Abu Dhabi becomes the second most expensive city in world
Abu Dhabi has been included in the list of the most expensive destinations for business travelers, according to a report prepared by international corporate travel firm, Hogg Robinson Group (HRG). Currently, Moscow in Russia is the most expensive business city of the world followed by Abu Dhabi.
The study by the private firm found significant decline in hotel room prices, especially in Paris, London, Hong Kong and Zurich in past six months, primarily under the impact of global slowdown. Abu Dhabi, having around 13,000 hotel rooms, has been found the only city in the world to a record positive trend in room prices, reporting increase of 5 per cent to an average of US$422.75 per night.
HRG Director Margaret Bowler said: “The demand is still outweighing the supply in Abu Dhabi. However that is set to change by the end of the year with 1600 new rooms, so they are likely to follow Dubai.”
Event managers in Abu Dhabi too confirmed rise in hotel rates due to rise in commercial and business activities in the city. General Manager of Sky Conferences and Exhibitions, Akram Sabri said: “The prices are very high but we have lots of events coming in and need to sell packages to our clients.”
New Zealand News
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