Results of hotel prices in different countries released

Results of hotel prices in different countries released
# 26 September 2012 15:31 (UTC +04:00)
Baku – 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.
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