Debt fears and low European hotel prices

Debt fears and low European hotel prices

For the first time in this year, hotel prices in some European cities have fallen as sovereign debt fears across the Continent, and the specter of a double dip downturn, spark tourists into cutting travel expenditure.

The main metropolitan cities from Europe have faced with extensive falls, according to the innovative figures from hotel cost contrast site Trivago. 38 of the 50 cities planned in its hotel price index recorded stable or falling prices – after five months of back-to-back raises in overnight prices.

Debt fears and low European hotel prices

A lot of well-liked summer targets saw significant turns down in comparison to previous month: Barcelonas prices sank 24 percent to £117 pounds, based on a typical double; Turin fell 29 percent ,£84, down from £118 in May; and Sevilles prices fell 16 percent to £77.

Trivago announces that the Italian cities of Milan (£93) and Bologna (£69) are at this time contribution their best room rates to date for the year 2010, as are Brussels (£80) and most of the German cities (Munich, Cologne, Frankfurt and Dusseldorf).

Since January this year it seems to mark the opening of cost stabilization, following a continuous five month increase in prices. In the UK, comparable price decreases are to be found. The capital had knowledgeable noteworthy price hikes since the starting of the year, but the modify has brought London back to its characteristic annual standard, which over the past two years has in the main ranged between £120-130 a night.

Prices in other cities also qualified essential price drops: Manchester fell 12 percent, at the same time as Liverpool fell 14 percent and Birminghams hotel costs fropped 19 percent.

Edinburgh was one of the few risers, escalating one percent to £121, Blackpool rose two percent to £68, and Sheffield increased three percent to £69.

By Journey ETC

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