02 Sep 2011 Travel policies need to be revised as hotel costs show huge increases
Business travelers face a huge variance in the price they can expect to pay for a hotel room as prices increase by as much as 37% according to a new survey from Hogg Robinson and travel buyers need to make sure that policies are in line with reality.
There’s nothing worse for a business traveler than to have to comply with an out-of-date travel policy and it does nothing good for the reputation of purchasing when things go wrong. Travelers won’t hesitate to complain if they have a rough time and they’ll be very vocal if the travel policy is unrealistic.
The HRG hotel survey shows consistent rate increases across the board as well as some dramatic increases over the last 12 months. The rate for a hotel room in Geneva has risen 28%, in Stockholm 32% and Istanbul a huge 37%. The most expensive place to stay on business is Moscow with an average room rate of £260 per night.
Top 10 most expensive places to stay on business
- New York