Lodging
Average daily hotel rate growth in Africa last year outpaced growth in other regions at 11 percent year over year, according to HRG
, "as it continued to be the target of investment from multinational organizations engaged in sectors such as oil and gas, banking and finance, and telecoms." Measuring in British pounds, Hogg Robinson Group noted "strong performances" in Cairo and Johannesburg. The Middle East/West Asia region saw "slight growth" while Eastern Europe's average daily rate plummeted 18.5 percent as supply growth coincided with falling demand, according to HRG, which based findings on "a combination of industry intelligence, actual room nights booked and rates paid by its U.K. clients." Average daily rates also were down slightly across the rest of Europe, the United Kingdom and Asia-Pacific, and essentially flat in the Americas, according to HRG data.