Despite the fact that prices during the last quarter of 2006 were 17% higher than the year before, reaching an average of 121 euros per night, European hotel prices are on average 25% lower than in the States (161 euros).
France and Scandinavia
According to the Spanish Hotel Price Index (HPI), European hotel prices registered the highest increase in Norway (30%), Denmark (28%), Sweden and France (both 27%). This is partly due to the healthy economic climate in these countries, as well as an increase in the number of congresses and corporate events being held, which has boosted demand.
Germany and Spain
Germany and Spain are the Western European countries with the most competitive prices. Compared with 144 euros per night in the United Kingdom, the average price of a hotel room in Germany and Spain during the last quarter of 2006 was 108 and 111 euros, respectively.
Madrid and Barcelona
Madrid (116 euros) and Barcelona (126 euros) occupy the middle ground in relation to prices in the rest of the world. Whereas hotel prices in both cities are 50% cheaper than in Moscow, they nearly double those of Bangkok.
Eastern Europe
The best deals are to be found in Eastern Europe, Warsaw hotels costing on average 88 euros per night and those of Tallinn 74 euros.
