Ho­tels a bar­gain in Cairns

Townsville Bulletin - - Investor -

CAN­BERRA h a s p u s h e d Perth off the top spot as Aus­tralia’s most ex­pen­sive city for ho­tel rooms, while Cairns has the cheap­est.

The 2010 Ho­tel Price In­dex showed av­er­age room prices world­wide rose 2 per cent last year, the first yearly in­crease since 2007.

Aus­tralian ho­tel prices rose 5 per cent last year.

Can­berra prices jumped 18 per cent to an av­er­age of $ 189 a night.

Cairns’s av­er­age room rate was $ 118 a night.

Ho­tel room prices fell 2 per cent in the broader Asi­aPa­cific re­gion.

‘‘ Thai­land suf­fered from po­lit­i­cal un­rest and hav­ing a rel­a­tively large sup­ply base, while Ja­pan faced chal­lenges in the con­tin­ued slow do­mes­tic econ­omy and a strong cur­rency,’’ the re­port said.

‘‘ Sin­ga­pore, on the other hand, recorded sig­nif­i­cant i ncr e a s e s t hanks t o t he strong bounce-back of cor­po­rate trav­ellers and new tourist at­trac­tions.’’

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