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Results of hotel prices in different countries released

26 September 2012 15:31 (UTC +04:00)

Baku â€“ APA-Economics. The results of the hotel.info Hotel Price Barometer for European capital cities (prices in GBP)*

	City	February 2012	January 2012	February 2011	Comparison February 2012 against February 2011 in %
1.	Moscow	153.61	128.08	156.37	-1.77
2.	Oslo	134.63	122.50	133.22	1.06
3.	London	132.54	119.72	124.36	6.58
4.	Stockholm	127.50	118.69	136.21	-6.39
5.	Helsinki	115.40	100.75	110.24	4.69
6.	Copenhagen	109.63	110.19	105.70	3.72
7.	Paris	102.74	105.18	97.35	5.53
8.	Brussels	94.55	86.16	101.97	-7.27
9.	Amsterdam	83.95	84.67	92.18	-8.93
10.	Warsaw	74.17	69.10	71.83	3.26

Moscow is once more the most expensive of all the European capital cities for hotel accommodation. In comparison with the previous year the average hotel cost per night decreased slightly by 2 % to 153.61 GBP. The Norwegian capital Oslo is in second place with134.63 GBP. In London, the hotel room prices increased by 6.58 % to 132.54 GBP. It is possible that various events such as exhibitions and concerts could have had a positive influence on demand during February. In Warsaw the average increase of more than 3 % could be a precursor of the European Football Championship which will take place in Poland in a few months time.

The results of the hotel.info Hotel Price Barometer comparing other capital and major cities (prices in GBP)

	City	February 2012	January 2012	February 2011	Comparison February 2012 against February 2011 in %
1.	Sydney	159.60	168.34	134.50	18.67
2.	Rio de Janeiro	157.59	162.32	129.85	21.36
3.	Tokyo	147.46	140.99	144.78	1.85
4.	Singapore	137.06	135.78	129.18	6.10
5.	Zurich	128.62	131.42	122.08	5.36
6.	New York	124.83	133.15	121.78	2.50
7.	Hong Kong	121.14	119.69	109.34	10.79
8.	Buenos Aires	89.88	81.43	79.61	12.90
9.	Shanghai	79.40	76.25	81.29	-2.33
10.	Istanbul	60.01	65.51	65.50	-8.37

During February hotel guests in Sydney had to really dig deep. Overnight costs increased by an average of 19 % to 159.60 GBP. Rio de Janeiro with an average price of 157.59 GBP and an increase of more than 20 % is in second place. This is not surprising as the city by Sugar Loaf mountain had carnival whereas in 2011 this took place in March. The event attracts over a million visitors each year. However the room prices also increased in other international cities such as Singapore, Hong Kong or Buenos Aires.