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The world’s most expensive hotel rooms
LONDON – Moscow is not the place to look for a cheap hotel room.
With an average room rate of US$475, Russia’s capital remains the most expensive city to stay in, according to travel management company HRG (Hogg Robinson Group).
HRG’s half-year hotel survey 2007 shows rates are continuing to rise throughout the world.
New York is second from the top, although a long way behind the Russian capital.
Dubai’s appeal as a tourist destination saw the city rising from seventh to third place in HRG’s top ten, while London has fallen three places and is now the ninth most costly for hotel rates.
“Europe has seen strong increases, and rates in the Middle East and Asia have also risen,” said HRG director global hotel relations, Margaret Bowler.
“As these two [latter] markets have yet to reach full maturity, we expect to see the trends continue for the foreseeable future.
“Indeed, as economic investment in each local economy increases, we may even see a significant increase in the pace of growth.”
All regions except Africa have seen significant growth during the past six months, led by Eastern Europe with average room rates increasing by 18.7 percent – largely due to Moscow.
Investments in Dubai, Abu Dhabi and Qatar also helped rates in the Middle East and West Africa region to rise by 14 percent.
Ian Jarrett
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