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by Loren Edelstein | August 11, 2010

The hotel market in North America and Europe appears to have stabilized in the first half of 2010, with rates relatively flat over the same period in 2009, according to the biannual hotel survey conducted by Hogg Robinson Group, a global travel management company. New York City remains the most expensive city in North America for business travelers, with an average room rate of $296.78, which is consistent with the same period in 2009. Washington is a close runner-up, with hotel rates averaging $295.36. The steepest decrease in rates among the 12 North American cities analyzed occurred in San Francisco, where average rates fell by 9 percent. Key Canadian markets experienced an increase in room rates, except for the capital Ottawa, where rates were flat. The study looked at prices in 50 global business markets. For more information go to http://www.hrgworldwide.com/MediaCentre/HRGHotelSurvey/tabid/12168/Default.aspx