Asian Hotel Rates Batter Budgets

There seems to be no end to skyrocketing hotel prices in Asia. The average daily rate across the Asia Pacific region was up more than 13 percent this year through June, to $137, according to a report released last week by Deloitte and Touche. There were significant gains in revenue per available room, or RevPAR, too.

Aside from the general improvement in Asian economies over the past couple of years, Deloitte cited the recent waves of new and expanding low-cost airlines in Asia as the

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