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...
Hotel Price Index
The average global hotel price per room fell some 12 per cent last year, according to the latest Hotel Price Index from Hotel.com. This is the first on-year drop in room prices in five years for the Asia Pacific region. Compared to 2007 prices, room rates in the Philippines, New Zealand and Australia fell most significantly at between 22 and 35 per cent. Many Asian cities saw substantial drops, with...