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Hotel prices drop to lowest in four years
20/Jan/2015

LONDON – This month, hotel prices in key European cities have fallen to their lowest in the past four years, according to the trivago Hotel Price Index (tHPI) reported monthly by hotel comparison website trivago.co.uk.

Rome, Berlin, Barcelona and Edinburgh at lowest in four years
Out of the 50 most popular European cities on trivago, 21 are at a record low, according to data collected since January 2011. These include numerous capital cities and destinations popular among UK travellers, such as Rome (a hotel stay will cost an average of £78 per night this month), Berlin (£68), Barcelona (£72), Edinburgh (£82), Stockholm (£106), Copenhagen (£101) and Oslo (£108).

Savings of up to 60% available this month
While some destinations boast their lowest hotel prices in four years, many more boast the lowest in the past 12 months. When prices this month are compared to the most expensive month during 2014, savings of up to 60 per cent are available. Out of the 50 most popular European destinations on trivago, here are ten with the greatest percentage difference this month:

Destination

This Month

Most Expensive Month

Percentage Difference

Edinburgh

£82

£207 (Aug)

-60%

Venice

£97

£231 (May)

-58%

Rome

£78

£146 (May)

-47%

Barcelona

£72

£131 (May)

-45%

Amsterdam

£93

£166 (May)

-44%

Athens

£58

£97 (Jun)

-40%

Copenhagen

£101

£164 (May)

-38%

Berlin

£68

£106 (Sep)

-36%

Istanbul

£73

£113 (May)

-35%

Dublin

£75

£111 (Jul)

-32%


Further decreases of up to 27% MOM and 21% YOY
Hotel prices have also decreased both month-on-month and year-on-year, which could suggest a general trend of falling hotel prices. Based on the top 50 European destinations on trivago, one night will cost an average of £80 this month, compared to £85 in December (7 per cent decrease) and £83 in January 2014 (5 per cent decrease).

The largest month-on-month decreases can be found in Dresden (down 27 per cent to £61), Prague (down 20 per cent to £65), London (down 18 per cent to £141), Vienna (down 17 per cent to £86) and Edinburgh (down 16 per cent to £82).

The largest year-on-year decreases can be found in Riga (down 21 per cent to £60), Warsaw (down 16 per cent to £42), Bucharest (also down 16 per cent to £49), Cologne (down 15 per cent to £95) and Prague (down 14 per cent to £65). - See more at: http://www.traveldailynews.com/news/article/64236/hotel-prices-drop-to-lowest#.dpuf
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