'Titanic effect' is lifeboat for hotels

[Andrew Clarkson]

The 'Titanic Effect' has been credited for an 8% rise in hotel prices in Belfast over the last year, according to a new report.
The Hogg Robinson Group (HRG), one of the world's largest business travel specialists, organises travel for some of the world's largest organisations, including 30% of the FTSE 100.

Its bi-annual hotel survey looks at the cities around the world with the most expensive hotel rates.

The document says that the 8% hotel rate rise in Belfast is in part due to the 'Titanic Effect' which saw a series of major events take place on the 100th anniversary of the sinking of the liner.

The authors of the document also reported that: "Business travel to the region has also increased significantly as a number of Dublin businesses relocated to Belfast to try and avoid the worst effects of the European sovereign debt crisis. "

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