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London was the most expensive European capital for hotel stays last month, with prices rising by 7.35% to more than £144 over September 2014, new research reveals.
There was a price gap of more than £20 to Copenhagen, the next priciest capital city in Europe, despite rates falling by 2.48% year-on-year to £120.87.
Rates rose in Stockholm by 2.41% to make it’s the third-costliest at £113.40 per room, per night, according to international booking portal Hotel Info.
Room rates also rose in Warsaw by 3.11% last month to £64.95, making the Polish capital more expensive than Vienna and Madrid, which came in as among the least expensive European cities surveyed at £64.55 and £57.78 respectively.
Accommodation prices in Oslo at £82.60 have reached their lowest level in years with a drop in room prices of more than 30%, more than half of which is related to currency issues.
Rates in Rome also saw a steep decline, by 18.80% to £67.73.
The low oil price and economic sanctions due to the Ukraine crisis dimmed the economic mood in Russia as well with the rouble only worth half its value compared to the same time last year.
“UK tourists looking for a hotel could therefore get rooms in Moscow for an average of £70,” Hotel Info said.
“Three years earlier, hotel prices in the Russian metropolis were twice as high, and in the Ukrainian capital they were even three times as high.
“In Kiev, hotel guests in September 2012 had to pay almost £90 per night, which was partly due to the European Championship, whereas now they are paying a mere £30.09. Kiev is therefore the most affordable capital in Europe.”
Within the UK, Edinburgh and Coventry saw the steepest declines in room rates in September by 16.38% to £92.54 and 10.73% to 74.75 respectively.
Glasgow saw the highest rate rise of more than 22% to £99.99 followed by Nottingham which was up by 10.44% to £78.79, according to the latest price barometer by Hotel Info.
Chief product officer, Jörg Malang, said: “On an international level, various events, currency fluctuations, and the general economic situation are responsible for the development of accommodation costs.”