Hungarian hotel rooms are cheap

Hogg Robinson Group's (HRG) six month hotel survey has found that the international hotel market is proving resilient amid tough economic conditions with most regions experiencing growth.

The emerging economies have maintained
their previous strength with Moscow, at 25% growth, once again
topping the chart as the most expensive destination for corporate
travellers, and Mumbai booming with an average rate increase of 37%.
 All of the key European markets
exhibited strong growth with Berlin achieving the highest rate rise
of any city at 39% – rallied by an increase in demand in an under
supplied market and assisted by an upsurge in exhibition and
conference activity, particularly in the international film industry.
Abu Dhabi has entered the top 10 for
the first time and, with an average rate growth of 23%, its rates now
rival those of Dubai, reflecting the burgeoning economy in the Gulf.
Average rates in Eastern Europe and
Asia Pacific grew by 22% and 20% respectively – demonstrating clear
benefits from a continued focus on the luxury end of the market,
combined with an ongoing shortage of supply as hotels struggle to
keep pace with demand.
North America, where the dollar
exchange rate has stayed relatively stable during the period, has
stayed static with rates in New York remaining flat and marginal
declines of 3% and 2% noted in Houston and San Francisco respectively.