February tHPI: Hotel prices increase by up to 38% following last month’s decrease

Europe

Last month saw hotel prices decrease to their cheapest since December 2010. This month, hotel prices have increased by up to 38 per cent. One night in February 2013 will cost an average of £86, according to the trivago Hotel Price Index (tHPI) based on the 50 most popular European cities on trivago.co.uk.

EU Hotel Prices
Hotel prices in Europe have increased by an average of 6 per cent in comparison to last month. One night in February will cost an average of £86, in comparison to £82 in January. One night in February 2012, however, cost an average of £91. Although hotel prices have increased in comparison to last month, they have decreased by an average of 5 per cent in comparison to this time last year.

		February 2013	January 2013		February 2012
	City	Price	Price	% difference	Price	% difference
1	Paris	£133	£128	4%	£136	-2%
2	Rome	£82	£80	3%	£90	-9%
3	London	£144	£130	11%	£150	-4%
4	Berlin	£77	£69	12%	£79	-3%
5	Barcelona	£103	£75	37%	£106	-3%
6	Prague	£61	£77	-21%	£63	-3%
7	Florence	£82	£94	-13%	£84	-2%
8	Madrid	£77	£71	8%	£84	-8%
9	Milan	£122	£108	13%	£132	-8%
10	Venice	£132	£96	38%	£151	-13%
11	Vienna	£87	£84	4%	£90	-3%
12	Munich	£110	£110	0%	£99	11%
13	Istanbul	£78	£80	-3%	£78	0%
14	Amsterdam	£91	£92	-1%	£100	-9%
15	Cologne	£95	£104	-9%	£97	-2%
16	Hamburg	£86	£78	10%	£92	-7%
17	Frankfurt	£110	£106	4%	£113	-3%
18	Brighton	£85	£76	12%	£97	-12%
19	Brussels	£98	£85	15%	£103	-5%
20	Athens	£60	£58	3%	£63	-5%
21	Dublin	£81	£69	17%	£82	-1%
22	Nice	£77	£70	10%	£78	-1%
23	Lisbon	£66	£64	3%	£69	-4%
24	Budapest	£51	£52	-2%	£51	0%
25	Edinburgh	£97	£85	14%	£102	-5%
	Average:	£86	£82	6%	£96	-5%

The most significant increases in comparison to January can be found in the Carnival cities of Venice (up 38 per cent to an average of £132 per night) and Valencia (up 19 per cent to £63 per night), where celebrations started as early as 2nd February and continued until Shrove Tuesday (12th February). Hotel prices in Berlin have increased by 12 per cent to an average of £77 per night, to coincide with the Berlin International Film Festival (7th to 17th February).

Other significant increases can be found in Barcelona (up 37 per cent to an average of £103 per night), Stockholm (up 18 per cent to £139 per night), Dublin (up 17 per cent to £81 per night) and Brussels (up 15 per cent to £98 per night). It is possible hotels in these destinations have increased their prices due to Valentine ’s Day, with couples taking advantage of weekend breaks from 15th to 17th February. Alternatively, these destinations may have proved popular for February half term breaks, causing an increase in hotel prices.

Those looking for a cheap Valentine’s or February half term getaway may want to consider Riga (down 26 per cent in comparison to January to an average of £56 per night), Prague (down 21 per cent to £61 per night) or Florence (down 13 per cent to £82 per night). In comparison to this time last year, hotel prices have dropped in Zaragoza (down 15 per cent to an average of £52 per night), Bucharest (down 14 per cent to £57 per night) and Warsaw (down 12 per cent to £53 per night).

UK Hotel Prices

		February 2013	January 2013
	City	Price	Price	% difference
1	London	£144	£130	11%
2	Edinburgh	£97	£85	14%
3	Liverpool	£81	£77	5%
4	Cardiff	£82	£69	19%
5	Blackpool	£55	£53	4%
6	Manchester	£97	£86	13%
7	York	£88	£80	10%
8	Glasgow	£74	£66	12%
9	Newcastle	£77	£69	12%
10	Bristol	£84	£75	12%
11	Birmingham	£79	£66	20%
12	Oxford	£109	£99	10%
13	Cambridge	£104	£94	11%
14	Brighton	£85	£76	12%
15	Leeds	£73	£67	9%
16	Nottingham	£66	£66	0%
17	Norwich	£80	£75	7%
18	Sheffield	£70	£66	6%
19	Exeter	£79	£72	10%
20	Belfast	£79	£76	4%
	Average:	£85	£77	10%

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Tatiana Rokou

News Editor - TravelDailyNews Media Network | + Posts

Tatiana is the news coordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes monitoring the hundreds of news sources of TravelDailyNews Media Network and skimming the most important according to our strategy.

She holds a Bachelor's degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.