The average price of a night in London crept up during the first half of 2013, according to a report by business travel firm HRG.
But it’s not just consumers in the capital that experienced rising prices; average room rates in 31 of the top 50 global cities climbed during the first six months of the year compared to the same period in 2012, adds buyingbusinesstravel.com.
London rates reached an average of £164.63, marking a modest increase of 0.7 per cent year-on-year. While those heading to the capital for a business meeting in a conference space, complete with overnight stop, may feel hard done-by at London’s prices, they should take solace in the fact Moscow has the highest-priced hotel rooms at an eye-watering £263.07.
In terms of borough, hotel prices rose by 1.5 per cent to £172 in central London and the West End but in the City of London, prices dropped to the same price (£172). Prices in Hammersmith and Kensington rose by seven per cent to £160 while Docklands prices rose by three per cent to £159.
On the other hand, rates in Manchester, Newcastle, Glasgow, Belfast and Liverpool dropped by as much as four per cent in some areas, cites londonhotelsinformation.com.
Nevertheless, HRG’s director of global hotel relations Margaret Bowler was pleased with the figures: “On the whole, occupancy is increasing faster which, coupled with continued high demand, means we will be likely to see rates climbing in certain markets in the second half of the year and beyond.”