Luxury hotel prices fall for Brits
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UK travellers were able to benefit from a significant decline in global hotel prices in 2011, according to the latest Hotels.com Hotel Price Index (HPI).
The study revealed that five-star prices tumbled 26% year-on-year in Cape Town to £178 as hoteliers slashed their prices after the 2010 World Cup. There was also a 5% fall for four-star hotels in the South African city to £99.
The price of both four- and five-star rooms in Shanghai fell, down 19% and 12% to £74 and £150 respectively. There was a 24% reduction on four-star rooms in New Delhi to £105.
There was a 7% drop for five-star hotels in Edinburgh to £144, while luxury rooms cost 8% less in Nice, at £214.
Nigel Pocklington, chief marketing officer of Hotels.com, said; “A range of factors influence prices for luxury accommodation including supply and demand, currency fluctuations and wider socio-economic trends. However, with so much information available online and in the mainstream media, travellers are becoming increasingly savvy in their choices and many are using the internet to bag some great five and four-star bargains while money is tight”.
