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Hotel rates slow, Asia reviews the costs of travel
Tuesday, 30th April 2024
Source : External source

With hotel rates up roughly 10% over pre-pandemic levels, some countries across the Asia-Pacific region are now wondering whether they're pricing themselves out of international consumers' travel budgets.

But Jesper Palmqvist, area director for Asia Pacific at STR, said that's not quite the case, with rate growth slowing and the general perception that many prized Asian destination have always been pricey for Western travelers.

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