Moscow Has Most Expensive Hotel Rates in World, Report Shows
August 9, 2010 |11:33 | General By : Team X
Moscow retained its ranking as the city with the most expensive average hotel room rate in the world, a survey by business travel agency Hogg Robinson Group Plc showed. The average rate in the city in the first half was 256.83 pounds ($407), Hogg Robinson said in a report on its website today. Geneva followed as the second-most expensive city at 199.11 pounds and Hong Kong at 197.61 pounds.
The hotel market in Europe and the U.S. “appears to be stabilizing,” with cities including Amsterdam, Stockholm and Zurich showing increases in average room rates, according to the report.
Hotels are recovering after struggling to attract business over the past two years as the recession deterred holidaymakers and forced companies to cut budgets.
“Globally, the hotel industry has shown signs of recovery in the first half of 2010,” Hogg Robinson spokeswoman Margaret Bowler said in the report. “Moscow yet again retains its place as the city with the highest average room rate for the sixth year, despite a fall of 12 percent when measured in local currency.”



Parking in Manhattan is still more expensive than it is anywhere else in the country. But if you’re just driving in for a day, you’re currently getting a better deal than you did last year.
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