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Survey: European hotel prices falling

20 July 2009 13:37

Survey: European hotel prices falling

A fall in European hotel prices may encourage people to take a break to the continent, it has been noted.

New figures from the Trivago Hotel Price Index show that when compared to the rates seen in July of last year, hotel prices in Europe have dropped by seven per cent.

Commenting on the findings, partner at hotel consultancy PKF Robert Bernard said that people will hopefully be spurred on to visit Europe due to the fall in accommodation costs.

Visitors may be encouraged to visit by "the relationship between the exchange rate and whether they're going to get value for money", he noted.

Saving money on the cost of accommodation could leave travellers with more cash to spend on travel insurance, holiday souvenirs or activities when they are on a getaway.

Figures from Trivago show that some of the cheapest hotel deals available to Brits may be in Spain and Italy.