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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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