Hotel prices
have decreased by an average of 18% in the past two months, and are
now at their cheapest since January 2012. These are the findings of
the trivago Hotel Price Index
(tHPI) reported monthly by www.trivago.co.uk. For more data and
graphics please visit www.trivago.co.uk/hotelprices.
UK Hotel Prices:
7% decrease compared to last month, 15% decrease compared to last
year
One
night in the UK will cost an average of £111 this November, compared
to £119 in October and £130 last November. Although hotel prices
in the UK have fallen in comparison to October and September, the
decrease is not as pronounced as the rest of Europe. One night in
November is on average £7 cheaper
than September and October,
whereas hotel prices in Europe have decreased by an average
of £19 in the past two months.
Most destinations have
decreased by between 1% and 3% in comparison to October, with the
exception of Brighton (down 10% to an average of £89 per night),
Edinburgh (down 9% to an average of £95 per night) and Blackpool
(down 9% to an average of £59 per night).
The
only destination showing
a significant increase this month is Cardiff, where hotel prices
are up 8% to an average of £91 per night in comparison to October.
Compared to this time last year, prices in Cardiff have increased by
13%. This could be due to a number of high profile football matches
at the Millennium Stadium during November.
Aside
from Cardiff, Liverpool is the only other main UK destination showing
a significant increase in comparison to this time last
year. Hotel prices are up 8% in Liverpool to an average of
£81 per night. Prices are down elsewhere across the UK in comparison
to November 2011, most notably in London (down 9% to an average of
£161 per night) and Newcastle (down 8% to £78).
EU Hotel Prices:
13% decrease compared to last month, 7% decrease compared to last
year
Out
of the 50 European cities in the November tHPI, hotel prices
in 46 cities have decreased in comparison to last month. The largest
decrease can be seen in Venice, where prices are down by 41% to an
average of £112 per night. In October one night in Venice cost an
average of £190 and in September £206, meaning prices have dropped
by an average of £94 in the past two months. This could be due to a
combination of the onset of colder weather in
November, and a couple of large events in Venice: the International
Film Festival in September and the International Festival of
Contemporary Music in October.
Other
significant decreases this month can be seen in Rome (down
31% to an average of £92 per night in comparison to October),
Budapest (down 26% to £54), Barcelona (down 24% to £91), Paris
(down 23% to £132), Prague (down 21% to £71), Istanbul (down 21% to
£96) and Madrid (down 20% to £79).
In
comparison to this time last year, hotel prices throughout
Europe have decreased, although not as dramatically as the previous
month comparison. Most significant decreases can be found in
Bucharest (down 19% to an average of £57 per night), Dresden (down
18% to £65), Amsterdam (down 17% to £105) and Milan (down 16% to
£106).
The
www.trivago.co.uk hotel price index shows the
average overnight accommodation prices for the most popular European
cities on trivago. Prices for a standard double room are calculated
on the basis of one million daily priceinquiries for
overnight hotel stays generated through the
trivago hotel price comparison service. trivago stores
all hotelrequests for each month and therefore gives an overview
of hotel accommodation prices for the upcoming month. The
tHPI reflects the hotel prices within the European
online hotel market:
The overnight accommodation prices of over 100 online travel
agents and hotel chains create the
average hotel prices for cities, regions and countries
within Europe.
