Several factors contributed to the growth, including an increase in disposable incomes, infrastructure development (including airports and hotels), growing demand for travel services, and access to the internet for online bookings. Hotel room revenues in the Asia Pacific region recovered in 2010 after dropping 5% in 2009. In 2010, hotel bookings soared by 17% to reach US$84.1 billion, “due to market rebound and local currency gains against the U.S. dollar,” according to the report. By 2012, the region will reach more than US$94 billion in hotel booking revenue. China and India led the region’s growth in the overall travel market as well as in hotel bookings. “They can’t build properties fast enough or grow fast enough. The hotel markets in China and India had been largely constrained, so there has been an extraordinary amount of investments in those markets,” said Douglas Quinby, senior director of research for PhoCusWright. Get the full story at HotelNewsNow.com