Hotel room rates in Europe take a dive this Autumn
Room rates throughout 24 European cities have taken a dive this autumn. The cities, recognized by the Post Office Travel Money’s City Costs Barometer, are on the federal government’s quarantine exemption record and are providing room rates which might be as much as 26 per cent decrease than this time final 12 months.
The largest falls of 26 per cent had been famous in Iceland’s capital, Reykjavik and Oslo, Capital of Norway. Belfast adopted with a 23.7 per cent drop and Dublin with a 19.3 per cent drop.
Italian cities – Rome (-20%), Milan (-18%) and Verona (-18%) – noticed a number of the largest drops however the largest fall of 25.5 per cent was in Dublin.
A key issue in the worth falls has been better resort availability, which has led to extra competitors and decrease room rates. Only two cities (Athens and Katowice) registered rises in the common price of two nights’ three-star lodging in contrast with March.
Overall Vilnius and Warsaw had been revealed as the most affordable of the 24 cities.
With Portugal newly added to the record of nations exempt from quarantine, Lisbon has re-entered the highest 10 in fourth place (up from final 12 months’s 14) with a year-on-year value fall of 8.4%. Portugal’s second metropolis, Porto, is simply behind in fifth place, though costs have risen virtually 13% since final 12 months.
Nick Boden, head of Post Office Travel Money, which accounts for one-in-four UK forex transactions stated:
“This year’s report reveals that there is plenty of choice across Europe in cities that offer great value. Prices compare very well with those a year ago, partly because sterling is stronger than in late summer 2019 but more notably because of the falls in hotel prices caused by greater availability after the Covid-19 lockdown. We have chosen to feature only those cities currently excluded from quarantine restrictions but we urge people planning trips to watch FCO advice carefully before booking their holiday.”
Most costly in the 2020 City Costs Barometer is Copenhagen.