Hotel rate parity trends for October to December 2011 of three, four and five star hotels across some of the major cities in Asia.
In Asia Pacific, as with airfare, the increased volume of travelers in the region, coupled with constrained capacity, is resulting in increased hotel rates.
In Asia Pacific, as with airfare, the increased volume of travelers in the region, coupled with constrained capacity, is resulting in increased hotel rates.
The average price of a room around the world rose by just 3% in the first six months of the year but this masked some steep rises and falls in regions affected by the historic events.
The average price of a room around the world rose by just 3% in the first six months of the year but this masked some steep rises and falls in regions affected by the historic events.
A more detailed analysis by hotel category and per region will be available during the Global Lodging Forum - Thursday 5th and Friday 6th of March at the Four Seasons George V in Paris.Forecasts for the near future look bleak. For France, MKG Hospitality estimates a decrease in RevPAR of 6% to 9%.
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