The rising cost of a night in Istanbul
Sep 1st 2011, 17:22 by A.B.
THE cost of a hotel room in Istanbul has risen by 37% in the past year, according to the latest worldwide survey ( PDF) by Hogg Robinson Group (HRG). The weakening of the Turkish lira has had some effect on these prices, but if measured in pounds sterling the rise is still a notable 25%. HRG suggests two reasons for the change: Istanbul’s growing appeal as a business centre, and the fact that safety concerns send many travellers in the city to five-star properties. (The survey's figures derive from the sums that HRG's clients pay for a room.)
More:Hotel prices: The rising cost of a night in Istanbul | The Economist