Friday 30 September 2022, JW Marriott Grosvenor
21 November 2022, Hilton London Metropole
Business Travel Show Europe, presented by The BTN
But too early for "all clear"
The downward trend in global hotel rates has slowed, hotel.info said it its latest survey released today (October 20).
But the online booking agency said it was "still too early to sound the all clear".
The survey for Q3 of 2009 said some cities, among them New York, were now recording "slight increases" in room rates.
The 7.22% increase since the beginning of July has made the US city the most expensive in the world with an average room rate of €151.33.
This compares with Moscow's €149.32 and Oslo's €132.52.
But hotel.info also reported than several cities suffered a drop in average rates over the past year.
Among them were Beijing (38.83%), Dubai (28.52%) and Bangkok (24.36%) over the past 12 months.
But the agency said that since Q2 rates had largely fallen by only single figures.
Hotel.info said that most European hotels suffered during the summer months from rate falls.
Moscow's sank by 17.04%, Helsinki's by 16.41% and Warsaw's by 12.13% compared with Q2, the survey said.
But the UK suffered less than many other countries.
Hotel.info remarked: "Even though the UK appears have been even more badly hit by the economic crisis, this has not caused London rates to fall drastically.
"On the contrary, with average rates falling from €125.44 (£114.89) in Q3 2008 to €123.80 (£113.47) in Q3 2009, the UK capital recorded the smallest drop in rates of any European city."
The survey said only Berlin, Lisbon and Budapest matched this with falls of between 3%-6%.
Hotel rates in London had remained "surprisingly stable" and were only marginally down over the year, it said.
They fell by 1.01% from Q2 and by 2.75% from Q3 2008.
But outside London, hotel rates trends differed sharply with Liverpool (17.99%) and Birmingham recording major falls and Glasgow (23.2%) and Edinburgh (22.82%) enjoying significant increases.