According to the HRS Q2 2015 Hotel Price Radar,
hotel room rates in Tokyo, Sydney and Singapore emerged as the
most expensive in Asia Pacific between April and June 2015.
With an average room rate of S$258, Tokyo also
showed one of the highest rate increases of 33.30% (year-on-year
comparison) in the region.
The majority of the markets studied saw
solid double digit growth in room rates during the same period,
based on a year-on-year comparison. Seoul was an exception showing
slower growth with only a 4% increase in rates, most likely due to
the Middle East Respiratory Syndrome (MERS) situation in Korea in
Another exception was Kuala Lumpur, as the only
city where hotel room rates declined by nine percent as compared
with the second quarter of 2014.
The Hotel Price Radar is based on data collected
from hotel bookings made by 40,000 corporate clients via the HRS
hotel portal over the second quarter of 2015 and analyses per
night room rates in comparison with the same period last year.
Average room rates are typically a reflection of the demand or
hotel reservation needs in a market or destination during a
specific period of time.
Todd Arthur, Managing Director for HRS in Asia
Pacific, said, “Insights obtained from the HRS Q2 2015 Hotel
Price Radar are indicative of the expanding demand of quality
hotel reservation options in the region, as business tourism
increases here. This is supported by the fact that destinations
like New Delhi, Seoul and Jakarta have shown phenomenal
development on a quarter-on-quarter basis despite market
challenges and we anticipate this trend to continue.”
Furthermore, according to the Doing Business
2015 project by the World Bank Group, 15 of 25 economies in East
Asia and the Pacific have implemented at least one regulatory
reform making it easier to do business in the year from June 2013
to June 2014. Similar initiatives have been recorded in the South
Asian region, too. This encourages increased business activity and
“As the demand for
business tourism amenities and services increase, there is a need
for corporates to revisit their hotel strategies, amongst other
parts of the puzzle. We are committed to supporting them with
their requirements, to ensure that they get the most out of their
investments, while boosting employee satisfaction through
intelligent sourcing and valued partnerships,” added Todd Arthur.
|Top APAC Destinations
||Room rate per night in
Q2 2015 (SGD)
||Rate development compared to Q2 2014 in
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