The average cost of a stay in a new hotel has risen by over 70 per cent in the past decade.
Key points:The average price of a room at Lake Geneva hotels in Lake Geneva rose by 77 per centThe average cost per night in Lake Genevieve hotels in Brisbane has increased by 67 per centIn Sydney, the average price is up 67 per a yearIn Melbourne, the rate of rises is less dramaticThe average hotel stays in the Lake Geneva area of Sydney has increased almost 200 per cent since 2011, according to figures released by the hotel chain.
The average rate at Lake Geneva hotels has increased from $3,900 to $6,900 since 2010.
The hotel’s average rate rose from $5,600 in 2011 to $7,200 in 2015.
The Melbourne Hotel has also increased its average rates by about 20 per cent, but has not shown the same pace.
The rate at the Sydney Hotel has decreased by more than 50 per cent.
Lake Genevie hotels in Melbourne have also seen increases in the rate at which they charge for the use of their suites.
Average price at LakeGeneva hotels has also risen from $4,800 in 2010 to $5-7,000 in 2015, the most recent year for which data is available.
In Brisbane, the number of hotels renting suites has more than doubled since 2010, from 15 to 100.
Average cost per month at LakeGEO hotels in the Brisbane CBD has increased, from $9.00 to $14.50, with the average cost going up from $7.50 to $8.50.
The number of rooms in the hotel rooming area has also climbed from just under 600 in 2010, to more than 8,500.
A spokesperson for the Australian Hotels and Resorts Association said the increase was driven by a surge in the number and cost of guests coming to Australia.
“In recent years, a number of new properties have opened, many of which are now within the hotel industry,” the spokesperson said.
“These developments have had a significant impact on the market and have led to the hotel sector having to react in a different way to the rest of the industry.”
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