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UK hotel rates fall 4 per cent

HRS finds Liverpool leads with -14 per cent drop in Q1 2017, while London prices fall a marginal .6 per cent
24/04/2017

Pictured: the European survey shows Zurich hold the title of most expensive European city after a 2.3 per cent rise

Hotel rates across UK cities have fallen by up to 14 per cent, new data from HRS - Global Hotel Solutions has revealed.


Prices across Liverpool went from an average of £89 in Q1 2016 to £77 in Q2 2017 (-14.3 per cent), while Bristol prices plummeted 12 per cent, going from £102 to £90 in the same period. Another noticeable drop was in Leeds, which saw falls of 11 per cent (£104 to £93), while London prices fell a marginal 0.6 per cent.


However, price rises across Irish cities - particularly in Cork, where prices jumped 29 per cent - helped result in an overall decline of 4 per cent in hotel costs, with average hotel prices across the UK going from £110 to £105.


Talking about the findings, Andy Besent, HRS managing director (UK & Ireland), said: "There continues to be uncertainty in the UK surrounding Brexit and now with Prime Minister Theresa May calling for an early general election we will have to wait to see the impact. We have seen outbound travel from the UK more expensive due to the weak pound but the fall in average rates should at least make the UK a more attractive and cost effective destination for travellers."


Cork prices went up from £73 to £94 year on year, while Galway recorded an increase of 7 per cent (£77-£82) and Dublin went up 3 per cent (£96-£99).


Across Europe, a 2.3 per cent increase in Zurich hotel prices saw it retain the title of most expensive European city (£145-£149). The biggest price jumps were seen in Moscow (+27 per cent) to an average of £89, Oslo (+15 per cent) to an average of £118 and in Copenhagen (+11 per cent), which averaged £121.


As well as London, the cities of Milan, Athens and Istanbul also registered declining hotel rates of -1 per cent (£97), -2 per cent (£75) and -6 per cent (£63) respectively.


Besent added: "There are increased security concerns around Europe however early reports show that following the recent terrorist attack in Westminster, hotel occupancy rates in London remained in line with March patterns, Paris saw a 1.6 per cent incline and Berlin saw a 2.3 per cent increase showing resilience."


On a global scale, Washington registered the most expensive hotel prices after a 17 per cent increase, which took average rates from £176 to £206. The biggest rate rise went to Cape Town, where hotel prices soared 32 per cent (£92 - £122) followed by Toronto at 29 per cent (£88 - £113) and a 24 per cent increase in Rio de Janeiro prices (£99 - £123).





Top-Destinations Europe



Average rate per room night


Q1 2017



Average rate per room night


Q1 2016



Development


2017 vs. 2016



Amsterdam



£104 / 122 €



£99 / 117 €



4.3%



Athens



£76 / 86 €



£75 / 88 €



-2.3%



Barcelona



£95 / 112 €



£88 / 103 €



8.7%



Berlin



£76 / 89 €



£74 / 87 €



2.3%



Budapest



£65 / 77 €



£62 / 73 €



5.5%



Helsinki



£109 / 128 €



£103 / 121 €



5.8%



Istanbul



£63 / 74 €



£67 / 79 €



-6.3%



Copenhagen



£121 / 142 €



£109 / 128 €



10.9%



Lisbon



£75 / 88 €



£69 / 81 €



8.6%



London



£145 / 170 €



£145 / 171 €



-0.6%



Madrid



£86 / 101 €



£79 / 93 €



8.6%



Milan



£97 / 114 €



£98 / 115 €



-0.9%



Moscow



£89 / 105 €



£71 / 83 €



26.5%



Oslo



£118 / 139 €



£103 / 121 €



14.9%



Paris



£108 / 127 €



£106 / 125 €



1.6%



Prague



£57 / 67 €



£54 / 63 €



6.3%



Rome



£82 / 96 €



£75 / 88 €



9.1%



Stockholm



£122 / 144 €



£118 / 139 €



3.6%



Warsaw



£64 / 75 €



£60 / 71 €



5.6%



Vienna



£77 / 90 €



£71 / 84 €



7.1%



Zurich



£149 / 175 €



£145 / 171 €



2.3%




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