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Falling hotel prices in international destinations


According to the Price Radar of HRS, the rates of the most important non-European destinations in the first quarter of 2018 are down compared to the same period of 2017, with a average decrease of 5.5% . The most expensive city in the first quarter of 2018 is Sydney with a fee of € 200 (vs last year: € 206) per night, followed by Washington (€ 194, vs last year: € 226) and New York (€ 189, vs last year: € 193).


Europe: Amsterdam and Prague rates up 10 percent

The evolution of hotel prices in Europe in the first quarter of 2018 was different compared to the destinations extra European. Amsterdam with 135 euros and Prague with 74 euros are the destinations where there was the biggest increase (around 10%). Although with falling prices, Zurich (€ 170), London (€ 165) and Copenhagen (€ 136) are the most expensive European cities. Istanbul with a 7% drop in tariffs is the cheapest destination in Europe with 69 euros.


Milan is confirmed as the most expensive city in Italy

In Italy the tariffs are essentially stationary passing on average from € 88 to € 89 per night. The greatest increase is recorded in Bologna (+ 4.7%), in second place as annual change (+ 3.54%) there is Milan which confirms the Italian city where to stay overnight costs more: on average € 117 per night . Even Florence and Rome are increasing with prices that stabilize however under € 100 a night and therefore far away from the most expensive destinations in the world.


The analysis: all bookings have been analyzed not canceled in the period 01.01.2018 to 31.03.2018 and in the same period of 2017 in the HRS portal. The selection includes both single and double rooms, with and without breakfast at the hotel from 1 to 5 stars. Destinations with a significant volume of bookings were analyzed

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