Data shows 7 per cent fall in UK hotel rates

Data Shows 7 Per Cent Fall In UK Hotel Rates

Pictured: HRS data indicates rates fell across the UK, while Dublin saw huge growth

The average cost of a hotel room in cities across the UK and Ireland fell by 7 per cent in the second quarter of 2016, according to the latest figures from hotel services company HRS. Year-on-year rates fell by as much as 10 per cent in Bristol (to 97), 9 per cent in Liverpool ( 92), 8 per cent in Cardiff and Leeds (both 94), while London rates fell by 7 points ( 148). HRS gathered data from public and corporate bookings in one to five-star hotels between 1 April and 30 June, which was compared to the corresponding period in 2015. Dublin was the only city in the sample to record an increase, where average rates were up 70 per cent to 163.

HRS says it only uses sample sizes that ensure an accurate insight into these booking trends and figures . Jon West, HRS UK and Ireland managing director, said: With UK room rates dropping across the board in Q2 2016 by an average of 7 per cent against the same period the previous year, this is certainly something to keep an eye on but it could present an opportunity for UK tourism and the business travel industry. For business travellers and holidaymakers alike, this should make the UK more appealing as a place to stay as for many years now it s been renowned for being so expensive. HRS data also indicates European destinations are becoming ever more expensive, with Oslo rates the steepest for a capital city, at 186 a night.

Almost half of the European cities in the sample had recorded a year-on-year rate increase, West added, as Stockholm (15 per cent) and Helsinki (14 per cent) also saw rates shoot up. Prices continue to fall in Istanbul following a series of terror attacks. An average night s stay costs 65, while Moscow and Milan also recorded decreases of 16 per cent and 14 per cent respectively.

Further afield, New York remains the most expensive city in the world, with average rates of 204, despite a 12 per cent slide compared to 2015.

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