HRS Annual Hotel Price Radar 2014 revealed the average hotel rates in the Asia Pacific last year. Based on data collected from all hotel bookings made via the HRS hotel portal in 2014, the analysis looks at per night room rates and found that hotel rates fluctuated widely across Asia-Pacific throughout the year.
According to the HRS Annual Hotel Price Radar released today, Melbourne, Sydney, and Singapore took the top slots for cities with most expensive average hotel room rates in 2014. With a 30 percent hike, Melbourne in Australia saw the biggest increase in hotel room rates in 2014. Closely following Melbourne is sister city Sydney, which takes the second spot on the hotel rooms rate list. Singapore on the other hand took the third slot after a 3.80 percent increase compare to 2013.
Bangkok experienced a 10 percent drop in room rates in 2014, as it struggled to overcome the impact of the tenuous political situation and unrest that plagued Thailand mid last year. Hong Kong, on the other hand, which takes the fourth place on the list of most expensive cities in terms of hotel room rates, witnessed a drop of less than a percentage point even with the Occupy Central civil disobedience movement taking place in the second half of the year. Hong Kong’s relatively more established position as a financial and business hub in Asia-Pacific might be one of the reasons for this discrepancy.
Hotel rates in other economic powerhouses such as Sydney, Singapore, Tokyo, Hong Kong, Jakarta, and Beijing, hotel room rates remained fairly stable with a less than five percent change as compared to the previous year.
|Top APAC Destinations||Room Rate per night in 2014 (in SGD)||Rate development compared to 2013 in %|