Global Hotel Room Rates Fall 14pc
Published by Irhal
The latest annual Hotels.com Hotel Price Index, released yesterday, showed that the average price of hotel rooms around the world dropped 14 percent in 2009. The price of hotel rooms dropped on every continent. Although prices fell consistently throughout 2009, near the end of the year the decline began to level off. During the fourth quarter of the year, the price of a hotel room globally fell 7 percent, down…
Dubai became a more attractive destination for travelers paying US dollars in 2009, because hotel rates in the emirate dropped by 25 percent from the year before. Hotel rate in Abu Dhabi fell by 17 percent for those paying in with dollars. For UK visitors paying for hotel rooms with sterling, the drop was a more modest 10 percent in Dubai and 5 percent in Abu Dhabi.
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