HRG UK?s 2007 half year hotel survey has revealed continued growth and a strong average rate performance for the hotel industry worldwide. Moscow once again achieved the highest average room rates, alongside significant growth in the rapidly developing markets of Dubai and Mumbai.

Key findings include:

- Moscow remains the most expensive city with average room rates of ?236.06 compared with ?220.57 in 2006
- Mumbai again showed rapid growth, with an increase of 30% over the last six months following an uplift of 49% in average rates achieved for the full year 2006
- Of the key European cities, Barcelona grew by 18%, rates in Berlin were up by 17% and Stockholm increased by 10% between January and June 2007
- London continued to perform well with 5% rate growth in the first 6 months of 2007, compared to average rate growth of 7% in 2006
- Of all the regions worldwide, only Africa noted a decline in average room rates

Margaret Bowler, Director Global Hotel Relations at HRG, commented: ?The figures show average room rates are generally performing well and the global hotel industry has once again experienced healthy growth in the first six months of 2007.

?Europe has seen strong increases, and rates in the Middle East and Asia have also risen. As these two particular markets have yet to reach full maturity, we expect to see the trends continue over the foreseeable future. Indeed, as economic investment in each local economy increases, we may even see a significant increase in the pace of growth.?

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