Good news for Singaporean holiday makers and local businessmen travelling abroad. According to the latest Hotel Price Index from Hotels.com, the average price of a hotel room around the world fell by 17 per cent in the first six months of 2009.
The survey found that in major destinations across the Asia Pacific, Singaporeans are now able to enjoy lower hotel rates for regional travel.
Beijing saw hotel prices drop by 32 per cent while Shanghai fell by 13 per cent.
Meanwhile, hotel prices for Hong Kong, Taipei and Seoul have all fallen by over 20 per cent.
Rates in Australia and New Zealand also went down, with hotel rates in Sydney falling by 30 per cent and Auckland declining by 40 per cent.
Back home, hotels in Singapore had the fifth biggest decline on a global basis, with a 35 per cent fall in local hotel prices from last year.
Hotels.com said the significant fall in hotel prices in Singapore and the Asia Pacific, once again makes this region attractive for both leisure and business travellers.
Source : Channel NewsAsia – 15 Sep 2009