Room rates in Moscow and Lagos are highest, but Latin America increasing fastest


Skift Take

While the financial crisis drags down room rates in Europe, big cities in Latin America are flexing their muscles and attracting business travelers who are paying higher room rates.

If you thought hotel rates in New York City or San Francisco were off the charts, just plan a stay in Moscow, Lagos or Geneva. These three cities in Europe and Africa notched the highest average daily rates from January to June 2012, according to the latest bi-annual survey from travel management company Hogg Robinson Group. The top three cities for hotel stays were Moscow ($405), Lagos ($340), and Geneva ($339). Priciest hotels Lagos, Geneva or any other of the 47 cities surveyed are not likely to take away top honors -- if you can call it that -- from Moscow any ti