Hotel prices continue to soar

AVERAGE hotel prices in Europe's major cities have risen another two percent from April to May 2010.
This is the fifth consecutive month that overnight costs in Europe have increased.
Many cities are reaching significant price peaks, with five cities at their highest since May 2008.
In Europe, the largest increases from April to May 2010 are to be found in Nuremburg (35%), Barcelona (22%) and Oslo (15%).
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.
The average cost of a standard double room in Europe climbed another two percent this month, reaching 103 pounds per night.
This marks a continued trend of increasing hotel prices that has remained steady since January 2010, when the average price was only 88 pounds.
This increase has been slightly mitigated by a currently favorable exchange rate, with the net result being that British travellers are paying four percent less than they did in May last year. Significant price hikes were registered in cities like Nuremburg, which rose 35 percent; Barcelona, which climbed 22 percent; and Oslo, which experienced a 15 percent increase.