UK hotel prices falling faster than rest of world
23 January 2009 17:51
The cost of staying at a UK hotel is falling at a faster rate than across the rest of the world.
That is according to Nigel Pocklington, the managing director for Hotels.com, who has said that as prices have fallen by an average of four per cent then they "are falling faster here than they are globally".
Mr Pocklington noted that a number of places which are traditionally very expensive to stay have begun to drop their prices.
He commented: "The price in London falling for example by three per cent is unusual. The price in Edinburgh falling by five per cent is also very unusual.
"Normally these are always popular, therefore hotels don't have to work that hard to fill their rooms and they can easily charge relatively high rates."
Figures from the Hotels.com Hotel Price Index show that the average price for hotel rooms fell by three per cent during the summer from July to September when compared to the same period in 2007.