HRG survey finds hotel price increases in most markets

07/28/2008 | Travel Weekly

Despite economic slowing around the world, hotel prices in most markets increased, according to a recent survey by Hogg Robinson Group. "As forecasted at the start of the year in our 2007 annual hotel survey, the midyear results have shown that the international hotel market continues to be resilient, with most regions seeing an increase in average rates in the first half of 2008, as demand continues to outstrip supply," said Margaret Bowler, HRG's director of global hotel relations. "However, we are increasingly seeing rates level off in certain markets as they adjust pricing structures to meet market expectations."

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