Europe seeing lowest hotel prices in over five years
September 17, 2012 | Hotel Marketing
Hotwire.com says Berlin, Paris, Barcelona and Rome are seeing their lowest hotel prices on Hotwire in over five years, while airfare in cities like Berlin, Dublin and Helsinki has dropped as much as 13%.
According to one discount travel site, hotel price drops have been dramatic across Europe compared to last fall: Prague, 37%; Geneva, 31%. Several factors are at work, including the normal cool down after the Olympics and the struggling Euro. What’s in it for you? Additional autumn discounts, in a shoulder season that always offers good deals.
Hotsire President Clem Bason sees the drops as a combo of three factors: a hotel room glut after the Summer Games, the weakening Euro and struggling European economy and the usual autumn slowdown, when the travel industry typically drops prcies anyway.
“We’re seeing a similar thing happen in Europe that happened in Canada right after the Vancouver Games,” he says. “London and surrounding cities opened many new hotel rooms in anticipation of record visitor numbers, and now that the big event is over, they’re discounting."
Get the full story at the Los Angeles Times
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