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HRG six month hotel survey
The international hotel industry has shown signs of recovery in the first half of 2013 according to the bi-annual hotel survey conducted by Hogg Robinson Group (HRG), a corporate travel services company. Although the survey reveals a fragmented global picture, the hotel market in Europe and the US appears to be stabilising, as rates are either flat or only marginally down. In addition 12 of the 50 cities surveyed achieved a year on year rate increase when measured in pound sterling. In contrast though, the Middle East region recorded the highest rate decrease, with double digit falls in the UAE, Bahrain, Qatar and Oman.