Hotel prices rise in Edinburgh, but drop in London
Tuesday, 14 August 2012 10:18 AM
The Fringe festival is driving up hotel prices in Edinburgh
Now that the Olympic Games are over, hotel prices in London are actually cheaper than those in Edinburgh according to the trivago Hotel Price Index (tHPI).
The average price of a hotel in London will drop by 35 per cent following the Olympics, from an average of £201 per night during the Olympic period to an average of just £130 during the following week. Prices are also down 14 per cent compared to last month, suggesting that hotel inflation was worst in the weeks leading up to the Olympics.
However, due to the popular Edinburgh Fringe Festival which began on August 3rd, the average price of one night in Edinburgh is £177, which is 46 per cent higher than last month, when the average was just £121.
That makes the Scottish city around £47 more expensive than the English capital.
Elsewhere in Europe, Stockholm, Oslo and Copenhagen are the only major cities in Europe showing significant increases compared to last month. Hotels in these destinations are now amongst the most expensive in Europe: one night in Stockholm will cost an average of £141 per night.
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