Press release -
2013 Global Hotel Rate Development - Asian cities more affordable, Bangkok with sharp increase
PRESS RELEASE
Hotel Rate Development 2013
Cologne/Singapore, 6th of January 2014 –
Most Asian Cities getting more affordable, though Bangkok sees sharp increase +++ Hotel rates remain stable in German cities +++ Zurich, London and Moscow remain the most expensive cities in Europe +++ New York has the most expensive room rates in the world +++
Most Asian Cities getting more affordable, though Bangkok sees sharp increaseComparatively, hotel room rates have fallen as compared to 2012 in most Asian cities except for Taipei (plus 3.66 per cent) and Bangkok (plus 11.03 per cent), which has one of the highest increments worldwide. Price competitiveness and differentiation have led to a price war within popular cities such as Singapore (144.53 €), Tokyo (134.35 €) and Seoul (136.24 €) where throngs of tourists visit annually in the recent years. In addition, the Indian cities such as Delhi (minus 26.63 per cent) and Mumbai (minus 12.43 per cent) witness a substantial drop on average room rates as well as compared to 2012.
Top Destinations |
∅ Room rate per night |
Rate development 2013 |
Asia |
2013 |
to 2012 |
Bangkok |
64.93 € |
11.03% |
Singapore |
144.53 € |
-0.07% |
Tokyo |
134.35 € |
-18.74% |
Kuala Lumpur |
57.81 € |
-8.55% |
New Delhi |
43.21 € |
-26.63% |
Seoul |
136.24 € |
-9.11% |
Mumbai |
92.24 € |
-12.43% |
Taipei |
111.75 € |
3.66% |
Table 1: Average room rate per night for hotel stays in Asian cities
Hotel rates remain stable in German Cities
The average price for hotel room nights remained stable in most German cities in 2013. Hotels in the trade fair city of Cologne saw the most significant increase in price with an average of three per cent. Munich, Hamburg and Frankfurt measured a slight increase in hotel room rates in the past year. In the remaining German cities, the hotel room rates remained on the past year’s level and are on a moderate level if compared with the rest of Europe.
The development in pricing outside of Germany has been quite diverse. HRS ascertained that the - on average - most expensive rates were found in New York (187 Euro), Rio de Janeiro (179 Euro) and Sydney (174 Euro). Zurich remains the frontrunner amongst the investigated European top destinations with 145 Euros, followed by London and Moscow. The largest increase in price was measured in Oslo with more than five per cent. City travellers found the most inexpensive room rates in Prague with an average room rate of 70 Euro. Comparably inexpensive room rates could also be found in Budapest, Warsaw, Lisbon and Athens, where the average rate is below 80 Euro. HRS, Europe’s leading hotel portal, came to these results after evaluating all hotel reservations made through the booking portal in the past year.
Munich is the only city in Germany above 100 Euro
The hotel room rates remained relatively unchanged in most German cities in 2013. Only Cologne, Munich, Hamburg and Frankfurt saw a slight increase in the average room rates. Especially the hotels in Cologne were able to profit from the many trade fairs and demanded an average of three per cent more for a hotel room. Munich, the Bavarian capital, remains to be the most expensive city in Germany with an average room rate of 109 Euro and is the only city progress beyond the 100-Euro-threshold. In addition, the rates in Munich, Hamburg and Frankfurt/ Main slightly increased. The most inexpensive hotel rooms are furthermore found in the east of the republic and one may spend a night in Dresden for an average of 82 Euro. And despite the increasing number of visitors, the rates in Berlin remained moderate and guests only have to pay 85 Euro for a room on average.
Top Destinations |
∅ Room rate per night |
Rate development 2013 |
Germany |
2013 |
to 2012 |
Berlin |
85,09 € |
-0,08% |
Dresden |
81,98 € |
0,45% |
Dusseldorf |
93,01 € |
-0,68% |
Frankfurt/Main |
98,18 € |
1,43% |
Hamburg |
99,21 € |
2,05% |
Hannover |
90,53 € |
-0,74% |
Cologne |
97,56 € |
3,13% |
Munich |
109,42 € |
2,98% |
Nuremberg |
87,42 € |
-0,67% |
Stuttgart |
88,90 € |
0,01% |
Table 2: Average room rate per night for hotel stays in German cities
Zurich, London and Moscow are the
most expensive top destinations in Europe
The rest of Europe is patchy. Zurich remains the most expensive city to stay
with an average of 145 Euro per room, followed by London with room rates of 142
Euro and Moscow with 141 Euro per night. City travellers found the most
inexpensive room rates in Prague, even if the rates in the Golden City rose by four
percent and are at 70 Euro.
Visitors to Budapest, Warsaw, Lisbon and Athens were able to go easy on their travel expenses thanks to moderate room rates. The rates in Warsaw decreased the most and the hotels there could not sustainably profit from the Word Cup 2012. They saw an average decrease of nine per cent. Madrid also saw a decrease of some seven per cent – a noticeable effect of the consequences of the economic crisis in Spain. Zurich remains the frontrunner of the comparison of the top destinations, with an average of 145 Euro despite a decrease of three per cent on the average room rates. Vienna, Moscow and Amsterdam also had slightly less expensive room rates than a year before- the room rates dropped by four per cent in these cities. The largest increase in the room rates was seen in the major Scandinavian cities Stockholm (138 Euro), Oslo (133 Euro) and Copenhagen (129 Euro), where the room rates increased by around five per cent.
Top Destinations |
∅ Room rate per night |
Rate development 2013 |
Europe |
2013 |
to 2012 |
Amsterdam |
121,79 € |
-2,36% |
Athens |
78,36 € |
-0,85% |
Barcelona |
104,90 € |
-1,22% |
Berlin |
85,09 € |
-0,08% |
Budapest |
71,63 € |
1,08% |
Helsinki |
119,52 € |
-0,71% |
Istanbul |
92,95 € |
0,81% |
Copenhagen |
129,46 € |
4,71% |
Lisbon |
78,14 € |
0,69% |
London |
142,09 € |
3,64% |
Madrid |
81,89 € |
-6,58% |
Milano |
105,97 € |
0,55% |
Moscow |
141,45 € |
-2,71% |
Oslo |
132,57 € |
5,46% |
Paris |
133,98 € |
0,35% |
Prague |
70,28 € |
4,33% |
Rome |
96,70 € |
0,94% |
Stockholm |
137,78 € |
5,27% |
Warsaw |
74,42 € |
-9,09% |
Vienna |
92,48 € |
-3,82% |
Zurich |
144,93 € |
-2,65% |
Table 3: Average room rate per night for hotel stays in European cities
New York is the global frontrunner, followed by Rio de Janeiro and SydneyThe hotel room rates partially decreased significantly in around two thirds of international metropolises. Especially Tokyo, with 134 Euro per room (a minus of 19 per cent) has significantly reduced room rates than in the year before. Mumbai, Shanghai and Buenos Aires all saw a decrease of ten per cent on the average room rates, too. Mexico City (plus 13 per cent), Bangkok (plus 11 per cent) and New York (plus 9 per cent) are now more expensive. The city that never sleeps therefor holds the front runner position worldwide. Hotel owners in New York had set their rates at 187 Euro per night at an average, followed by Rio de Janeiro (179 Euro) and Sydney (174 Euro). For that price, one could have booked nearly three nights in Kuala Lumpur (58 Euro), Shanghai (64 Euro) or Bangkok (65 Euro).
Top Destinations |
∅ Room rate per night |
Rate development 2013 |
worldwide |
2013 |
to 2012 |
Bangkok |
64,93 € |
11,03% |
Buenos Aires |
84,38 € |
-10,81% |
Dubai |
116,42 € |
1,92% |
Hong Kong |
139,95 € |
-4,45% |
Cape Town |
98,64 € |
-7,84% |
Kuala Lumpur |
57,81 € |
-8,55% |
Las Vegas |
77,84 € |
0,80% |
Mexico City |
67,93 € |
13,12% |
Miami |
114,90 € |
3,60% |
Mumbai |
92,24 € |
-12,43% |
New York |
186,68 € |
8,89% |
Beijing |
69,83 € |
4,74% |
Rio de Janeiro |
179,18 € |
-3,63% |
Seoul |
136,24 € |
-9,11% |
Shanghai |
64,18 € |
-10,82% |
Singapore |
144,53 € |
-0,07% |
Sydney |
174,04 € |
-1,14% |
Tokyo |
134,35 € |
-18,74% |
Toronto |
99,03 € |
-1,64% |
Vancouver |
97,21 € |
-0,75% |
Table 4: Average room rate per night for hotel stays in top destinations around the world
HRS – The Hotel PortalHRS operates a global hotel portal for business and leisure travelers featuring over 250,000 hotels in 180 countries and covering all categories; on average, the site has 12 million visits per month. The complimentary booking service offers a price guarantee with money back promise. Standard bookings can be cancelled free of charge until 6 pm on the day of arrival. Choosing a hotel is made easier by comprehensive hotel descriptions, detailed photos and videos as well as some five million guest reviews. As a leader of innovation, HRS provides apps for all standard smartphones and tablet PCs, thus allowing customers to book the hotel room of their choice even when they're on the move. In addition to serving millions of private customers, HRS regularly receives accommodation reservations from more than 35,000 companies organising business trips, conferences and group travel; the latter benefit from special HRS business rates with up to 30 per cent off the day’s current prices.
Founded in 1972, the company is now part of the HRS GROUP based in Cologne, Germany. With more than 1,300 employees worldwide the group, which includes also the brands hotel.info and Tiscover, operates branch offices in Innsbruck, London, Paris, Rome, Barcelona, Istanbul, Warsaw, Moscow, Beijing, Shanghai, Singapore and São Paulo.
Contacts for the Press:
PRecious Communications for HRS Asia
Lars Voedisch
Phone: +65 – 9170 2470
E-Mail: lars@preciouscomms.com
HRS – The Hotel Solutions Provider (Asia Pacific)
Virginie Buades
Marcom Manager, APAC
Tel: +65 6580-2822
E-Mail: Virginie.Buades@hrs.com
Topics
- PR, Communication
Categories
- hospitality
- travel
- hotel rates development
- hrs
- key trends
- competitive
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