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Hotel rates are rapidly rising across much of the world, according to two new hotel industry surveys. Properties in major European destinations reported average rate growth between 10 percent and 18 percent for the first six months of the year, according to an HRG survey. Another report, by Smith Travel Research and The Bench, showed that average daily rates in Europe in July jumped by an average of 20.7 percent year-over-year, while occupancy rates remained steady. Europe remained the most expensive region for travelers, and Moscow was the world's most expensive city, with average room rates up £16.06 (US$32.39) to £236.03 (US$475.72) from July 2006, according to the HRG survey, which was based on "a combination of industry figures, actual room nights booked and rates paid by its U.K. clients." Mumbai reported the fastest-growing ADR, with an increase of 30 percent for the first six months of 2007, on top of an average increase of 49 percent during 2006. | Daily Extras! Eclat Me | Success Tip of the Day| 1DailyDiversion| Eclat Web - Must Visit Websites! A Beautiful Pic Every Day! Word of the Day| Quotation of the Day| Make Money! Immigration News! Desire- WOW Stuff! Stock Mkt Updates |
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