Prices Are Dropping: Where Travellers Can Make The Best Bargain
London -- Due to dropping prices for accommodation, low prices for oil, and weak foreign currencies, travelling for a bargain is easier than ever. The price barometer of international booking portal HOTEL INFO shows which destinations cost the least and how accommodation expenses fare within the UK.
According to calculations published by the Office for National Statistics (ONS), the Consumer Prices Index (CPI) in the UK has dropped by 0.1% in September 2015*. Especially fuel prices have gone down. Prices for accommodation services, however, have increased slightly, according to studies carried out by the international booking portal HOTEL INFO. Thereby, the accommodation price trends vary drastically from town to town, as can be seen in the latest price barometer.
Edinburgh and Coventry decidedly cheaper
London is represented with a plus of 7.35 %, reaching £144.53, in the latest price barometer, and is therefore still very high-priced. Numerous trade fairs and several events resulted in a high demand for rooms and a high revenue for hotel owners.
In Edinburgh, Coventry and Leeds, on the other hand, people could make a bargain. Accommodation costs in the Scottish capital dropped by an average of 16.38 % to £92.54, whereas in the industrial town in the West Midlands they went down by 10.73 % to £74.75, and in Leeds they went down by 7.79 % to £88.91.
Price turbulences in Europe
"On an international level, various events, currency fluctuations, and the general economic situation are responsible for the development of accommodation costs", explains Jörg Malang, Chief Product Officer at HOTEL INFO.
London is the number 1 among the European business centres and is also the most expensive capital in Europe. In Stockholm and Warsaw, hotel guests will also have to reach deeper into their pockets. The higher costs in the Swedish capital (plus 2.41 % to £113.40) could be a result of the qualifier for the upcoming European Football Championship taking place in the neighbouring town of Solna. In the Polish capital (plus 3.11 % to £64.95), the high demand for rooms was a result of the Warsaw Marathon, one of the biggest marathons in Europe.
Things are very different in Oslo, Moscow and Rome. In Norway, the low oil price affects the economic mood, and the local currency has lost in value, compared to the previous year. With a drop in room prices of more than 30%, more than half of which is related to currency issues, accommodation prices in Oslo (£82.60) have reached their lowest level in years. Hotel guests in Rome (minus 18.80 % to £67.73) were also able to save money.
The low oil price and economic sanctions due to the Ukraine crisis dimmed the economic mooed in Russia as well. Compared to last year, the rouble is only worth half its value. UK tourists looking for a hotel could therefore get rooms in Moscow for an average of £70. Three years earlier, hotel prices in the Russian metropolis were twice as high, and in the Ukrainian capital they were even three times as high. In Kiev, hotel guests in September 2012 had to pay almost £90 per night, which was partly due to the European Championship, whereas now they are paying a mere £30.09. Kiev is therefore the most affordable capital in Europe.
About Hotel Info
Hotel Info offers a worldwide hotel reservation service for both corporate and private travellers under the address www.hotel.info. Available in 38 languages, this website enables customers to book accommodation in more than 290,000 hotels in all categories easily, quickly and at optimal prices. More than 6 million private and corporate customers from all around the world now place their trust in this service to book their hotels. When selecting their hotel they can refer to more than 2 million personal hotel evaluations. Since October 2011 HOTEL INFO has been part of the HRS GROUP. With 1,300 employees globally the group also includes HRS and Tiscover and has branches in Barcelona, Berlin, Budapest, Hong Kong, Istanbul, Innsbruck, Cologne, London, Milan, Moscow, New York, Nuremberg, Paris, Beijing, Prague, Rome, São Paulo, Shanghai, Singapore, Tokyo, Warsaw, Vienna and Zurich.Using the experience of other hotel guests, customers seeking hotel rooms can base their decisions to book a room not only on the core information such as room price and hotel facilities, but also on the more than 1.5 million hotel evaluations and ratings submitted by hundreds of thousands of hotel guests from around the world. Compared with existing rating portals, hotel.info customers can rely on 100% genuine hotel ratings, since only customers who have booked and recently stayed in each hotel are asked for their opinion. hotel.info, the international brand of hotel.de AG, has been created in order to expand in markets in other countries. To acquire new customers and hotels abroad, offices in the UK (London), France (Paris), Spain (Barcelona), Italy (Rome), China (Shanghai) and Singapore have already been opened. The high percentage of international business travellers facilitates the Company's entry into new markets. The aim is to establish hotel.info as the leading online hotel reservation service for business as well as private customers.
