Global Sticker Shock, According to Smith Travel Research

Hotel rates have risen this year in the top international cities--in some cases by shocking amounts. That's according to Smith Travel Research, which studied rates, occupancy, and supply and demand in 15 key markets, 12 of them outside the U.S.

Measured in U.S. dollars, hotels in Berlin; Buenos Aires, Argentina; and Hong Kong cost between 16.5 percent and 17.9 percent more in the first four months of this year compared to 2006, according to STR. But that was nothing compared to an eye

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