Hotel rates remain below pre-crisis level

What are the current trends on the hotel rates front? hotel.info, the free online hotel reservation service for more than 210,000 hotels around the world, has once again focussed the spotlight on its hotel price investigations.

The web site has compared the data collected for April 2010 with the information from March, as well as the comparable period in previous years (April 2009 and, especially, April 2008).

The latest results are clear.
- Accommodation rates remain below their pre-crisis level.
- The majority of cities are now reporting significantly higher hotel room rates than for the same period last year. Overall, the hotel market is continuing to stabilise. This development can be seen in major cities in Europe and in the rest of the world.

Source: TDN

28.05.10