Boost for tourism as London hotel prices fall
Released on: March 27, 2009, 8:26 am
Author: Cordy Griffiths
Industry: Travel
Hotel.com's latest Hotel Price Index (HPI) has shown that
hoteliers across the UK - and in London in particular - are continuing
to drop the rates for hotel rooms.
London hotel prices were down by 12% to £111 per room on average in the last three
months of last year, making it a great time to holiday at home in the capital.
However, the weakness of the pound meant that average prices paid by European and US
travellers were down by as much as 24% in London, making the city an even more
attractive destination for foreign travellers. Hotels.com saw a 49% increase in the
number of searches by Eurozone travellers for London hotels in December 2008
compared to a year earlier, as travellers sought to take advantage of the struggling
pound.
The Hotels.com HPI tracks the real prices paid per hotel room, rather than
advertised rates, for 68,000 hotels across 12,500 locations around the world. The
latest Hotel Price Index
looked at prices from October to December 2008, compared to the same period the year
before.
UK hotel prices were down by an average of 12% at the end of 2008, with hotels in
the north-west seeing some of the biggest price drops. Prices in Blackpool fell by
22% to an average of £79 per room per night, and in Manchester by 19% to £73.
On the other hand, Bath was the only city at the top of the price league in which
the prices paid for hotel rooms actually rose - by 3% in Q4 2008 to £119. It
remained the most expensive city in the UK.
While UK travellers benefitted from significant price falls last year, visitors from
Europe and the US enjoyed even bigger savings as the fall in hotel prices was
compounded by the weak Sterling.
Cities leading the price falls alongside London (down 24%), were Manchester (down
24%) and Glasgow (down 23%). US travellers paid a similar proportion less for UK
hotel rooms in Q4 2008 - average prices paid by travellers from the States to the UK
fell by 25% between Q4 2007 and Q4 2008.
David Roche, president of Hotels.com Worldwide, said: "This is the first time in
the four years we have published the HPI that we have seen such marked price falls.
"British travellers can enjoy some great savings at home and the UK has never
looked so attractive for foreign visitors.
"The silver lining for hoteliers is that the low prices are proving a boost to
British tourism."
Patricia Yates, Director of Strategy and Insights at Visit Britain, said: "This
report underlines that Britain is a great place to holiday right now, whether
you're from overseas or from the UK itself. There are some fantastic deals to be
had and you can enjoy all this country has to offer for less than ever before."
-Ends-
About Hotels.com
Hotels.com is part of the Expedia group which operates in all major markets with
dedicated staff, offering more than 99,000 quality hotels worldwide, including New
York hotels, Rome hotels and Paris hotels. If a customer can find the
same deal for less on a prepaid hotel, Hotels.com will match it. Hotels.com benefits
from one of the largest hotel contracting teams in the industry negotiating the best
rates for its users, plus user-contributed reviews of its properties.
Hotels.com PR Contact:
Cordy Griffiths
PR Manager
Hotels.com
42 Earlham St
Covent Garden
London
WC2H 9LA
020 7019 2268
www.hotels.co.uk