The European hotel industry has seen room rates decline this month. Whereas a standard double room cost 117 pounds in May, the European average has fallen four pounds to 113 pounds per night. 35 of the tHPI’s 50 cities have seen overnight costs fall at least a few percent, and eleven of those saw rates fall more than ten percent.
Hotel prices in cities across Europe have fallen for the first time since the beginning of the year, as sovereign debt fears across the Continent, and the spectre of a double dip recession, spark travellers into cutting travel expenditure.
The international travel portal trivago.com has launched a new feature: users of the hotel search can now compare the exact rate descriptions for hotel bookings on trivago.