London hotel rates fall, but city remains most expensive in Europe

Will Green is news editor of Supply Management
12 November 2014

Average hotel room rates in London have dropped by 3.29 per cent year-on-year, but it remains the most expensive capital city in Europe according to booking portal hotel.info.

In September 2014 the average cost of a room in London was £134.63, compared to £139.21 in September 2013, putting the capital ahead of the next most expensive European cities of Paris (£125.44) and Oslo (£124.95).

Elsewhere in the UK prices have fluctuated over the same period, with the average cost of a room in Glasgow dropping 13 per cent to £81.56 but rising almost 10 per cent in Birmingham to £70.72. In Manchester the average rate fell by 3.8 per cent to £94.11.

According to hotel.info’s Hotel Price Barometer, room costs in Prague and Budapest have fallen by 12 per cent and 17 per cent to £59 and £55.23 respectively, offering “the most advantageous hotel rates of any of the European capital cities”.

New York is the most expensive city in the world at £186, while costs in Brazil have remained at the same high level since the World Cup, with prices in Rio de Janeiro up 30 per cent to £119.62.

Prices in Moscow have fallen by almost 16 per cent due to “lower demand and the falling value of the rouble caused by the crisis in Ukraine”.

Meanwhile, HRS has revealed the most popular hotels in key business locations in Europe, as rated by corporate travellers, with South Place Hotel in the top spot in London.

The top 10 most expensive European capital cities in September 2014 were:

1.     London - £134.63
2.     Paris – 125.44
3.     Oslo - £124.95
4.     Copenhagen - £123.94
5.     Berne - £118.35
6.     Amsterdam - £113.82
7.     Stockholm - £110.73
8.     Helsinki - £108.87
9.     Moscow - £108.64
10.   Rome - £83.41

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