Albury Hotel Manager Discovers While on Holidays that Hotel Rooms Across the Globe are Becoming Cheaper and Cheaper!

by albryho on

Albury hotel profit and lossAlbury hotel studies show World-wide hotel rates fell 14% last year as the recession continued to dent travel industry profits, according to the Hotels association.
The company’s Hotel Price Index, which tracks the real prices paid per room, customers around the world, revealed travellers spent 13% less on hotel rooms in Europe during 2009 than the previous year, 14% less in the U.S., 16% less in Asia and 21% less in Latin America.
Albury hotels studies show that the average price of a hotel room across the world was cheaper…
Albury hotel keeps up to date with the biggest Internet travel agency, said declines of hotel room rates has started to slow as cheaper currencies attracted more travelers in some regions.
Hotel room rates fell 7 percent in the three months compared with a full-year drop of 14 percent, Albury hotels said in a report.
In terms of currency the weakness of the pound attracted a record number of travelers from the Middle East to London, the hotels association encouraged Britons to spend their vacations in their home country. The 3.9 percent visitor decline in New York was lower than expected as the U.S. currency was cheaper than in the previous year.
According to the president of the hotels association, Prices probably won’t recover significantly this year in most regions and will continue to fall in Asia, the Middle East and Latin America, he added.
The albury hotel studies  is based on hotel transactions conducted by the Hotels association Web site during the period, so the decline may represent consumers switching to cheap accommodation hotel rooms as well as hotels reducing their room rates.
Albury hotel studies show Declines were the biggest in Moscow where rooms cost 27 percent less than in 2008. Prices dropped 10 percent in Dubai, 12 percent in Beijing and 11 percent in Vienna. Monaco has advanced 3 % and has replaced the Russian capital as the most expensive holiday destination with an average room rate of $256 or 172 pounds.
Studies show 5 star hotels were the most affected during last year’s decline. Private hoteliers are reacting to the global fall in demand with more promotional offers such as three nights for the price of two. While 30 percent of all bookings through the hotels association were discounted in the first quarter of 2008, that figure rose to more than 50 percent in the middle of last year.
While business travel declined last year, leisure and tourism was the least affected hotel category. The Albury hotel invites more business travelers from countries that are suffering less from the global crisis and will give customers “value adds” such as shopping coupons or free extra nights.

Albury Hotel Manager Discovers While on Holidays that Hotel Rooms Across the Globe are Becoming Cheaper and Cheaper!Albury hotel studies show World-wide hotel rates fell 14% last year as the recession continued to dent travel industry profits, according to the Hotels association. The company’s Hotel Price Index, which tracks the real prices paid per room, customers around the world, revealed travellers spent 13% less on hotel rooms in Europe during 2009 than the previous year, 14% less in the U.S., 16% less in Asia and 21% less in Latin America.Albury hotels studies show that the average price of a hotel room across the world was cheaper…Albury hotel keeps up to date with the biggest Internet travel agency, said declines of hotel room rates has started to slow as cheaper currencies attracted more travelers in some regions.Hotel room rates fell 7 percent in the three months compared with a full-year drop of 14 percent, Albury hotels said in a report.In terms of currency the weakness of the pound attracted a record number of travelers from the Middle East to London, the hotels association encouraged Britons to spend their vacations in their home country. The 3.9 percent visitor decline in New York was lower than expected as the U.S. currency was cheaper than in the previous year.According to the president of the hotels association, Prices probably won’t recover significantly this year in most regions and will continue to fall in Asia, the Middle East and Latin America, he added.The albury hotel studies  is based on hotel transactions conducted by the Hotels association Web site during the period, so the decline may represent consumers switching to cheap accommodation hotel rooms as well as hotels reducing their room rates.Albury hotel studies show Declines were the biggest in Moscow where rooms cost 27 percent less than in 2008. Prices dropped 10 percent in Dubai, 12 percent in Beijing and 11 percent in Vienna. Monaco has advanced 3 % and has replaced the Russian capital as the most expensive holiday destination with an average room rate of $256 or 172 pounds.Studies show 5 star hotels were the most affected during last year’s decline. Private hoteliers are reacting to the global fall in demand with more promotional offers such as three nights for the price of two. While 30 percent of all bookings through the hotels association were discounted in the first quarter of 2008, that figure rose to more than 50 percent in the middle of last year.While business travel declined last year, leisure and tourism was the least affected hotel category. The Albury hotel invites more business travelers from countries that are suffering less from the global crisis and will give customers “value adds” such as shopping coupons or free extra nights.

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