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GreekReporter.comEuropeAthens Hotels Show Second Largest Price Increase Across Europe

Athens Hotels Show Second Largest Price Increase Across Europe

athens_realestateLatest research by HRS, The Hotel Solutions Provider, revealed that the Greek capital city of Athens showed the second largest increase in room rates after London in 2013.

The research found that with average room rates almost reaching €81, the Greek capital has seen an increase by 14 percent, beating Warsaw (€76) and Milan (€108), where the room rates increased by 11 percent.

Europe’s most expensive city to stay in, with hotel rates increasing by more than 13 percent since 2013, is found to be the British capital, London, where average room rates almost reach £116 (€141) per night. The U.K. capital has hence left behind Zurich and Moscow, both of which have average room rates of €135 per room.

Edinburgh is the second most expensive in the U.K. (£89), with rates rising by almost 12 percent compared to the first quarter of last year. Ireland’s capital, Dublin, saw its average room rates rise by more than 14 percent.

While London’s average room rates soared, knocking Zurich off the top spot, other destinations saw rates plummet. Moscow’s average rate dropped by 7 percent, while the Swiss city fell by 2 percent against the first quarter in 2013.

The most inexpensive room rates were found in the Hungarian capital Budapest, while Istanbul and Oslo also had slightly less expensive room rates than a year before, after rates decreased by around 7 percent.

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