Strong pound helps cut hotel prices for UK travellers

UK travellers paid less than average hotel prices in 80 per cent of European destinations for the first half of 2015 due to the strength of the pound, a study has shown. According to the latest Hotel Price Index1 from Hotels.com, prices paid fell in 75 of the destinations included in the report this is despite global hotel prices rising 1 per cent for the same period compared to the first half of last year. The study collected real hotel prices paid by UK customers in 121 cities, reflecting both movements in exchange rates and hotel pricing.

The biggest decreases in hotel prices were in Ukraine and Russia, with Kiev dropping 48 per cent to 65, Moscow down 36 per cent to 92 and St Petersburg seeing a 29 per cent decrease to 85. Monte Carlo registered the highest rate paid in Europe on 218 after a 2 per cent fall and was the only European destination in the Top 10 in the price table. The next highest was Geneva on 145 after a 5 per cent dip.

The lowest prices paid by UK travellers in Europe were in the Baltic states, with Vilnius on 55 after a 10% dip and Riga losing 12% to 56.

References

  1. ^ Hotel Price Index (hpi.hotels.com)

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