Hotel rooms in Singapore are the most expensive in Asia, according to the latest Hotel Price Index by booking site’¨’¨This despite a two percent fall in average hotel room rates in the region.’¨’¨

Average room prices for hotels in Singapore came in at S$239 last year, a two percent drop compared to 2010. ԬլSingapore was also ranked the second most expensive city for five-star hotels in the world, behind London. Ԭլ

New Zealand, whch hosted the Rugby World Cup last year, topped the globe for the biggest increase in hotel rates.

The average hotel rate in New Zealand shot up 13% last year – well above the global average of just four percent, according to

Hotel prices in Sydney and Melbourne rose nine percent to $213 and $193 respectively.

Johan Svanstrom, managing director (Asia Pacific) of, said: “The hotel industry in Singapore has developed tremendously in recent years. For one, the hotel room inventory has really grown with numerous openings of prestigious hotels targeted at affluent, business travellers. ‘¨’¨

“On top of being a business hub and a stopover for long-haul travellers, the country has also invested in upscale attractions such as the integrated resorts that have proved to be a great hit with tourists – these make Singapore the perfect vacation option for luxury travel.”‘¨’¨’¨

Japan’s hotel room rates fell seven percent after the earthquake in March 2011, while Thailand’s room rates dipped due the recent floods. ‘¨’¨

Vietnam joined six Asian nations boasting the lowest prices in the report, alongside Cambodia, Thailand, Taiwan, Philippines and Malaysia.’¨’¨

The hotel price index tracks the real prices paid per hotel room for about 149,000 properties in more than 19,800 locations in over 85 countries.’¨

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