Major Plunge in Hotel Prices across UK and Rest of Europe – Perfect Time for Vacation! has suggested that as the number of business travellers coming into London is increasing, the serviced apartment business is going through a rise in the growth rate.
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Dec. 7, 2012 - PRLog -- If you had been waiting all this while to plan a vacation in the magnificent Europe, then this is the opportunity you should not miss out on! No, it’s not about the airfare or some tricky vacation deals. It is actually about the hotel prices seeing generally downward trend almost all across Europe, if various facts and figures on the internet are to be believed. The average hotel prices have come down by nearly 18% in the last two months, from £105 and £99 in September and October respectively, to an average of £86 in the month of November, for an overnight stay. This is so far the cheapest rate since January 2012.

So if you are ready to shell out an average of £111 this November for a night’s stay, you can easily plan your vacation to UK. It was a good idea not to plan the vacation sooner or else you would have ended up paying around £119 in October. But the decrease in hotel prices in the UK is not as marked as rest of Europe. Reports suggest that while UK’s average hotel price per night has fallen only by average £7 in comparison to October and September, hotel prices in Europe have dropped by an average of £19!

Prices have shown varying trends within UK. While the general trend has been to experience a drop, the only place showing a considerable boost in November is Cardiff with prices up by almost 8% to an average of £91 per night as compared to last month. Hotel prices are down in other places across the UK as compared to November 2011, including a significant change in London where hotel prices are cheaper 9% to an average of £161 per night.

Talking about the major European cities, hotel prices in over 45 cities have seen a plunge in comparison to the month of October. The most notable decline can be seen in Venice, where hotel prices are down by 41% reaching an average of £112 per night. Some other major cuts this month in comparison with the month of October have been experienced in Rome which was down 31% to an average of £92 per night, Budapest, down 26% to £54, Barcelona, reduced 24% to £91, Paris which was cheaper 23% to £132, Prague being down 21% to £71, Istanbul lesser 21% to £96, and Madrid which was down 20% to £79.

So go ahead and plan your vacation to Europe in this year itself as the prices may not remain so great for a long time!!

Short Let Apartments specialises in short term accommodations in London and is part of a property group with over 50 years' experience in the London residential lettings property market. We provide serviced apartments in London ( to corporate clients and business travellers and, with an extensive portfolio of fully furnished apartments on our database.
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