Overnight Hotel Prices Remain Low

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Online booking giant hotel.info have relased their ‘Hotel Price Barometer’ for February 2010, and it tells us that current overnight prices are still below the level of those prior the onset of the economic crisis; although it evident that prices have now bottomed out and are beginning to stabalise ahead of a recovery.

The findings are based on over 4 million hotel prices requests conducted in Febrauary, which are compared with the previous month and also the same period in 2008 and 2009.

With a few exceptions the prices were still lower than those of February 2008, but in more than half the towns studied the rates were above those achieved in the crisis February of 2009. In addition prices have recovered during the past month. This positive upward trend refers to Europe, but even globally there is also positive upward movement in some of the major cities.

The following hotel.info ranking for the month of February 2010 shows the average hotel price per room and night in Euros for all types and categories of hotel.

February 2010  – An encouraging recovery from January and very promising tendencies in comparison year on year. However prices are still below those of February 2008. As previously Moscow is the most expensive metropolis; Dubai’s room rates have decreased by 43%.  London, somewhat surprisingly, has increasing hotel rates.

Town/City Feb 10 Jan 10 Feb 09 Feb 08 Comparison of Feb 10 with Feb 08 as a percentage
Moscow 164.82 172.96 197.31 230.29 -28.43
Oslo 162.38 143.83 145.87 144.29 12.54
New York 162.18 163.09 139.05 193.79 -16.31
Sydney 151.32 136.84 135.77 145.41 4.06
London 140.15 125.45 124.40 128.14 9.37
Rio de Janeiro 133.04 133.22 123.88 101.71 30.80
Copenhagen 132.11 121.67 128.93 125.57 5.21
Tokyo 128.65 133.44 123.96 163.30 -21.22
Singapore 127.04 125.73 123.12 166.68 -23.78
Zurich 126.77 117.43 129.76 141.03 -10.11
Stockholm 121.23 123.29 126.06 134.78 -10.05
Dubai 121.11 99.15 148.70 213.35 -43.23
Helsinki 120.57 114.14 123.54 128.21 -5.96
Paris 116.46 112.88 109.47 113.64 2.48
Amsterdam 104.65 100.42 100.44 127.56 -17.96
Rome 102.11 100.16 113.73 117.74 -13.28
Barcelona 92.79 99.78 87.01 118.14 -21.46
Vienna 86.75 82.92 83.70 94.92 -8.61
Mexico City 86.36 80.08 100.50 107.19 -19.43
Bucharest 82.22 77.42 90.71 118.99 -30.90
Lisbon 82.19 70.71 77.69 77.06 6.66
Warsaw 81.48 78.74 81.96 100.56 -18.97
Berlin 80.60 78.88 81.16 88.74 -9.17
Istanbul 80.09 75.15 78.79 92.91 -13.80
Madrid 79.43 85.98 88.60 102.80 -22.73
Beijing 78.79 69.34 88.11 119.77 -34.22
Shanghai 75.48 81.51 81.89 111.05 -32.03
Budapest 69.75 63.60 73.55 77.49 -9.99
Prague 60.66 62.11 64.57 78.35 -22.58
Bangkok 56.75 59.66 61.98 88.85 -36.13
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