Hotel rate increase in 2012
Issue 3 - September 2011
The recent economic turmoil, sovereign debt concerns, budget austerity and natural disasters may depress demand and limit hotel rate increases in 2012. However, with corporate travel continuing to grow, sources suggest that there will be a high single digit rate percentage increase in negotiated hotel rates for 2012. Procurement professionals will need to deploy more creative hotel sourcing strategies to be effective in this type of environment.