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HRG International Hotel Survey

HOTEL SURVEY EARLY SIGNS OF RECOVERY BUT HOTEL RATES FAIL TO MATCH MARKET EXPECTATIONS £263.07 +39.07% For the tenth year MUNICH had the MOSCOW remains the highest increase in most expensive city ARR. for business travellers UP 2013 SALE 9.16% +6.41% FROM 2012 PRICES average growth in ARR in USA was good and driven primarily by the corporate market NEW YORK rooms have an ARR of £222.52 up from £203.86. The EUROZONE saw The slight fall in European room rates is driven mainly by EASTERN EUROPE EXCHANGE RATE DROPS a modest fall in GBP -3% drop in exchange rates.. exaggerated by exchange rates. HOMY C+1150 NEW ROOMS NOW OPEN Despite opening new rooms; ISTANBUL'S year on year ARR remained flat due to open conflict in nearby areas CAPE TOWN CAPE TOWN turned good growth into large local ARR growth TOKYO TOKYO continues 19% Local Var. ARR to do well 2014 FORTHCOMING WORLD CUP AND OLYMPICS EVENTS PREDICTS A 25% RIO DE JANEIRO GO TEAM BRAZIL 2014 HAS GROWN 4% IN GBP AND 11% LOCALLY RISE IN ARR +1% ARR +18% LONDON continues to Other regional cities remained flat, except ABERDEEN who saw a grow albeit modestly large growth in ARR HRG RG wwW.HRGWORLDWIDE.COM

HRG International Hotel Survey

shared by coup_will on Sep 19
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HRG Worldwide surveyed the global hotel market and found there are signs of recovery in the business travel sector as hotel sales pick up.


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