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Melbourne, Sydney & Singapore Have Highest Average Hotel Rates in APAC: HRS Annual Hotel Price Radar

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-HRS Hotel Price Radar 2014 reveals list of cities with most expensive average per night hotel prices; Melbourne shows highest increase in hotel rates with 30 percent rise
SINGAPORE, Feb. 18, 2015 /PRNewswire/ — According to the HRS Annual Hotel Price Radar, Melbourne, Sydney, and Singapore took the top slots for cities with most expensive average hotel room rates in 2014. Based on data collected from all hotel bookings made via the HRS hotel portal in 2014, the analysis looks at per night room rates and found that hotel rates fluctuated widely across Asia-Pacific throughout the year.

With a 30 percent hike, Melbourne in Australia saw the biggest increase in hotel room rates in 2014. This can be attributed to the burgeoning MICE sector in Melbourne. The state-driven initiative to position Melbourne as the events capital of the world and boost tourism through meetings and events seems to have borne fruit in 2014. Closely following Melbourne is sister city Sydney, which takes the second spot on the hotel rooms rate list.

“Hotel room rates are a key indicator of both tourism and business travel levels throughout the year and our analysis shows that companies have confidence in the APAC region and are continuing to push for global growth,” said Todd Arthur, Managing Director APAC at HRS while commenting on the HRS Annual Price Radar. “HRS’ goal is to support businesses as they address business travel related challenges, and identify smarter, strategic and more cost effective accommodation solutions that allow their employees to do their best work while on the move.”

HRS’ analysis also revealed the varying impact of political instability in different countries. Bangkok experienced a 10 percent drop in room rates in 2014, as it struggled to overcome the impact of the tenuous political situation and unrest that plagued Thailand mid last year. Hong Kong, on the other hand, which takes the fourth place on the list of most expensive cities in terms of hotel room rates, witnessed a drop of less than a percentage point even with the Occupy Central civil disobedience movement taking place in the second half of the year. Hong Kong’s relatively more established position as a financial and business hub in Asia-Pacific might be one of the reasons for this discrepancy.

Hotel rates in other economic powerhouses such as Sydney, Singapore, Tokyo, Hong Kong, Jakarta, and Beijing, hotel room rates remained fairly stable with a less than five percent change as compared to the previous year.

Top APAC Destinations

Room Rate per night in 2014 (in SGD)

Rate development compared to 2013 in %

Melbourne

S$289.2

+31.40%

Sydney

S$256.2

-4.7%

Singapore

S$235.8

+3.80%

Hong Kong

S$223.2

-0.7%

Tokyo

S$212.2

+0.50%

Mumbai

S$128.9

-11.10%

Seoul

S$117.6

-17.10%

Beijing

S$113.2

+3.10%

Kuala Lumpur

S$111.6

+10.90%

Shanghai

S$110

+9.10%

Jakarta

S$103.7

-4.3%

Bangalore

S$102.2

-9.7%

Bangkok

S$91.2

-10.70%

About HRS Corporate — The Hotel Solutions Provider

HRS is a global hotel solutions provider and offers its more than 40,000 corporate customers worldwide a variety of tools and services free of charge, which cover the whole value chain for the entire hotel booking process — from hotel procurement, over booking transactions and innovative payment solutions to the transmission of relevant data for the analysis of the accommodation expenses. HRS individually looks after its customers and develops tailored solutions that allow expense savings, increase employee satisfaction and facilitate travel management. Intelligent end-to-end solutions for conference and group bookings complete the offered services for companies.

With more than 250,000 hotels in 190 countries, HRS offers a big selection of hotels worldwide. These include, among hundreds of hotel chains, also roughly 150,000 privately held hotels. Hundreds of Hotel Sales Managers in more than 50 countries contribute with their knowledge of the local market to a high availability of the hotels and an ideal customer service. Furthermore, corporate customers benefit from the HRS Business Tariff with saving up to 30 per cent on the up-to-the-minute daily hotel price in the internet in 35,000 hotels. The choice of the hotels will be facilitated by detailed hotel descriptions, meaningful photos and videos as well as about five million guest reviews. With more than 1,300 employees worldwide, the company based in Cologne, Germany, maintains branches in Nuremberg, Berlin, Innsbruck, Vienna, London, Paris, Rome, Milan, Barcelona, Istanbul, Warsaw, Prague, Budapest, Moscow, Hong Kong, Beijing, Shanghai, Singapore, Tokyo, and Sao Paulo. Further information at http://www.HRS.com.

Source: HRS Corporate

Written by asiafreshnews

February 23, 2015 at 5:46 pm

Posted in Uncategorized