The report said that the average cost of a day's stay at a hotel in Spain stood at 102 euros placing it as being cheaper than northern European countries such as the United Kingdom where the average is the equivalent of 120 euros, Switzerland where it is 167 euros and Norway and Denmark, 147 euros. Madrid is the European city which is registering the highest downturn in hotel prices this month, by nearly 40 percent whilst hotels in Edinburgh are 40 percent dearer this month reaching an average of 198 euros per day. Spain is now listed as a Mediterranean destination with hotel prices cheaper than in those countries traditionally thought to be more economical, such as Portugal (now with an average of 110 euros) and Greece (132). The average cost of a hotel stay in the Balearics however is 147 euros, far removed from the lowest average in Spain found in the region of La Rioja, 69 euros.
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