Moscow the priciest city for hotel rooms, study says

By Danny King
Moscow repeated its position as the world’s most expensive big city for hotel rooms, while Brazilian cities Rio di Janeiro and Sao Paolo had the fastest growth in room rates, according to a study by Hogg Robinson Group (HRG).

Moscow’s average daily rate last year was 12,831 Russian rubles ($427), up 5%from 2011, HRG said. Lagos, Nigeria, was No. 2, followed by New York City, Hong Kong and Zurich, Switzerland.

As for cities with the fastest-rising room rates, Rio de Janeiro’s rose 19% last year, while Sao Paolo’s increased 16%. Tokyo, rebounding from 2011’s earthquake and tsunami, had an 11% rate increase, while San Francisco’s rose 10%.

Washington, D.C., had the largest rate decline among the world’s largest hotel markets, with rates falling 14% last year, HRG said. The average daily rate in Bangalore, India, and Abu Dhabi, United Arab Emirates fell 12% and 11% in 2012, respectively.

Follow Danny King on Twitter @dktravelweekly.
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