Australia rates increased the most compared to the rest of the world
San Francisco, CA -- (SBWIRE) -- 09/10/2012 -- Latest surveys have showed that the average price of a hotel room increased by as much as four percent as compared to the same period in 2011, regardless of the currency. The survey also showed that prices paid per room around the world were approximately 140,000.
Prices in the Pacific as a result of the Australia’s strong economy have increased about 6% where as Asia after recovery from the natural disaster last year, which greatly affected the performance, reported an increase of 4% in the prices. North America and Caribbean had a 5% increase and Europe, Middle East and Latin America jumped up 1%.
Vice president of Hotels.com Asia Pacific, Johan Svanstrom said that, “The latest HPI figures prove the hotel industry’s recovery has begun. Hotel rates are on the rise in APAC (Asia Pacific) as business travel remains buoyant and leisure travel becomes more affordable and accessible with the expansion of low cost carriers throughout the region. We expect this upward movement across APAC to continue in 2013.” Hospitalitymagzine.com
The occupancy rate in Australia flew this year as it reached the highest in the last decade. As a result the demand surpassed supply in the main business hubs and tourist hubs. The prices in the Western Australia on their peak due to the resources boom and the prices of the room per night reached up $211, which is 21% up as compared to the first half of the year 2011. One of the confirm source reported that the rates of the Perth were rose in order to cover the Sydney and Melbourne rates.
According to the latest research Whitsundays has become the most expensive destination all over Australia where the nightly rate of a room is $252 almost $84 above on the average from the rest of the tourist hubs in the country.
Major hubs like Sydney and Melbourne have the per night rate of $185 and $163 respectively.
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