European Hotel Prices Drop

European Hotel Prices Drop
# 16 June 2010 09:34 (UTC +04:00)
Baku – APA-Economics. European prices for hotel rooms have dropped this month to an average of £97, down six per cent from an average of £103 in May 2010, Holiday hypermarket reported.

The report by hotel price comparison site trivago will provide welcome news for travellers looking to stay abroad this summer, after months of rising prices.

Data from the trivago Hotel Price Index (tHPI) show that prices in 38 of the 50 cities listed had either fallen or remained steady in June. This indicates that following rising prices this year, costs may be starting to stabilise.

For the first time in 2010, the average price of a European hotel in some of the biggest cities has fallen, following five months of back-to-back increases in overnight prices.

This is good news for those who want to visit traditional summer resorts such as Barcelona, where prices have seen a significant fall of 24 per cent. Similarly, Turin saw a decrease in prices of 29 per cent and Seville 16 per cent. The cost of a room in Milan has fallen to £93 and German cities have shown a similar decrease.

Mirroring the trend are the majority of British cities, which have registered similar decreases in line with Europe. An average overnight stay in a London hotel for example fell by 12 per cent in June to £129, bringing the city back to a more typical yearly level.

Manchester prices also fell by 12 per cent while Birmingham hotels showed the biggest reduction of 19 per cent.
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