Average room rates in Asia decline

New Delhi sees biggest fall, of 26.6%, to €43.20

Asian cities have become more affordable over the last year, according to HRS’ price comparison study Hotel Rate Development 2013, although Bangkok and Taipei bucked the trend.

Comparing the Asian cities of Bangkok, Singapore, Tokyo, Kuala Lumpur, New Delhi, Seoul, Mumbai and Taipei, HRS said that most Asian cities saw a dip in hotel rates between 2012 and 2013.

New Delhi saw the largest fall – of 26.6% – to €43.20, followed by Tokyo which dropped 18.7% to €134.40. Kuala Lumpur rates dipped 8.6% to €57.80, while Singapore registered a mere 0.01% change to €144.50.

In contrast, Bangkok’s room rates jumped 11% to €64.90 while Taipei rates crept up 3.7% to €111.80.

Globally, New York is the global front-runner in room rates with average per-night accommodation at €187 euros, an 8.9% increase over last year.

In second place is Rio de Janeiro at €179 despite dipping 3.6%, while Sydney stakes third place with €174 after a 1.1% decrease in rates.

TTG Asia

[pictured: Hyatt Regency Delhi]

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