Nightly room rates in Bengaluru, India has seen the biggest increase among Asia-Pacific metropolises in the third quarter of this year, according to a study by corporate hotel solutions provider HRS.
The 2016 Q3 HRS Hotel Price Radar report showed that room rates in Bengaluru spiked 16.2 per cent compared to the same period in 2015, resulting in an average price of US$94.50 per night.
This is the largest surge among all Asia-Pacific cities, followed by Singapore with a much smaller 1.2 per cent hike, albeit from a higher base, reaching US$191 per night on average.
Meanwhile, the popular city of Bangkok has seen a significant 9.1 per cent decline in room rates to an average of US$76.50 per night, the biggest percentage drop among all cities studied.
“The insights indicate that business travel in India has increased significantly. With increased airline routes to various parts of India, it is expected that the number will only continue to climb,” said Emmanuel Ebray, managing director APAC for HRS.
“We are educating corporations in India and helping them manage the high costs in room rates and guiding them on how to achieve higher costs savings yet not jeopardize safety and the other needs of travellers.”
