Hotel room rate rises around the world are being led by “supercities” rather than national trends.
Moscow retains its top ranking spot as most expensive for the tenth consecutive year, despite
a slight rate ARR decline (0.78%) year on year.Rate increase for the hotel industry generally
remains slow but steady, with Europe and the Americas leading the way.Financial capitals
have seen stronger increases as the banking sector regains its footing.Though Africa and Asia
showed a slight overall decline in average room rates, certain individual cities
maintained growth in each case.Significant rises were attributable to exchange rate variations
rather than real growth in certain cities, including Cape Town and Tokyo, and in some popular
destinations, declines in average rate were attributable to increases in bed stock,
offering good news for travellers.
