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Thursday, September 6, 2012

Hotel rates up on strong demand from domestic tourists: Study

Mumbai: The overall hotel rates in the country saw a 12 per cent rise during the first six months of the year.

This was due to a surge in demand from domestic travellers as overseas destinations became more expensive, according to the latest Hotels Price Index (HPI) study done by Hotels.com.

However, India remained the destination with the lowest rates in the price index.

The index looks at prices that people paid for their hotel rooms around the world.

The study also revealed that for the first time in five years, travellers paid more on an average for their hotel rooms during the first six months of the year in all parts of the world.

Globally, there was a four per cent rise compared with the same period the year before.

David Roche, President, Hotels.com, said, “The hotel industry bounced back in the first half of this year from a number of natural and political crises in 2011.

“However, the second half of the year, with increasingly mixed economic signals, will be interesting to watch.

“While initially, it may not seem good news for consumers, hotel prices are still only around the level as it was in 2005.”

In India, the overall rate rose 12 per cent following a surge in demand from domestic travellers.

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