More Dallas hotel jobs
should be created as hotels begin charging higher rates and bringing in more money.
A recent report from Hogg Robinson Group
found that hotels throughout the world increased rates by 4 percent during the first half of 2011. Of the 50 cities included in the survey, 33 saw a yearly increase in hotel rates.
"Yet again our survey indicates how important it is for clients to keep control of their hotel programmes and drive volumes to maximize returns," Stewart Harvey, group commercial director for HRG, said in a statement. "Despite the fact that many large companies
have put in place travel restrictions and cost reductions, hotel rates in the majority of cities surveyed increased. Demand is driving the rate.
"We can expect hotel rates to continue to rise as more economies grow and business demand picks up," he continued. "During this time it is critical for clients looking to minimize travel spend to work with us to negotiate fair hotel rates."
Some important findings of the survey include:
- The number of hotels reporting an increase in rates grew from one-quarter during the first half of 2010 to two-thirds during the first half of this year.
- Moscow held onto the top position with the most expensive hotel rates.
- Istanbul saw the highest increase in rates at 37 percent.
- By region, the Asia Pacific saw the largest rate increase at 7 percent, while Eastern Europe experienced the largest rate decrease at 6.6 percent.
- North American hotels saw a 4 percent rate increase, with every major destination reporting growth, except for Los Angeles, Toronto, and Montreal.
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