Hotel rates in Mumbai have jumped by 37% in a year, according to figures released this week by travel management company HRG.

The company’s corporate clients paid an average of £160.40 to stay in the Indian city in 2007, up from £117.07 in 2006, according to the figures. The leap makes Mumbai the seventh most expensive city in the world for hotel rooms, beaten only by Moscow, New York, Paris, Dubai, Milan and Stockholm.

Average corporate room rates in Moscow are now a whopping £247.99. The company said: “While Moscow’s increase of 11% year on year is markedly lower than its 2006 growth rate (when average room rates in the city grew by 25%), this figure represents a total 93% rise since 2004. The slower growth rate in 2007 illustrates the city’s increasing maturity as a business destination. However, the cost and availability of land in central Moscow, restricting the development of new hotels, is set to result in continued room rate inflation into 2008.”

In the UK, a buoyant oil sector saw room rates in Aberdeen leap by 17% to £126.06. The firm said: “Aberdeen’s growth is directly linked to demand by the oil industry, however, average room rate growth in the city is expected to suffer in 2008, as oil exploration in the North Sea is cut back.”