European hotel prices drop 7%
Based on the 23 most popular European countries on trivago, hotel prices have decreased by an average of 7 per cent year-on-year. One night this month will cost an average of ?82, compared to ?88 during February 2013.
Hotel Prices at Three-Year Low?
Most notable is Poland, down 57% from the most expensive month (June 2012), when one night cost an average of ?106. One night in Poland this month will cost just ?46 on average.
Also showing large percentage decreases are Cyprus (down 52 per cent from ?128 per night during August 2011) and Turkey (down 51 per cent from ?143 during May 2013). One night in Cyprus will cost an average of ?61 this month and one night in Turkey ?70.
When looking at individual cities, Rome, Vienna and Istanbul are displaying the cheapest hotel prices since January 2011. One night during February will cost on average of just ?79 in Rome (compared to ?158 during May 2011), ?83 in Vienna (compared to ?125 in May 2011) and ?71 in Istanbul (compared to ?159 in May 2013).
Hotel Prices Down 7% Year-on-Year?
Compared to this time last year, European hotel prices have decreased by an average of 7 per cent to ?82 per night. The most notable countries are Norway (down 15 per cent to an average of ?123 per night), Bulgaria (also down 15 per cent to ?46 per night), France (down 12 per cent to ?100) and Sweden (also down 12 per cent to ?130).
Individual cities with the largest Y-O-Y percentages decreases are Oslo (down 14 per cent to ?125), Sofia (down 13 per cent to ?47) and Munich (down 11 per cent to ?98).
Click here to read more.