European Hotel Rooms See Price Increase

ETN is reporting that several European cities, including London, have reported double-digit price rises compared with the third quarter of last year.

Hotel portal HRS' survey compares hotel room prices in 48 large cities across Europe and the rest of the world for the third quarter of 2011, with prices for the same period in 2010.

There was particularly high demand in the European capitals of Vienna, Paris and Prague. Mediterranean destinations, such as Istanbul and Barcelona, also remained very popular during the summer months, meaning that hotels in these locations were able to increase their occupancy rates and prices.

At 14.3 percent, Moscow saw the largest increase. HRS noted a similar price increase in Zurich, which is also renowned for being expensive. Visitors to Switzerland's largest city were forced to dig deep, prompted by the strength of the Swiss franc. This enabled Zurich to maintain its top ranking in Europe, ahead of Moscow and London.

Hotel prices per night also increased in the British capital. A night in a hotel on the Thames cost an average of $183, up approximately 11.3 percent from the same period last year.

The constant flow of negative headlines in Greece is putting pressure on prices in cities like Athens. Visitors there paid $105 for a hotel room last quarter, down 1.7 percent from last year.


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