Hotel price index reveals drop in room rates in Thailand

THAILAND – The average price of a hotel room in Thailand dropped 3% in 2010 while the rate in Singapore rose 26%, making accommodation in the latter city the most expensive in Asia, according to a Hotel Price Index recently uploaded by Hotels.com.

The annual survey, the seventh conducted by the website to date, was based on prices paid by customers who booked rooms via Hotels.com which offers rooms in 110,000 hotels in 18,000 cities.

It found that the average room rate in Thailand last year was about 2,900 baht, a slight decline from the 3,000 baht charged in 2009. The reasons given for the decrease were political unrest in the country and the relatively large supply of accommodation. The drop in average rates also helped Bangkok join the select group of major cities with the best deals on five-star hotel rooms. Others listed included Berlin, Prague and Budapest.

Compared to other nations in Asia, Singapore was rated as the priciest for accommodation, with the average charge per night being the equivalent of 6,150 baht, a big jump from 4,850 the year before. The increase was attributed to a strong rebound in the corporate travel sector and the opening of several new tourist attractions in the city-state.

In addition, Singapore maintained a good room-occupancy record, enjoying high levels on a par with those seen in hotels in Western cities such as London, Paris and New York. The major reason given was the return of business travellers.

Hotels in Japan and South Korea (4,900 baht a night) were rated the second most expensive in Asia by the website. These were followed by China (4,600 baht), Taiwan (4,400 baht), India (4,300 baht) and Malaysia (3,900 baht).

Researchers also noted that the average price of a hotel room around the world rose 2% in 2010.

The top 10 most expensive countries in terms of average hotel-room rate per night were (in descending order): Russia, Switzerland, Brazil, Israel, Singapore, Norway, United Arab Emirates, South Africa, Croatia and Italy.

Source: Bangkok Post