Hotel rates approaching prerecession levels, reports

09/11/2013 | TravelPulse

Steady growth since 2010 has brought global hotel rates close to levels seen in 2006,'s Hotel Price Index shows. Hotel rates through the first half of 2013 rose 2% against the previous year, with Latin America recording the strongest rates growth at 7%. "Another phenomenon impacting global hotel prices is the huge and rapid rise in number of Chinese international travelers. China has officially become the world's largest outbound tourism market with an estimated 83 million overseas trips made by Chinese citizens, according to the China Tourism Academy 2013 report," said President David Roche.

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