Home > Asia
Related topics: Asia,Hotel Report, Singapore
May 8, 2015
|

Asia: Business Travel Demand Drives APAC Room Rates up in 1Q


In partnership with:


Hotel room rates were mostly up across the board in Asia-Pacific as business tourism surged this quarter, according to HRS Hotel Price Radar.

Macau, Sydney and Hong Kong were found to have the highest average hotel room rates, in the Singapore dollar, from January to March.

Room rates in Macau leapt 64 per cent year-on-year to hit S$269 (US$202), likely because Macau has been very proactive in developing MICE and business events to diversify and move away from relying only on gaming and mass Chinese tourism.

Sydney was in second place at S$243 despite a negative 2.3 per cent drop in average rates compared to the same time last year. Hong Kong prices soared by 20 per cent for an average of S$242 per night.

Business capitals in the region such as Singapore, Beijing, Shanghai, Jakarta and Bangkok all saw double-digit growth, indicating increased levels of business travel.

Todd Arthur, managing director Asia-Pacific for HRS, commented in a press release: “Asia-Pacific continues to draw visitors from across the world, and as this quarter’s HRS Hotel Price Radar shows, the business tourism segment in particular is going strong.

Read More


What do you think of this $type?
 

About the Author: TTG AsiaNews

TTG AsiaNews


PUBLISHING PARTNERS

 

GLOBAL ASSOCIATION PARTNERS

GLOBAL EVENT PARTNERS

   IT&CM China  Caribbean Meeting Incentive Travel Exchange      Gulf Incentive, Business Travel & Meetings Exhibition EIBTM IBTM IMEX America  IT&CMA IT&CM China IT&CM India Conventa BTC convene  cventMBTMMA 2013 COCAL 

GLOBAL AGENCY PARTNERS                                                                                           OFFICIAL TRADE SHOW PARTNER FOR THE UK MEETINGS MARKET 

MCI Ovation Euromic