Corporate travelers spend less money for hotels and stay for shorter time
Average length of stay declined notably from 1.9 to 1.5 nights per stay in 2008, reflecting a trend for shorter business trips as companies adopt more stringent travel policies.
Despite the global economic downturn, Hogg Robinson Group’s
(HRG) 2008 hotel survey reports a mixed picture for the hotel market.
Rates flattened, and in some cases fell, in the second half of the
year as the effects of the current climate took hold, but pockets of
growth remain in cities where demand continues to outstrip supply.
Moscow emerged as the most expensive destination worldwide for the
fourth consecutive year, posting a substantial 22% average rate rise.
New York is on the secon, Paris on the 3th place.
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