According to the data provided by The Hotel Solutions Provider (HRS), London is currently the most expensive European capital to stay in after rates in its hotels added more than 13% in the first quarter of 2014 comparing to the same period of 2013.
Currently, an average room in London is almost £116 that is higher than guestrooms in Zurich and Moscow, where an average guestroom costs £111 per night. Without a doubt, London is also the most expensive city in the UK in terms of hotel rates. The second place is occupied by hotels in Edinburgh (£89) that managed to increase their rates by almost 12% comparing to Q1 2013. Cheapest guestrooms can be now found in Edinburgh, where room rates dropped by 5% in Q1 2014, estimating £69 per night. In general, hotel rates increased in 2013 in the UK, making both hoteliers and investors optimistic about future of the industry.
Tourists, who seek inexpensive rest in Europe, are recommended to pay their attention to Budapest, where average hotel room rates are only 66 euro. Tourists will also find pleasant rates in hotels in Prague, Warsaw and Lisbon. In addition to London, room rates grew in Athens (€81), Milan (€108), and Warsaw (€76). The growth of room rate in the Greek capital estimated 14%, and +11% for Milan and Warsaw.