According to the latest survey by HRG, business hotel rates are soaring. And the higher the star rating a hotel has, the higher is the rate growth.
Moscow leads the pack as having the most expensive average corporate hotel rates worldwide. From an average room rate of £169.67 in 2005, it rose to £219.19 this year.
Mumbai, surprisingly, has the higest increase (with 46%) in average rates. Average rate for 2006 is £109.55.
Region-wide, the Asia Pacific region has the most significant increase.
Germany's corporate rates significantly increase because of the recent World Cup event.
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