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First Drop of Hotel Prices in 2010Thursday, 10 June 2010Hotel prices in Europe have dropped for the first time since the beginning of the year. This seems to mark the beginning of a price stabilisation, following an uninterrupted five month rise in prices since January 2010. In the UK, similar price reductions are to be found, with key cities like London and Birmingham falling 12% and 19%. These are the findings of the trivago Hotel Price Index (tHPI), which is published monthly by the hotel price comparison site www.trivago.co.uk.
London, 10 June 2010. In June, the price of an overnight stay in a standard double room in Europe fell to 97 pounds. This represents a drop of six percent in comparison to last month’s average of 103 pounds, and arrives just in time for the beginning of the summer travel season. In 38 of the 50 cities listed in the tHPI for June, prices fell or remained steady, suggesting that hotel prices are beginning to stabilise after a prolonged trend of rising prices in 2010.
European hotel prices drop six percent
For the first time since January 2010, average hotel prices in Europe’s biggest metropolitan cities have declined. 38 of the 50 cities listed in the tHPI registered stable or falling prices – after five months of back-to-back increases in overnight prices, it would seem that a peak has been reached, and hotel summer prices may be close to finding stability. Many popular summer destinations saw important declines in comparison to last month: Barcelona’s prices fell 24% to 117 pounds; Turin fell 29% (84 pounds, down from 118 pounds in May); and Seville’s prices sank 16% to 77 pounds. The Italian cities of Milan (93 pounds) and Bologna (69 pounds) are currently offering their best room rates to date for the year 2010, as are Brussels (80 pounds) and most of the German cities (Munich, Cologne, Frankfurt and Dusseldorf).Stable or dropping prices in the UK
The majority of British cities registered stable or falling hotel prices this month, in line with the decreasing accommodation costs elsewhere in Europe. Average overnight costs in London fell 12% to 129 pounds. The capital had experienced significant price hikes since the beginning of the year, but the change has brought London back to its typical yearly average, which over the past two years has generally ranged between 120 and 130 pounds a night. Prices in other cities also experienced important price drops: Manchester fell 12%, while Liverpool dropped 14% and Birmingham’s hotel prices fell 19%. Other cities were more stable, with price changes ranging from -3% to 3%. Edinburgh increased one percent to 121 pounds, Blackpool rose two percent to 68 pounds, and Sheffield rose three percent to 69 pounds. Conversely, Newcastle and Bristol both fell 3 percent, to 88 pounds and 82 pounds respectively.For an overview of the average hotel prices in Europe, as well as graphics and data charts for the past few months, please visit www.trivago.co.uk/hotelprices
The www.trivago.co.uk hotel price index shows the average overnight accommodation prices for the most popular European cities on trivago. Prices for a standard double room are calculated on the basis of 160,000 daily price inquiries for overnight hotel stays generated through the trivago hotel price comparison service. trivago stores all hotel enquiries for each month and therefore gives an overview of hotel accommodation prices for the upcoming month. The tHPI reflects the hotel prices within the European online hotel market: The overnight accommodation prices of 53 online travel agents and hotel chains create the average hotel prices for cities, regions and countries within Europe.About trivago
Travellers find the ideal hotel for the best rate on trivago. The online service compares the hotel rates of 53 booking sites for 400,000 hotels worldwide. In addition, trivago has integrated over 15 million hotel reviews and shows the overall rating for each hotel. trivago does not just compare the prices of online hotel booking sites, but also the rates. Users can see whether breakfast is included, if any cancellation fees apply, and whether payment by credit card is available. trivago has the first “Freestyle” metasearch engine: travellers are able to search by holiday region, city or hotel name. With its headquarters in Dusseldorf, Germany, trivago was founded in 2005 and currently operates 21 international country platforms.
European hotel prices are seven percent cheaper in comparison to July 2008. These are the findings of the tHPI (trivago Hotel Price Index) which is published monthly by the hotel price comparison site www.trivago.co.uk. Travellers can currently find cheap hotel deals in the major Spanish and Italian tourist destinations. In top European cities prices have decreased up to 25 percent in comparison to the previous year.
London, July 6th 2009. The trivago hotel price index shows that accommodation prices in Europe are seven percent less than the previous year. A standard double room in one of the top European cities costs 90 pounds in July 2009, compared to 97 pounds in July 2008. In 38 of the 50 cities hotel prices have decreased or remained the same.
Cheap hotel prices in Southern Europe
There has been a substantial drop in prices in the most popular holiday destinations. In Rome, the price of a standard double room is 102 pounds in July, seven percent less than last year. In Milan hotel prices are seven percent less (93 pounds). Prices are also plunging in Spanish cities: a room in Madrid is 74 pounds, 31 percent less than the previous year (107 pounds). In Barcelona the average hotel price is 94 pounds, 28 percent less than July 2008. Other Southern European cities such as Turin (84 pounds), Palermo (81 pounds), Lisbon (75 pounds) and Bologna (73 pounds) have also seen a considerable decrease in prices.Bargains also in Scandinavia and the United Kingdom
Sweden and Norway are usually consistently expensive countries to visit, however this July prices are also more favourable. Overnight accommodation prices in Stockholm (101 pounds) and Oslo (111 pounds) are at their lowest level this year. These cities are 20 percent less than last month and over10 percent less than last year. Also in the United Kingdom there are good deals this July in comparison to the previous year. A room in Brighton1 this July is 14 percent cheaper at 110 pounds. Accommodation prices in Birmingham are 20 percent less (74 pounds); an overnight stay in Manchester is 17 percent less than July 2008. Hotel prices in the English capital have risen by two percent to 134 pounds and Geneva remains the most expensive European city at 194 pounds.
The www.trivago.co.uk hotel price index shows the average overnight accommodation prices for the most popular European cities on trivago. The average prices for a standard double room are calculated on the basis of 40,000 daily price inquiries for overnight hotel stay generated through the trivago hotel price comparison. trivago stores all hotel enquiries for each month and therefore gives an overview of hotel accommodation prices for the upcoming month.
The difference in price for the top 25 European cities in comparison to July 2008 can be found here:
The difference in price for the top 25 European cities in comparison to June 2009 can be found here:
Subscribe for the monthly trivago price index by emailing: thpi@trivago.com.Press Contact: Sian Williams
Tel: +44 (20) 30025995
E-Mail: sian.williams@trivago.co.uk
At trivago the customer can compare prices with one mouse click. With a unique meta price comparison for hotels, the client searching can find the cheapest deal from different well known booking platforms.
Even people that prefer to book directly through hotels should also check out trivago first. Often intermediaries can offer better prices than the hotel itself. Those visitors who know exactly what they want, can use different criteria to narrow down the search to suit their individual needs.
Some of the most researched hotels the past week at trivago:
Thanks to the trivago community, visitors can find personal travel reports, holiday photos, hotel, restaurant and destination evaluations, beyond compare. No sales driven travel agent has a say in this, only the travelers with their personal recommendations. Therefore, an honest impression of the next holiday destination develops because of the fact that trivago members write and judge only that information which they share between themselves.
Every member engaged in the community also benefits financially, as the community shares a large part of the commission from hotel recommendations. Active users can therefore contribute to their travel funds, and again use their newly gained travel information for the community.
“trivago’s unique technological structure makes finding hotels efficiently with your chosen criteria possible.”
- Peter Vinnemeier, Technology Sales and Distribution Manager
“For most internet users the online travel market is still very unclear. With our price comparison we clarify the offers from various suppliers for customers. Our partners also profit from trivago through an increase in bookings and publicity. We compare the prices from booking machines, which provide an added value and are thus competitive. At times one partner has the advantage, and at times another. The region in which someone is looking for a hotel also plays a big role. We have determined that individual suppliers in specific countries or cities are especially low-cost. Without the help of trivago, such information is only available to customers via exhausting search efforts on their part.”
- Malte Siewert, Finance and Business Development Manager“trivago is often used as an ideal example for the Web 2.0. With the overuse of the word ‘ideal’ the latter hardly holds any meaning for me.
To put it simply, in comparison to its competition, trivago goes the extra mile. trivago doesn’t have a community, it is the community. Every user is immediately part of the broad picture, in which the possibilities are endless.”
- Rolf Schrömgens, Strategy and Product Manager
The Telegraph reports that, in comparison to May 2008, there has been a marked increase in hotel prices for Britons visiting the Continent.
The weakness of the pound has been blamed for the sharp rise in average room rates across Europe's most popular cities. It has fallen by 13 per cent against the euro (from €1.27 to €1.12) since May last year. But according to a monthly hotel price index compiled by Trivago, an online comparison website, the rates British travellers are quoted have increased far beyond these currency fluctuations.
Compared with May last year, average nightly rates this month have increased by £60 in Venice, £54 in Geneva and £47 in Nice. Rates in Frankfurt, Cannes, Rome and Munich have all risen by a third over the same period. The index, which is based on 40,000 daily price inquiries for overnight stays, is one of the travel industry's most comprehensive price monitors. Overall, the price of a stay in a double room in Europe's 50 most popular cities will cost an average of £107 this month – 15 per cent more than in May 2008.
There has been a marked decline in the number of British visitors to the Continent this year. Eurostar, which has enjoyed months of successive growth following its move across London from Waterloo to St Pancras, reported recently that passenger numbers fell by 11.5 per cent between January and March, to 1.92 million, compared with the same period last year. In March, the tour operator Inghams cancelled its entire summer city breaks programme owing to lack of demand. This week Xcapewithus, which sells accommodation, went into administration, affecting up to 10,000 British holidaymakers. The Majorca-based company blamed currency fluctuations – particularly the high cost of the euro.
Source: European hotels cost Britons 50 per cent more - Telegraph.
www.trivago.co.uk, the consumer site for travel information, has investigated the current most popular museums in Europe. The results are based on the most viewed museums on trivago in January 2009.
1. Madame Tussauds Wax Museum, London Madame Tussauds first opened its doors in London over 200 years ago on Baker Street, but moved to Marylebone Road in 1884. There are now a total of eight Madame Tussauds wax museums located around the world and despite its age, the London location still draws in the crowds and is the top museum on trivago. From royalty to rock stars, visitors can see a bit of everything and 2009 additions to the collection include, Barack Obama who was unveiled on the 15th January and racing superstar Lewis Hamilton.
2. Louvre, Paris The Louvre museum is located in the Louvre Palace which was originally a fortress in the 12th century. The Louvre is one of the largest museums in the world (210,000 square metres) and is the world's most visited art museum. It exemplifies traditional French architecture from the Renaissance, and has 35,000 works of art, displayed in over 60,000 square metres of exhibition space.
3. The British Museum, London The British Museum is famous around the world for its vast archeological and antiques collection. In 94 galleries there are more than seven million objects from every continent. Visitors can find treasures such as the Parthenon Marbles, the Rosetta Stone, as well as Egyptian mummies. Since the new millennium the museum also includes the Queen Elizabeth II Great Court, the largest covered square in Europe.
4. Museo Nacional del Prado, Madrid Museo del Prado is one of the oldest museums in Europe, built in 1819. The museum has one of the finest collections of European Art; highlights of the collections are the Spanish masters, Velázquez, Goya and El Greco, Italian artists such as Rafael or Titian, and the Flemish artist Rubens. It is one of the most frequented sites in Madrid.
5. The London Dungeon, London At the London Dungeon Museum you can see the dark site of London. The dungeon opened in 1976 and now more than 40 of the most horrific chapters in history are depicted. There are old classics, such as the recreation of the Jack the Ripper murders as well as a new Sweeney Todd attraction.
6. Miniature Wonderland, Hamburg The Miniature Wonderland in Hamburg is the largest model railway in the world. The museum is located in Hamburg’s Speicherstadt (the historic warehouse district in the harbour) and is one of Germany’s top tourist attractions. The museum is divided into seven different sections, which show - with great attention to detail - miniature versions of the German areas Harz, Hamburg and Knuffigen (a fictitious city), as well as, America, Scandinavia and Switzerland.
7. Anne Frank Museum, Amsterdam The Anne Frank museum is the former hiding place of probably the most famous Jewish family of the Second World War. During the war Anne Frank wrote a diary in the Secret Annex of the house which was later published. In 2008 almost 1 million people visited the old house, on the “Prinsengracht”, to see where Anne Frank hid for over two years.
8. Galleria degli Uffizi, Florence The Uffizi Gallery has an average of 1.7 million visitors per year and has a collection of the most important masterpieces from the medieval age to the Italian Renaissance. 1,700 paintings, 300 sculptures and hundreds of other pieces are distributed in more than 45 rooms. The museum, located in Piazza della Signoria in Florence, was founded in the mid 1500s by the Medici family. Some of the most famous paintings include, “The Adoration of the Magi”, “Primavera”, and “The Birth of Venus” by Botticelli.
9. Sex Museum, Amsterdam Amsterdam’s notorious sex museum is located on the Damrak, one of the main streets in the heart of the Dutch city. The “Venustempel” houses a collection of erotic paintings, sculptures and artifacts. The sex museum expresses the liberality in The Netherlands and takes its visitors on a journey through the history of sex from classical antiquity to this day.
10. Centre Georges Pompidou, Paris The idea for the Centre Pompidou was thought up by the French president Georges Pompidou and was only completed after his term in office in 1977. The design of the museum is influenced by 70s architects Piano and Rogers. In the Centre Pompidou visitors will find a collection of modern art from the 20th century, additionally there is a public library and the Institute of Music and Acoustic Research. Important temporary exhibitions from the last years include, “Dali” (1980), “Kandinsky” (1984), “Matisse” (1993), “Joseph Beuys” (1994) and “Francis Bacon” (1996).