney which show double-digit price increases.

Nigel Pocklington, senior vice president, global marketing at Hotels.com says there are several factors at play here:

“The relative strength of currencies, particularly in Sydney where you have a weaker pound up against a stronger Australian Dollar… and limited supply, especially in Sao Paulo and Hong Kong, also pushed up demand and fuelled prices.”