Lodging

Average booked hotel rates in the first quarter of 2011 rose in all but seven of 40 major cities tracked by online hotel booking agency HRS

April 19, 2011

. Increases against the same period in 2010 included Mumbai (35 percent), Sydney (27 percent), New York (15 percent) and London (up 13 percent). Decliners included crisis-hit Tokyo (down 11 percent). Approximately 60 percent of HRS ratesare bought by corporate travelers.