Hotels. com recently released a report showcasing about the hotel room rates and increase in same in the time. From the report, it was revealed that the hotel room rates in Melbourne and Sydney has the highest and the fastest rising room rates worldwide in the first half of 2011.

Think before you plan for any hotel stays, as the new sales figures the Australian lodge space charges have raised by 9%.

The reported information accounted that the first region to follow the increased interest rate track was Brisbane, as the regions hotel market was commenced with 27% augmentation.

Hospitality major the Oberoi Group announced that EIH would use approximately Rs 900 crore out of the Rs 1,178.86 crore lifted during the last month from a rights issue to retire debt.

The company is presently under growth mode and would append novel properties in the country as well as overseas by the next four years (2014).

Mahindra Holidays and Resorts is all set to strengthen its footprint nationwide.

The company's top representative said that it will invest as many as Rs 250 crore on expansion and also establish resorts in the Sri Lankan market.