Hotels | Lush Dream Home

Tag Archives: Hotels

Average price of hotel rooms globally fell 17% in first 6 months of 2009

Posted on 15 Sep 2009 | Comments Off

Good news for Singaporean holiday makers and local businessmen travelling abroad. According to the latest Hotel Price Index from Hotels.com, the average price of a hotel room around the world fell by 17 per cent in the first six months of 2009.

The survey found that in major destinations across the Asia Pacific, Singaporeans are now able to enjoy lower hotel rates for regional travel.

Beijing saw hotel prices drop by 32 per cent while Shanghai fell by 13 per cent.

Meanwhile, hotel prices for Hong Kong, Taipei and Seoul have all fallen by over 20 per cent.

Rates in Australia and New Zealand also went down, with hotel rates in Sydney falling by 30 per cent and Auckland declining by 40 per cent.

Back home, hotels in Singapore had the fifth biggest decline on a global basis, with a 35 per cent fall in local hotel prices from last year.

Hotels.com said the significant fall in hotel prices in Singapore and the Asia Pacific, once again makes this region attractive for both leisure and business travellers.

Source : Channel NewsAsia – 15 Sep 2009

Comments Off on Average price of hotel rooms globally fell 17% in first 6 months of 2009

Posted in General

Tagged Hotel Price Index, Hotels

Regency Hotel eyeing overseas expansion

Posted on 27 Aug 2009 | Comments Off

The operator of Regency Hotel, Regency International Hotel Incorporated Sdn Bhd is planning to expand its hotel network into London, New York, Bangkok, Jakarta and Istanbul, said executive chairman Matshah Safuan.

‘We are still looking at it. It depends on the property market.

We will go for it when the time is right,’ he told Bernama recently.

Established 23 years ago, Regency currently owns nine hotels, of which one is in Bali, three in Sarawak, two each in Kedah and Negeri Sembilan and a newly launched hotel in Kuala Lumpur.

Located strategically in front of the Chow Kit wet market, more than RM100 million (S$40.9 million) has been invested for the new hotel, Mr Matshah said. Continue reading →