Moscow remains world's most expensive city for hotels

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  1. sobore
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    sobore Gold Member

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    http://www.abtn.co.uk/news/1317709-moscow-remains-worlds-most-expensive-city-hotels

    London hotel rates rose by 5 per cent in the first half of 2012 but the Olympic host is only ranked as the 21st most expensive destination in a list of the top 50 global cities.

    Average room rates in London rose to £164 between January and June, compared to £156.82 for the same period in 2011, according to data released by HRG.

    Russia’s capital Moscow is the most expensive city for the eighth consecutive year even though rates fell slightly when valued in pounds to £258.11 per room (rates rose by 3 per cent in local currency year-on-year).

    Lagos in Nigeria was the second most expensive city with an average rate of £217.05 due to its position as a key gateway to the nation’s oil industry. Mexico City recorded the biggest year-on-year rise of 30 per cent in local currency although its average rate is still towards the bottom of the list at £105.65.

    Read More: http://www.abtn.co.uk/news/1317709-moscow-remains-worlds-most-expensive-city-hotels
     

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