Business travel demand leads to hike in Hong Kong hotel room rates

A boom in the business travel industry has led to an increase in hotel rates across the Asia Pacific region, including Hong Kong.

This is according to the HRS Hotel Price Radar for Q1 2015, which said that alongside Hong Kong, Macau and Sydney also emerged as the top cities with the most expensive average hotel room rates for the first three months of this year. Macau showed the highest increase among all Asia-Pacific destinations, while Hong Kong room rates rose by 20 per cent compared to the same period last year, to an average of SGD$242 per night.

The findings are based on data collected from hotel bookings made through the HRS portal in the first quarter of this year. 

Todd Arthur, managing director Asia-Pacific for HRS, said: "Asia-Pacific continues to draw visitors from across the world, and as this quarter’s HRS Hotel Price Radar shows, the business tourism segment in particular is going strong."

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