Monday, September 10, 2012

Global Hotel Prices Rise in all Regions

Global Hotel Prices Rise in all Regions

LONDON, September 4, 2012/PRNewswire/ --

Recovery in the hospitality sector gathered speed with a 4% increase in the

first half of 2012 but average prices remain at 2005 level, says new

[ ] Hotel Price Index

For the first time in five years, travellers paid more on average for their hotel rooms during the first six months of 2012 in all parts of the world, according to the latest [ ](R) Hotel Price Index[TM] (HPI(R)). The global 4% rise, compared to the same period the year before, demonstrated that the economic recovery in the hotel industry was well-established.

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