The hotel.info Hotel Price Barometer shows where hotel prices sit today*
London, 25 September 2011 – Whilst stock markets are experiencing turbulence and growth forecasts are being reconsidered, hotel prices in European capitals are rising considerably. Overnight rates have increased, despite hoteliers offering discounted rates as seen on hotel.info, the free online hotel reservation service with more than 210,000 hotels worldwide:
London and Oslo prove more expensive than Madrid and Berlin
New York is the most expensive city in the world
London hotels are getting more expensive
The results of the hotel.info hotel price barometer show that New York is the most expensive capital city in the world, whilst Oslo leads amongst European capital cities. Additionally, London hotels are becoming more expensive when compared to the same period in the previous year.
Results of the hotel.info Hotel Price Barometer for European capital cities (Prices in GBP)**
Capital city
August 2011
July 2011
August 2010
Comparison of August 2011 to August 2010 in %
1.
Oslo
132.03
105.68
115.79
14.02
2.
Moscow
128.37
134.28
109.17
17.58
3.
Copenhagen
126.60
110.89
102.44
23.58
4.
London
124.27
152.13
110.22
12.74
5.
Stockholm
120.73
107.84
114.81
5.16
6.
Amsterdam
102.22
110.62
94.50
8.16
7.
Paris
101.78
116.19
84.00
21.17
8.
Helsinki
99.01
86.92
90.98
8.83
9.
Kiev
86.02
95.42
70.71
21.66
10.
Vienna
76.73
79.11
70.98
8.10
11.
Brussels
75.95
76.10
70.79
7.29
12.
Belgrade
72.31
81.32
63.03
14.71
13.
Rome
72.22
81.23
65.58
10.12
14.
Zagreb
71.86
75.18
67.86
5.89
15.
Dublin
68.05
76.25
62.29
9.26
16.
Lisbon
65.82
69.51
66.08
-0.39
17.
Warsaw
64.28
68.45
59.64
7.79
18.
Madrid
61.75
65.61
53.39
15.65
19.
Berlin
61.74
65.70
59.55
3.68
20.
Athens
60.53
62.67
61.58
-1.71
Average
88.61
91.06
79.67
10.67
In Oslo, hotel room rates have increased by 14.02% making an overnight stay in the Norwegian capital the most expensive within Europe. Likewise, hotels in the Danish capital profited from the Copenhagen 2011 Triathlon KMD Challenge, with a huge 23.85% increase between August 2010 and August 2011, giving it the title of third most expensive European capital.
Not surprisingly, Moscow and London remain at the top of the table with a growth in average nightly rate of 17.58% to GBP128.37 and 12.74% to GBP124.27, respectively.
Amongst major international cities, New York continues its reign in first place, followed closely by Rio de Janeiro.
If you are looking for a more affordable getaway, then there’s no doubt that Berlin and Madrid are worthy options to consider. Tourists and business travellers were able to stay in these lively cities for approximately half the cost of London or Moscow. Choose from a great range of hotels by visiting hotel.info.
The results of the hotel.info Hotel Price Barometer for major international** cities (prices in GBP)
City
August 2011
July 20111
August 2010
Comparison of August 2011 to August 2010 in %
1.
New York
149.38
145.28
138.47
7.88
2.
Rio de Janeiro
144.79
137.35
113.93
27.08
3.
Zurich
144.11
147.52
116.03
24.20
4.
Tokyo
140.90
138.45
127.08
10.87
5.
Singapore
123.71
137.93
114.58
7.97
6.
Sydney
118.41
134.14
107.65
10.00
7.
Seoul
114.20
119.70
108.52
5.24
8.
Hong Kong
109.24
112.27
86.66
26.06
9.
Buenos Aires
80.49
78.99
73.77
9.10
10.
Shanghai
74.16
73.68
78.95
-6.06
*The average booked nightly rate has been calculated on a monthly basis and converted to GBP using the average exchange rates for the particular months (August 2011 / July 2011 and August 2010).
**International capital cities with more than 500,000 inhabitants.
About hotel.info
hotel.info operates as www.hotel.de and www.hotel.info, a worldwide hotel booking service for corporate and leisure clients. The site is accessible in 37 languages and offers access to more than 210,000 hotels. Numerous hotel types, from luxury designer hotels to B&Bs, can be booked easily, quickly and with the best price guarantee. More than four million customers from around the world trust hotel.info with their holiday and business accommodation and with over 1.5 million customer reviews, it is easy to find the perfect choice.
hotel.info’s headquarter is in Nuremberg, with additional offices in Hamm, London, Paris, Barcelona, Rome, Shanghai and Singapore. The company was founded in 2001 and listed on the German stock market in 2006.
UK Media Enquires:
Sabah Khan
Siren PR
Phone:+44 020 8237 1210
Email: Sabah.khan@sirenpr.co.uk
