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October 20, 2010

European Hotel Rates Rise

The average price of overnight accommodation in Europe rose by 8% between September and October 2010, according to a new study by hotel price comparison site Trivago. The study reveals that hotel rates increased in over 32 European cities, with an average European hotel price of £1

By cms admin

The average price of overnight accommodation in Europe rose by 8% between September and October 2010, according to a new study by hotel price comparison site Trivago .

The study reveals that hotel rates increased in over 32 European cities, with an average European hotel price of £109 ($171).

Prices have risen to £153 ($241) in Paris, £120 ($189) in Vienna and £121 ($190) in Istanbul since January. However Greece, Portugal, Spain, Turkey and Malta posted lower rates.

Room rates across expensive cities such as Milan and Copenhagen fell by 20% and 14%, respectively, compared with October 2009.

Belgium capital Brussels’ room rate fell by 22% to £95 ($149) while in the Greek capital Athens prices fell by 15% to £89 ($140) from last year.

Due to low overnight costs in Hungary, prices in Budapest stood at £67 ($105), Bucharest at £67 ($105) and £66 ($104) in Sofia.

The overnight stay rate in the Greek island of Crete stood at £70 ($110), the Portuguese Algarve averaged at £62 ($97), Playa de Palma in Majorca £70 ($110), while Playa d’en Bossa in Ibiza recorded rates of £50 ($78).

UK hotel prices are less stable with price hikes and declines to be found in many major cities, according to Travel Weekly.

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