Finally, a leading hotelier has spoken the truth on room pricing in Australia. Rather than complain rates are too low – the standard industry refrain – Michael Issenberg, CEO of Accor Asia Pacific, told Travel Today: “One of the things that drives me nuts is people saying Australian hotel prices are still low by world standards. What a bunch of baloney. You take out New York, Paris, London and maybe Hong Kong, Australia is actually among the most expensive.” But he argued that high rates are required for hotels to achieve adequate returns.
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