• Business travel buoys rates

The return of the business traveller has helped boost occupancy and prices in key markets, contributing to a 2% rise in global rates, the first year-on-year increase since 2007, according to the latest Hotels.com Hotel Price Index.

Room rates were up 14% in Frankfurt, 10% in London, 9% in Amsterdam and 8% in Paris. David Roche, president of Hotels.com, said: "However, as the global fall in prices has been so prolonged and steep, guests were still paying roughly the same for a hotel night that they would have done six or seven years ago."

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